Plain-language definitions of the terms you will meet across our research and advice.
A Systematic Investment Plan: investing a fixed amount at regular intervals, usually monthly.
The annualised return of a series of cash flows made at irregular dates; the truest measure of portfolio return.
Net Asset Value: the per-unit price of a mutual fund, published at the end of each business day.
The annual cost of running a fund, charged as a percentage of assets and reflected in the NAV.
Direct plans carry no distributor commission and a lower expense ratio; regular plans include distribution costs.
How a portfolio is split across asset classes such as equity, debt and cash to balance risk and return.
Periodically restoring a portfolio to its target allocation after market moves shift the weights.
A bond or debt fund's sensitivity to interest-rate changes; longer duration means larger price swings.
How quickly an asset can be converted to cash without a material loss in value.
The total pool of capital being managed, for an individual goal or an institution.
A stream of payments made at the start of each period; used in SIP and retirement maths.
The rate at which prices rise over time, eroding the purchasing power of money.
A focused, no-obligation first conversation about your goals, your portfolio, or your institution.
