Compounded Annual Growth Rate
Certificate of Deposit (CD) is issued by scheduled commercial banks excluding regional rural banks. These are unsecured negotiable promissory notes. Bank CDs have maturity of 91 days to one year.
They are schemes that have a pre-specified maturity period, generally ranging from 2 to 15 years. One can invest directly in the scheme at the time of initial issue and thereafter transact (buy or sell) the units of the scheme on the stock exchanges where they are listed. The market price at the stock exchanges could vary from the scheme's net asset value (NAV) on account of demand and supply situation, unit-holders' expectations and other market factors. Some close-ended schemes provide an additional option of selling the units directly to the Mutual Fund through periodic repurchase at NAV related prices. SEBI Regulations ensure that at least one of the two exit routes is provided to the investor.
A fund where investors have to commit their money for a particular period. In India these closed-ended funds have to necessarily be listed on recognized stock exchanges which provide an exit route.
Commercial paper (CP) is a short term, unsecured instrument issued by corporate bodies (public & private) to meet short-term requirements of working capital. Maturity varies between 3 months to 1 year.
Officer appointed by the AMC to comply with various regulatory requirement and to redress investor grievances associated with the funds.
It is the sales load charged by funds in the event of redemptions made within a pre-specified period of purchase. This charge is linked to the period of unit-holding and generally has an inverse relation with the holding period. An exit charge permitted under the regulations for a no-load scheme
Is the date from which the units are available for sale and repurchase at a price linked to NAV of the scheme. Corpus The total amount of money invested by all the investors in a scheme or the total investable funds available with a mutual fund scheme at any point of time.
The annual rate of interest payable on a debt security, expressed as a percentage of the face value of the instrument.
It is the risk that the issuer of a fixed income security may default on payment of interest and repayment of principal. It is also referred to as default risk.
The ratio of interest to the actual market price of the bond expressed as a percentage: annual interest/ current market value = current yield
The organisation that keeps and safeguards the custody of fund's securities and other assets.
In respect of all mutual funds regulated by SEBI, fresh subscriptions and redemptions are processed at a particular NAV. Every fund specifies a cut-off time in respect of fresh subscriptions and redemption of units. All requests received before the cut-off times areprocessed at that day's NAV and thereafter at the next day's NAV.