Plain-English definitions for common investment and personal-finance terms. Always check the current scheme document or official source where a term has a legal or regulatory meaning.
Asset Management Company; the entity managing the mutual fund schemes under the applicable framework.
Assets Under Management; the value of assets managed. Size alone does not establish suitability or quality.
A reference index used to evaluate portfolio performance and behaviour.
Compound Annual Growth Rate over a specified period.
Risk that an issuer fails to meet its obligations or that its credit quality deteriorates.
A mutual fund plan without distributor commission, with a different expense structure from a regular plan.
Decline from a prior portfolio peak to a subsequent low.
A measure used to describe a bond portfolio's sensitivity to interest-rate changes.
Recurring scheme expenses expressed relative to assets, subject to applicable rules.
A charge that may apply when units are redeemed within a specified period, if applicable.
An account/reference under which an investor's mutual fund holdings are recorded.
Professional responsible for managing the scheme portfolio within its mandate.
An option where distributable income is generally retained in the scheme rather than periodically paid out, subject to scheme rules.
A passive fund designed to track a specified index.
Know Your Customer process used to establish investor identity and related information.
Risk that an investment cannot be bought or sold efficiently when needed.
Net Asset Value per unit of a mutual fund scheme.
New Fund Offer; the initial offering period for a new scheme.
A mutual fund plan distributed through intermediaries and carrying the applicable distribution-related cost structure.
A standardised risk-label framework used to communicate scheme-level risk.
Systematic Investment Plan; a periodic investment method.
Systematic Transfer Plan; a method of transferring amounts between schemes according to applicable rules.
Systematic Withdrawal Plan; a method of withdrawing specified amounts periodically.
Difference between a passive fund's return and its benchmark return over a period.
A statistical measure of the variability of a passive fund's return relative to its benchmark.
A return measure suited to irregular cash-flow dates.
A measure of variability in investment returns.
A measure of income or return relative to price, with the exact definition depending on the instrument.