management fee / expense
fee, within the limits laid down by sebi, charged by the AMC for managing of the mutual fund scheme.
the specified date on which the units of a close-ended scheme are due for redemption.
maximum repurchase / withdrawal
a time frame decided by the fund beyond which the fund will not entertain any application for redemption of units. this could be a day or a week or any other period.
the minimum amount required to be invested to purchase units of a scheme of a mutual fund.
the smallest sum that an investor can withdraw (get redeemed) from the fund at one time.
money market instruments
as defined under the sebi (MF) regulations 1996 including commercial paper, treasury bills, goi securities with an unexpired maturity up to one year, call money, certificates of deposit and any other instrument specified by the reserve bank of india.
money market mutual funds/ liquid funds
these funds invest only in money market instruments including treasury bills, commercial paper or certificate of deposits of a very short-term maturity.
a mutual fund is a collection of stocks or bonds. this happens when a large number of people give their money to professionals, to manage and invest, with the aim of achieving a return. these qualified and experienced professionals invest in instruments according to the objective of the fund.