I take the liberty to share in brief, 08 must know MUTUAL FUND TERMS...
1. *AMC*
Asset Management Company is an institution that manages multiple funds Like HDFC mutual fund, SBI MUTUAL FUNDS, NJ MUTUAL FUND etc..
2. *NAV*
It stands for NET ASSET VALUE. This is the UNIT PRICE of the FUND. Depending on the returns of the fund, this price may rise or fall.
3. *AUM*
ASSET UNDER MANAGEMENT (AUM) is the total value of money that the investors have put in a particular mutual fund.
4. *FUNDS (SCHEMES)*
These are individual schemes with specific Goals and investment philosophies. Example AXIS Multicap Fund, HDFC Growth Equity fund, NJ Balanced advantage fund etc...
5. *PORTFOLIO*
The PORTFOLIO shows all the investments made by the fund house in the specific fund/scheme including cash in hand.
6. *CORPUS*
Corpus is the total amount of investment done by an investor in a specific Fund/scheme.
7. *EXPENSE RATIO*
Expense Ratio is the annual fees charged by the MUTUAL FUND SCHEME to manage money on your behalf.
8. *EXIT LOAD*
This is the charge for redeeming your units. Therefore its the amount which you have to pay as fees while selling your units.
To know more about HOW INVESTING THROUGH MUTUAL FUNDS CAN HELP YOU Feel free to mail me @ biswajitroyhyd@gmail.com
Happy Investing 😊
Biswajiit Roy
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