Factsheet
Market basicsA monthly document disclosing a fund’s holdings, sector mix, turnover and expense ratio.
In plain terms
Free, two pages, and it answers everything a star rating cannot.
1678 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Time-weighted return
Market basicsAlso called: TWRR
The return one rupee present throughout a period would have earned, computed so that the size and timing of contributions and withdrawals make no difference to it.
In plain terms
The right measure of a fund manager, who does not choose when money arrives — and the only figure that can be quoted to a stranger, which is why every factsheet and advertisement carries it.