INTRODUCTION
The Reliance group – one of India’s largest business houses with revenues of Rs. 990 billion ($22.6 billion) that is equal to 3.5 percent of the country’s gross domestic product was split into two.
The group – which claims to contribute nearly 10 per cent of the country’s indirect tax [...]
more→Glossary: Some terms related with Mutual Funds:
ACCOUNT STATEMENT:
A document issued by the mutual fund, giving details of transactions and holdings of an investor.
ADJUSTED NAV (TOTAL RETURN):
The net asset value of a unit assuming reinvestment of distributions made to the investors in any form.
ADVISOR:
Your financial consultant who gives [...]
INDUSTRY BACKGROUND
The mutual fund industry started in India in a small way with the UTI Act creating what was effectively a small savings division within the RBI. Over a period of 25 years this grew fairly successfully and gave investors a good return, and therefore in 1989, as the next logical [...]
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