1492 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.

Showing 2 terms

Fundamental attributes

Market basics

The defined features of a mutual fund scheme — its type, its investment objective and pattern, and its terms of issue — which cannot be changed without written notice to unitholders and a no-load exit option of at least thirty days.

In plain terms

The list is narrower than people assume. A merger or a rewritten objective is on it; the manager leaving is not, however much of your reason for buying they were.

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Scheme merger

Market basics

The combining of one mutual fund scheme into another, after which unitholders hold units of the surviving scheme.

In plain terms

A change in fundamental attributes, so it arrives as a written notice with a no-load exit window. The waiver covers the load, not the capital gains tax, which is usually the larger number.

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