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    Important Terminologies

    What is a folio number?

    Much like a bank account number, a Folio number is your Account Number in a Mutual Fund Scheme, under which your Unit holdings in a mutual fund scheme are recorded in the Unit Holders’ Register. Most Mutual Funds allot a Master Folio number, so that Unit holdings of a unit holder (or same set of unit holders, in case of joint holders) are shown under a common folio number thereby avoiding the need to remember multiple folio numbers.

    What is NAV? What is Exit Load? What is redemption price? What is repurchase price? What are Cut-off times? 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)?