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Account Statement

This is a summary of transactions (purchases, redemptions, dividends, etc.) in your mutual fund account over a specific time period.

Adjusted NAV

The Net Asset Value (NAV) of a unit after changes due to distributions like dividend declaration, bonus etc. have been calculated. It is assumed that reinvestments of distributions have been made to the investors at prevailing NAV for the purposes of calculating Adjusted NAV.

Age of Fund

Time period that has elapsed since the setting up of the fund.


When your mutual fund investment has earned higher returns than its benchmark index, the difference between the two returns is called Alpha.

Alpha = Returns earned by your mutual fund investment minus benchmark index returns

Annual Return

The change in percentage in the Net Asset Value (NAV) of a fund over one year based on the assumption that distributions such as dividend payment and bonuses have been reinvested.

Applicable NAV

Net Asset Value (NAV) at which all investments and redemptions are processed for applications received before a particular cut-off time for a fund.

Application Form

Form that the investor needs to fill with all his details while investing in a mutual fund.


This means increase in the value of your investments.


When a security is priced differently in two or more markets at the same time, one can make a profit by buying the security from the market where it is priced lower and selling in the market where it is priced higher. This is called arbitrage.

Asset Allocation

Investing a pre-decided amount between different asset classes (equity, debt, property, etc.) depending on your risk-taking ability and tolerance.

Automatic Investment Plan

It is a plan where a fixed amount is automatically debited periodically from an investor’s bank account and invested in the fund of his choice.

Average cost method

A method of calculating the cost per unit by adding up all costs incurred in purchasing all the units of an investment and then dividing the sum by the total number of units.

Average Maturity

Average Maturity is the average of different maturities of the securities, which make up a debt mutual fund’s portfolio.


A person or firm offering professional financial advice.


Any tangible or intangible resource of economic value.

Asset Allocation Fund

A fund that spreads its portfolio across different asset classes (equity, debt, etc.) based on a pre-determined ratio.

Automatic Reinvestment

An investment option where dividends declared by a fund are automatically reinvested back into the fund on behalf of the investor and fresh units issued against this reinvestment.


The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. Before making any investments, the readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision.

None of the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.​


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