NISM-Series V-A: Mutual Fund Certification Exam Notes
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Strategic Asset Allocation is allocation aligned to the financial goals of the individual. It considers the returns required from the portfolio to achieve the goals, given the time horizon available for the corpus to be created and the risk profile of the individual
Tactical asset allocation dynamically changes the allocation between the asset categories. The purpose of such an approach may be to take advantage of the opportunities presented by various markets at different points of time, but the primary reason for doing so is to improve the risk-adjusted return of the portfolio
A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. A Mutual Fund offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low-cost.
Net Asset Value (NAV) - Current market price of the unit.
Sale Price - Is the price you pay when you invest in a scheme. ( Offer Price)
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