Grandfathering Pr.FD-RD Maturity & Intt. Value ??

Mutual Fund - Glossary

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Understanding various terms of Mutual Fund (MF)

What is Mutual fund and why to invest in Mutual Fund

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total return

The performance of an investment, including yield (dividends, interest, capital gains) as well as changes in per unit price, calculated over a designated period of time expressed in percentage terms. Simply put, it is the return one gets on his investment taking all factors into account.

trade date

The actual date on which your units were purchased or sold. The transaction price is determined by the closing net asset value on that date.

transfer agent / registrar

An agent appointed by the trustee of a mutual fund in consultation with the AMC or by the companies for the purpose of handling the records of the unit holders or share holders.

trustees (of a mutual fund)

Sebi requires all mutual funds to appoint a board of trustees. They appoint and oversee the operations of the asset management companies to ensure that the interest of investors is always safeguarded.

Tax deducted at source (TDS)

No tax is withheld or deducted at source, where any income is credited or paid by a mutual fund, as per the provisions of section 194k and 196a of the act.

top-down investing

The top-down style of investment management places primary importance on country or regional allocation. Top-down managers generally focus on global economic and political trends in selecting the countries or regions where they expect to find investment opportunities. Only then do they employ a more fundamental analysis of individual stocks in order to make their final selections.

transaction costs

The costs incurred by the buying and selling of securities including broker commissions and the difference between dealer buying and selling price.

treasury bills (t-bills)

A short-term debt instrument issued by the government with a maturity period of one year or less.



The organization that acts as the distributor of a mutual fund units to broker / dealers and the public.

unit holder

The owner of units or shares of a mutual fund.


vertical integration




voluntary plan


value investing

The investment approach which favours buying under-priced stocks that are inexpensive relative to their intrinsic value and that may have the potential to perform well and increase in price in the future. It first seeks individual companies with attractive investment potential, then considers the economic and industry trends affecting those companies. Value managers usually begin their search with fundamental analysis, in order to find companies whose current prices may fail to reflect their potential longer-term value.


yield curve

The relationship between time and yield on securities is called the yield curve. the relationship represents the time value of money - showing that people would demand a positive rate of return on the money they are willing to part today for a payback into the future.

year-to-date (YTD)

A time period in a calendar year starting from the first of January upto the present date in that calendar year. This term is generally used to calculate returns on an investment from the 1st of January of that year to the present date in that year.

yield to maturity (YTM)

The yield earned by a bond if it is held until its maturity date.


zero coupon bond


The maturity dates on zero coupon bonds are usually long-term; many don't mature for ten, fifteen, or more years. These long-term maturity dates allow an investor to plan for a long-range goal, such as paying for a child's college education. With the deep discount, an investor can put up a small amount of money that can grow over many years.

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