A method of evaluating future security prices and market directions, based on statistical analysis of variables such as trading volumes (historic) and price changes, in order to identify patterns.

To calculate the return from open-ended mutual funds Investors can apply the following equation and guidelines:

Profit from investment can be calculated as follows:

(RP+D-PP)

Symbol stands for:

a    =    Date of investment
b    =    Date of calculation of return or date of redemption
x    =    (b-a) means period of investment holding
PP =    Purchase Price or NAV at the beginning of relevant year
RP =    Redemption Price or NAV at the end of relevant year
D   =    Dividends received during the investment holding period or relevant year

The return can be worked out by dividing the profit from investment by the PP and then be annualized. Investors can work out the return for the entire holding period (i.e. x), or separately for each year.

Open-ended funds recover a sales charge (called sales load) from unit/ shareholders. Sales load is a certain fixed percentage of NAV. Some mutual funds recover the sales load when investors purchase the units, whereas others do when investors redeem the units. Mutual funds generally do not charge sales load on reinvestment of dividend. The shorter the period of investment, the greater will be the impact of the sales load. Maximum benefit can be derived from mutual fund investment by regularly investing, reinvesting the dividend and holding the investment for a longer period.

Means a company including a Bank that the Management Company shall appoint for performing the Registrar Function.

A legal entity created by a grantor for the benefit of designated beneficiaries, under the laws of the jurisdiction and the valid trust instrument.