NISM-Series V-A: Mutual Fund Certification Exam Notes
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Transparency - You get regular information on the value of your investment in addition to disclosure on the specific investments made by your scheme, the proportion invested in each class of assets and the fund manager's investment strategy and outlook.
Flexibility - Through features such as Systematic Investment Plans (SIP), Systematic Withdrawal Plans (SWP) and dividend reinvestment plans, you can systematically invest or withdraw funds according to your needs and convenience.
Well Regulated - All Mutual Funds are registered and regulated by SEBI
The investment that an investor makes in a scheme is translated into a certain number of 'Units' in the scheme. The number of units multiplied by its face value (Rs10) is the capital of the scheme - its Unit Capital.
When the profitability metric is positive, the true worth of a unit, also called Net Asset Value (NAV) goes up.
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