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Glossary E

Efficient Portfolio

A portfolio which ensures maximum return for a given level of risk or a minimum level of risk for an expected return.

Entry Load

It is the load charged by the fund when one invests into the fund. It increases the price of the units to more than the NAV and is expressed as a percentage of NAV.

Equity Schemes

Schemes where more than 65% of the investments are done in equity shares of various companies.

ETF

Exchange Traded Funds

Ex-Dividend NAV

The NAV declared post record date is the ex-dividend NAV.

Exit Load

It is the load charged by the fund when one redeems the units from the fund. It reduces the price of the units to less than the NAV and is expressed as a percentage of NAV.

Expense Ratio

The Expenses of a mutual fund include management fees and all the fees associated with the fund's daily operations. Expense Ratio refers to the annual percentage of fund's assets that is paid out in expenses.