India4u - Business

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	Money market fund A mutual fund that invests only in money markets such as commercial papers, commercial bills, and treasury bills certificate of deposit and other instruments specified by RBI. These funds have a minimum lock-in period of 15 days. Till recently, the RBI regulated money market funds but they now come under SEBI. Mutual Fund A Mutual Fund (MF) is a form of trust that pools the funds of a whole lot of investors to make more money by investing in an array of financial instruments. No load fund Mutual fund that does not impose any sales charge or commission for buying and selling the units. NAV Same as Net Asset Value. Net Asset Value NAV represents the value of a unit in the scheme and is the main performance indicator for a mutual fund. The formula is Open-ended schemes Mutual fund schemes that continuously offer new units to the public are called open-ended schemes. They offer units for sale without specifying any duration for redemption. Open-end fund Same as Mutual fund. Top