RaagVamdatt.com -- Definition of Terms

[ Main Index | Add Term | Search | | ]

Definition of Terms

All | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Other

Term

UNIT
raagvamd

The corpus of a Mutual Fund is divided into small parts so that even small / retail investors can participate in the MF scheme. Each such small part is known as a Unit of the mutual fund scheme.

Normally, the face value of each unit is Rs. 10. The market price of each unit - its NAV - is declared periodically (usually daily) by the MF.

Related Terms: Mutual Fund, MF, NAV, Net Asset Value
[Become editor]

Raag Vamdatt featured in



Free eCourse "Basics of Personal Finance"
Sign-Up Now - It's Free

Follow Me! (Follow Me)

What readers have to say...

Good Job... I really appreciate your efforts in posting such a valuable article. I am sure, this will help lot of individuals who are planning to file their IT returns this year.
-- Taseer

click here

Poll of the Month

When do you think you would file your income tax (IT) return?

 



Blog SEO Expert - Search Engine Optimization for Blogs

Latest Comments