Some Mutual Funds provide the investor with an option to shift his investment from one scheme to another within that fund. For this option, the fund may levy a switching fee. Switching allows the Investor to alter the allocation of their investment among the schemes in order to meet their changed investment needs, risk profiles or changing circumstances during their lifetime.
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What does Expense ratio mean?
Expense ratio represents the annual fund operating expenses of a scheme, expressed as a percentage of the funds' daily net assets. Operating expenses of a scheme are administration, management, advertising related expenses, etc. An expense ratio of ...
What does repurchase price mean?
The repurchase price is the price at which a close-ended scheme repurchases its units. Repurchase can either be at NAV or can have an exit load.
What does redemption price mean?
The redemption price is the price received on selling units of the open-ended scheme. If the fund does not levy an exit load, the redemption price will be the same as the NAV. The redemption price will be lower than the NAV in case the fund levies an ...
What do you mean by Rollover?
Rollover is a facility that enables the investor to carry forward his/her futures position beyond the expiry of the contract.
What does Strike Price mean in options?
It is the price at which the underlying asset is agreed to be bought/sold at the expiry of the contract.