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Glossary U

Unit

A Unit represents one undivided share in the assets of the Schemes.

Unit Trust

A special type of fund, usually a bond fund, that has a fixed portfolio, shares or "units" are sold when the fund is formed, and the portfolio remains fixed until the maturity of the underlying securities.

Unit-holder

A person who holds Unit(s) under a Mutual Fund.

Unsystematic Risk

The risks specific to a company arising from company specific factors like operational factors, financial factors, labor unrest etc.