Window Dressing done by “SAILâ€
The annual report for 1997-98 reveals, the Rs 16,403-crore Steel Authority of India Ltd’s (SAIL) bottomline is not worth its weight in steel. By resorting to complex accounting changes, and despite 11 qualifications from 5 statutory auditors–as well as the venerable Comptroller [...]
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 [...]
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