300 terms used in fund factsheets, policy pages, loan papers and tax forms.
Tax A form many employers use so that tax is deducted using your declared savings and rent details.
Tax A section of the Income Tax Act that allows certain savings and insurance premiums as a deduction if you use the old regime.
Tax The section that covers National Pension System contributions by employee and employer.
Tax The section that allows a deduction for health insurance premiums under the old regime.
Tax A rebate that can bring tax to zero if taxable income stays within the notified limit under the new regime.
Regulation Identity verification using Aadhaar so a fund house or insurer can open an account.
Markets Accrued interest is a term you will see in markets documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds A scheme where the manager picks securities and tries to beat a stated benchmark after fees.
Funds AIF Category I is a term you will see in funds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Tax AIF Category II is a term you will see in tax documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking AIF Category III is a term you will see in banking documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Insurance Alpha is a term you will see in insurance documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Planning AMC is a term you will see in planning documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Regulation Association of Mutual Funds in India. It publishes industry data and the ARN system for distributors.
Macro AMFI code is a term you will see in macro documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Loans Annualised return is a term you will see in loans documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Insurance A contract that pays a regular income, often bought with part of an NPS corpus at exit.
Bonds Application supported by blocked amount is a term you will see in bonds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Regulation Arbitrage fund is a term you will see in regulation documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Regulation AMFI Registration Number held by a mutual fund distributor.
Planning The split of money across equity, debt, gold and cash.
Markets Asset management company is a term you will see in markets documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds Assets under management. The market value of money a scheme or fund house runs.
Funds Balanced advantage fund is a term you will see in funds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Tax Bank guarantee is a term you will see in tax documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking A policy rate published by the Reserve Bank. It is not the rate on your savings account.
Banking Base rate is a term you will see in banking documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets One hundredth of a percentage point. Written as bps.
Funds The index a scheme says it will be measured against.
Insurance Benchmark index is a term you will see in insurance documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Planning Beneficial owner is a term you will see in planning documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets A rough measure of how much a stock or fund moves when the market moves.
Macro Bid-ask spread is a term you will see in macro documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Loans Blue chip is a term you will see in loans documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets A loan you make to a government or company that pays interest and returns principal on a date.
Bonds Bond ladder is a term you will see in bonds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets Extra shares given to existing holders without taking fresh money.
Regulation Bonus units is a term you will see in regulation documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets Book closure is a term you will see in markets documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds Book value is a term you will see in funds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets BSE Limited, an Indian stock exchange.
Gold Gold or silver in bar or coin form, priced close to the metal rate.
Tax Business cycle fund is a term you will see in tax documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking Buy and hold is a term you will see in banking documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Maths Compound annual growth rate. The constant yearly rate that takes a start value to an end value.
Insurance Call money is a term you will see in insurance documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets A contract that gives the right, not the duty, to buy at a set price by a set date.
Planning Capital adequacy is a term you will see in planning documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Tax Profit on sale of a capital asset such as units, shares or property.
Macro Capital protection oriented is a term you will see in macro documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Bonds CASA is a term you will see in bonds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Loans Cash equivalent is a term you will see in loans documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets A depositories company that holds demat securities in electronic form.
Tax An extra charge on tax, such as health and education cess.
Regulation CIBIL is a term you will see in regulation documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets Closed ended fund is a term you will see in markets documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds Collateral is a term you will see in funds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Tax Commercial paper is a term you will see in tax documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking Commodity is a term you will see in banking documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Maths Interest earned on both the original sum and earlier interest.
Insurance Conservative hybrid is a term you will see in insurance documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Planning Contagion is a term you will see in planning documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Macro Contingency fund is a term you will see in macro documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds An exit load that falls as you stay longer in a scheme.
Loans Contract note is a term you will see in loans documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Bonds Convexity is a term you will see in bonds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Regulation Corporate bond fund is a term you will see in regulation documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets Cost inflation index is a term you will see in markets documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds Counterparty risk is a term you will see in funds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Tax Coupon is a term you will see in tax documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking Credit default is a term you will see in banking documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets An opinion on default risk published by a rating agency.
Insurance Credit risk fund is a term you will see in insurance documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking A number used by lenders to judge how you have repaid past loans.
Banking Cash reserve ratio. The share of deposits banks must keep with the RBI.
Planning Cumulative FD is a term you will see in planning documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Macro Currency risk is a term you will see in macro documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Macro When a country pays more to the world for goods, services and income than it receives.
Loans Current yield is a term you will see in loans documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Bonds Custodial fee is a term you will see in bonds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds The bank that holds the securities of a mutual fund.
Regulation Daily cut-off is a term you will see in regulation documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets Debenture is a term you will see in markets documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds Debt ETF is a term you will see in funds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds A scheme that invests mainly in bonds and money market instruments.
Tax Declared NAV is a term you will see in tax documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking Deductible is a term you will see in banking documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
NPS The NPS mix used if you do not choose an asset allocation.
Insurance Deferred annuity is a term you will see in insurance documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Planning Defined benefit is a term you will see in planning documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Macro Defined contribution is a term you will see in macro documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets An account that holds shares and units in electronic form.
Loans Depository is a term you will see in loans documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets The agent through which you open and run a demat account.
Bonds Derivative is a term you will see in bonds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Regulation Development financial institution is a term you will see in regulation documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets Direct equity is a term you will see in markets documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds A mutual fund plan bought without a distributor. It has a lower expense ratio than the regular plan.
Funds Dirty price is a term you will see in funds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Tax Discounted cash flow is a term you will see in tax documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking Disinvestment is a term you will see in banking documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Insurance Diversification is a term you will see in insurance documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets A cash payout from a company or, in older language, from a fund. Fund payouts now use IDCW.
Planning Dividend yield is a term you will see in planning documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Macro Dollar cost averaging is a term you will see in macro documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Macro A measure of the US dollar against a basket of other major currencies.
Loans Domestic institutional investor is a term you will see in loans documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Bonds Drawdown is a term you will see in bonds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Bonds A measure of how much a bond price moves when yields change.
Markets Dynamic asset allocation is a term you will see in markets documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Regulation Dynamic bond fund is a term you will see in regulation documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds Early withdrawal is a term you will see in funds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Tax Earnings yield is a term you will see in tax documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking Effective tax rate is a term you will see in banking documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Insurance Electronic bank guarantee is a term you will see in insurance documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds Equity linked saving scheme. An equity fund with a three year lock.
Planning Embedded value is a term you will see in planning documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Planning Cash or a liquid fund set aside for job loss, illness or urgent repair.
Loans Equated monthly instalment on a loan.
Macro Employee stock option is a term you will see in macro documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Insurance A life policy that mixes cover with a savings component.
Retirement Employees Provident Fund, a retirement pot for many salaried staff.
Retirement Employees Pension Scheme, linked to EPF.
Funds A scheme that invests mainly in shares.
Funds See expense ratio.
Loans Escrow is a term you will see in loans documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds A scheme that screens companies using environmental, social and governance rules.
Bonds Estate is a term you will see in bonds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets The date after which a buyer does not get the declared dividend or bonus.
Markets Ex-dividend is a term you will see in markets documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Regulation Exchange rate is a term you will see in regulation documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds A fund that trades on the exchange like a stock.
Funds A fee charged if you redeem units before a stated period.
Funds Expected return is a term you will see in funds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds The annual cost of running a scheme, taken from the fund.
Tax Expiry date is a term you will see in tax documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking Exposure limit is a term you will see in banking documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets The printed value of a share or bond, not the market price.
Insurance Factsheet is a term you will see in insurance documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Planning Fair value is a term you will see in planning documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Macro Family floater is a term you will see in macro documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Loans FATCA is a term you will see in loans documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking Fixed deposit. A bank deposit for a fixed term at a stated rate.
Macro The US policy rate set by the Federal Reserve.
Bonds Fee-only advisor is a term you will see in bonds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets Older name for foreign institutional investor. Now usually FPI.
Regulation Fiscal deficit is a term you will see in regulation documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets Fixed income is a term you will see in markets documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Funds Fixed maturity plan is a term you will see in funds documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Tax Flexi cap is a term you will see in tax documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Banking Floater fund is a term you will see in banking documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Loans A loan rate that changes when the lender benchmark changes.
Funds Your account number with a fund house or registrar.
Insurance Forex reserve is a term you will see in insurance documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Planning Form 15G is a term you will see in planning documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Macro Form 15H is a term you will see in macro documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Loans Form 16 is a term you will see in loans documents and statements. Read the product note for the exact rule that applies to your account. If two products use this word, check whether the lock, fee and tax are the same.
Markets Foreign portfolio investor.
Markets Shares that can actually trade, excluding promoter lock-ins.
Funds A scheme that buys other schemes or offshore funds.
Markets A contract to buy or sell an asset on a future date at a price set now.
Bonds A government security issued by the Government of India.
Funds A scheme that invests in government securities.
Tax Goods and Services Tax on many goods and services.
Insurance An add-on to a life or health policy for extra cover.
Markets A position taken to reduce the risk of another position.
Tax The time you hold an asset. It decides short term or long term tax.
Tax House rent allowance paid by an employer.
Funds A scheme that holds both equity and debt.
Funds Income distribution cum capital withdrawal. The current name for fund payouts.
Funds A scheme built to match a published index.
Tax An older method that raised the cost of an asset using inflation. Rules change by asset and year.
Macro A rise in the general price level. It reduces what a rupee buys.
Markets The first sale of a company's shares to the public.
Insurance A legal link between the proposer and the life or asset insured.
Insurance The price you pay to keep a policy in force.
Markets A company ratio of operating profit to interest cost.
Regulation Insurance Regulatory and Development Authority of India.
Markets The code that identifies a security.
Regulation Know Your Customer checks required before most financial accounts open.
Markets Companies at the top of the market by listed value.
Markets Using borrowed money or derivatives to raise exposure.
Insurance Life Insurance Corporation of India.
Funds A debt scheme that holds very short instruments and allows quick redemption.
Markets How easily you can sell an asset without moving the price a lot.
Products A period during which you cannot exit, or can exit only with a cost.
Tax Long term capital gains.
Loans Loan to value. How much of the asset price the lender will fund.
SIP The bank instruction that lets a SIP debit run each month.
Products The date a deposit, bond or policy is scheduled to pay out.
Markets Companies below large cap by listed value.
Bonds Duration adjusted so you can estimate price change for a yield change.
Markets Short term borrowing and lending, usually under one year.
Markets Whether an option is in, at, or out of the money.
Insurance The cost of life cover inside a ULIP or similar product.
Funds A pool of money run by an AMC under SEBI rules.
Funds Net asset value per unit.
Bonds Non convertible debenture.
Funds New fund offer. The opening period of a new scheme.
Markets An index of 50 large companies listed on the NSE.
Products The person recorded to receive the asset if you die.
Retirement National Pension System.
Small savings National Savings Certificate sold through post offices.
Markets A depositories company that holds demat securities.
Markets National Stock Exchange of India.
Funds Overseas feeder or other country exposure inside some schemes.
Funds The legal booklet that states how a scheme will invest and charge.
Macro A group of oil exporting countries that can influence crude supply.
Markets A contract that gives a right, not a duty, to buy or sell.
Funds An extra strategy, often currency or derivatives, on top of a core portfolio.
Markets Price to book value.
Tax Permanent Account Number used for tax and most investments.
Banking A record of a bank or small savings account.
Markets Price to earnings. Price of a share divided by earnings per share.
Retirement A regular payment after work, from NPS, EPS or an annuity.
Loans An unsecured loan repaid by EMI.
Insurance The years during which the policy is in force.
Planning The full set of assets you hold.
Legal A document that lets another person act for you.
Small savings Public Provident Fund.
Insurance The years you pay premium, which can be shorter than the policy term.
Maths The value today of money that arrives later, after discounting.
Markets Where new securities are issued, such as an IPO.
Loans The amount borrowed, before interest.
Markets Unlisted company ownership, usually not available in a retail MF.
Markets A contract that gives the right to sell at a set price by a set date.
Regulation Reserve Bank of India, the central bank.
Banking Recurring deposit.
Maths Return after subtracting inflation.
Funds Selling units back to the fund.
Funds The record keeper for unit holders, such as CAMS or KFin.
Funds A scheme plan that includes distributor commission in the expense ratio.
Planning Using interest or payouts to buy the same product again.
Macro The rate at which banks borrow from the RBI against securities.
Insurance A term plan add-on that returns premiums if you survive the term. It raises the price.
Macro The rate related to RBI absorbing liquidity from banks.
Insurance An optional extra benefit on a base policy.
Markets A market mood where investors sell risk assets.
Markets A market mood where investors buy risk assets.
Funds Registrar and transfer agent.
Maths A rough way to estimate doubling time: 72 divided by the annual rate.
Loans An external benchmark some floating loans follow.
Funds The detailed legal document of a mutual fund scheme.
Regulation Securities and Exchange Board of India.
Markets Where existing securities trade after issue.
Markets A BSE index of 30 large companies.
Markets The process that completes a trade and moves cash and securities.
Gold Sovereign Gold Bond issued by the Government of India.
Markets A measure of extra return per unit of volatility.
Funds See scheme information document.
Maths Interest only on the original principal.
Funds Systematic investment plan.
Banking Statutory liquidity ratio. The share of deposits banks must keep in specified assets.
Markets Companies below mid cap by listed value.
Products PPF, SSY, NSC, POMIS and similar government schemes.
Insurance A measure of whether an insurer holds enough capital.
Markets The gap between buy and sell prices, or between two yields.
Small savings Sukanya Samriddhi Yojana.
Tax A state levy on some documents and security transfers.
Tax A flat deduction from salary in the income tax computation.
Tax Short term capital gains.
Funds A SIP that raises the monthly amount on a set schedule.
Markets A company action that increases share count and cuts the price by the same ratio.
Funds Systematic transfer plan from one scheme to another.
Markets The price at which an option can be exercised.
Insurance The amount the insurer has agreed to pay on the covered event.
Insurance What a policy pays if you stop it before maturity.
Funds Moving units from one scheme to another in the same fund house.
Funds Systematic withdrawal plan.
Markets Settlement one business day after the trade.
Tax Tax deducted at source.
Loans The full period of a loan or deposit.
Funds Total expense ratio. Same idea as expense ratio.
Insurance Life cover that pays on death during the term and has no investment value.
Retirement The main NPS account with withdrawal rules.
Retirement A more flexible NPS account without the same tax treatment.
Tax A taxpayer identification used in some older systems.
Funds How far an index fund's return drifts from the index.
Funds Ongoing commission paid to a distributor from the regular plan.
Bonds A short government bill sold at a discount.
Funds The legal deed under which a mutual fund trust is set up.
Insurance Unit linked insurance plan. Cover plus market units, with several charges.
Markets Payouts not collected by the holder and later moved to a designated account.
Insurance The insurer's process of accepting or pricing a life or health risk.
Funds A slice of a mutual fund scheme.
Banking Unified Payments Interface for instant bank transfers.
Funds A historic fund house. Also used loosely for older US-64 era products.
Markets The process of putting a price on an asset.
Markets How much a price jumps around.
Retirement Voluntary Provident Fund on top of EPF.
Markets A company-issued right to buy shares at a set price.
Tax A tax India used to levy on certain assets. It is not in force now.
Bonds The average time to maturity of bonds in a fund, weighted by value.
Insurance A participating policy that may add bonuses.
Markets Current assets minus current liabilities of a company.
Maths A rate of return for cash flows that do not arrive at even gaps.
Bonds The return a bond offers if held on stated assumptions.
Bonds Yields plotted across different maturities.
Bonds The yield if a bond is held to maturity and coupons are reinvested at that yield.
Bonds A bond that pays no coupon and is issued at a discount.