Mutual Funds Glossary, Mutual Fund Glossary, mutual funds dictionary, mutual fund dictionary, mutual fund definition, glossary of mutual fund terms, glossary of mutual funds, mutual fund terms

Face Value
The original issue price of one unit of a scheme.

First In First Out Method (FIFO)
The method under which for the purpose of computing capital gains on sale of units, the units sold are assumed to be those in stock which were purchased first. This method is followed for the purpose of computing tax on capital gains. If the units purchased are in different folios, then the option of considering the sale of units on a one-to-one basis is available but one can still opt for FIFO method.

Front-end Load
The service charge collected by the fund from the investor. This is charged through a markup on the NAV for purchase by new investors. The load has to fall within an overall limit laid down by SEBI.

Fund
A mutual fund is a trust under the Indian Trust Act. Each fund manages one or more schemes.

Fund Category
Classification of a scheme depending on the type of assets in which the corpus is invested by the mutual fund company. It could be a growth, debt, balanced, gilt or liquid scheme.

Fund Family
All the schemes which are managed by one mutual fund.

Fund Management Costs
The charge levied by an AMC on a mutual fund for managing their funds.

Fund Manager
The person who makes all the final decisions regarding investments of a scheme.

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