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    Important Terminologies

    What is NAV?

    NAV or Net Asset Value of the fund is the cumulative market value of the assets of the fund net of its liabilities. NAV per unit is simply the net value of assets divided by the number of units outstanding. Buying and selling into funds is done on the basis of NAV-related prices.

    NAV is calculated as follows:

    NAV =

    Market value of the fund's investments + Receivables + Accrued Income-Liabilities -Accrued Expenses
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    Number of Outstanding units

    What is Exit Load? What is redemption price? What is repurchase price? What are Cut-off times? What is a folio number? What is meant by Power of Compounding? What is Absolute Return? What is XIRR? What is meant by Redemption? What is meant by Switch? What is meant by SWP? What is meant by STP? What is Consolidated Account Statement (CAS)?