Gilt funds
Funds which invest only in government securities of different maturities with virtually no default risk. While returns are steady and secure, they are generally lower than those from other debt funds.

Growth Option
A scheme where the fund ploughs back the dividend announced. The fund allots as many units of the scheme as are arrived at on dividing the dividend amount by the ex-dividend NAV.

Guaranteed Returns
The return assured by the mutual funds as a minimum return in certain schemes, subject to meeting the conditions stipulated by SEBI.

Global Funds
Mutual funds that invest in securities issued in the United States and foreign nations. Global funds may be susceptible to risks such as currency fluctuation and political or economic changes.

Grantor
The owner of an estate who sets up a trust.

Gross Domestic Product (GDP)

The total value of a country's goods and services within a specific timeframe, generally one year. This economic indicator is one measure of a nation's growth.

Growth Funds
Mutual funds that strive for capital appreciation by investing in companies that are positioned for strong earnings growth.

Growth and Income Funds
Mutual funds that strive for both dividend income and capital appreciation by investing in companies with solid records of dividend payments and capital gains. Most growth and income funds strive for yields equal to or better than the money market average and to provide capital appreciation that at least beats inflation.

Guardian
A person given legal responsibility for the rights and affairs of a minor or mentally incapacitated person.
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