What does repurchase price mean in mutual funds?
In the context of mutual funds, the repurchase price refers to the rate at which a closed-ended scheme buys back its units from investors. The repurchase price might be equivalent to the fund's Net Asset Value (NAV), or it could be slightly less if there's an associated exit load.
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What does redemption price mean in mutual funds?
Redemption Price is the amount an investor receives when selling units of an open-ended mutual fund scheme. If there's no exit load associated with the redemption, then the redemption price will be equal to the NAV of the scheme. However, if there is ...
What are closed-ended funds/schemes in mutual funds?
Closed-Ended Funds or Schemes are specific types of mutual fund schemes that are available for subscription only during a designated timeframe, often referred to as the New Fund Offer (NFO) period. They come with a predetermined maturity date, ...
What does 'Additional Lumpsum' mean in Mutual Fund investments?
A lumpsum investment pertains to a one-time commitment of funds into a specific mutual fund scheme. Essentially, when you invest a certain sum all at once, that's termed as a 'lumpsum' investment. Now, an 'additional lumpsum' is when you decide to ...
What are charges applicable for investing in mutual funds?
At FYERS, we aim to maintain transparency in all our financial dealings. Here's a breakdown of the charges related to mutual funds: Purchase Costs: Buying Direct Mutual Funds with FYERS is completely FREE. Selling Charges: Upon selling your mutual ...
How do Dividend Plans in mutual funds function?
Dividend Plans in mutual funds periodically distribute the income or profits generated by the fund to its investors. Instead of reinvesting the earnings, these plans provide cash payouts to unit holders, allowing them to benefit from the scheme's ...