5 terms

Mutual Funds

NAV, SIPs, expense ratios and fund types.

Beginner4

Assets Under Management

The total market value of all the money a fund or manager currently manages.

The annual percentage of your investment that a fund charges to run the scheme.

Net Asset Value

The per-unit price of a mutual fund, published at the end of each trading day.

Systematic Investment Plan

Investing a fixed amount in a mutual fund at fixed intervals, usually monthly.

Extended Internal Rate of Return

The annualised return of an investment when money goes in and out on irregular dates.

Educational content only. Examples use round illustrative numbers and are not investment, tax or legal advice.