1) What is NAV?

NAV- Net asset value- Mutual Fund Unit price – changes depending of the performance of the fund

2) What is KYC 

KYC – “Know you customer” is one time process, Regulatory requirement for the first time investor in mutual fund with supplementary FATCA details

3) What is FATCA?

Foreign Account Tax Compliance Act

​

4) What is IPV?

In person verification – needs at the time of KYC done by Mutual fund distributor or by AMC authorities or authorities of Registrars of mutual funds

5) What is AUM?

AUM- Asset under management- Total market value of the fund managed by the mutual fund company

6) Who manages my funds?

AMC – Asset Management company manages your funds

7) What is Offer Document?

Offer documents is a Formal document which describes basic features of the fund , objective of the fund , terms and conditions, asset classes, risk factors etc

8) What is Expense ratio?

Indicates the expenses incurred by the fund in relation with total assets of funds

9) What is Redemption?

Sale of units or withdrawal of amount

10) Who can invest?

Any Indian nationals, NRIs or PIOs can invest. NRIs or PIOs staying in US and Canada have some limitations at this
point of time.