Mutual Funds

Equity-linked savings scheme (ELSS) is a type of equity mutual fund that combines the dual benefit of tax saving and capital appreciation.

CAGR (Compound Annual Growth Rate) in mutual funds is a measure of the average annual growth rate of an investment over a specific period, assuming that the investment's value has compounded at the same rate each year. It provides a standardized way to assess the investment's performance and compare it with other investments.

SWP (Systematic Withdrawal Plan) in mutual funds is a facility that allows investors to withdraw a fixed or variable amount from their mutual fund investment at regular intervals. It is the reverse of a Systematic Investment Plan (SIP), where money is invested regularly.

Mutual funds invest in TREPS for safety, liquidity, and income generation. TREPS typically involve low-risk government securities, providing a secure place for funds, and offering interest income.

A systematic investment plan (SIP) helps you to spread your investment through fixed payments over a specified period.

AUM (Assets Under Management) in a mutual fund refers to the total market value of all the assets, such as stocks, bonds, and cash, that the fund manages on behalf of its investors. It serves as a measure of the fund's size and is an indicator of the fund's popularity and investor confidence.

Mutual fund status refers to the current condition and details of your mutual fund investments, including the investment value, transaction history, account information, and distributions. You can typically access this information by logging into your mutual fund account through the fund house's website or app.

While multicap and hybrid funds may look the same, in reality they differ on several aspects, including investment objective, asset allocation and risk.

Before mutual fund redemption, you need to consider several aspects and ensure the exercise isn’t a rushed one.

Selecting the best index funds for your portfolio requires considerable research and factoring in several things including the fund’s tracking error and long-term returns.