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Fiscal Policy

The federal government's use of expenditures and taxes to influence the growth of the economy. Broadly determined by the size of the annual budgetary deficit or surplus.

Fixed Assets

Assets of a long term nature such as land or buildings.

Floating Rate

Securities (usually bonds or debentures or preferred shares) which have rates that change with changes in the interest rate. The floating rate is generally based on the prime lending rate or the average treasury bill yield over a specific period.

Foreign Investment Risk

See Risk.


An instrument, which allows the holder to make or take delivery of an asset or security at some future date and at an agreed-upon price. Also known as a forward contract. See Futures Contract.

Forward Pricing

The use of the next valuation date for purposes of pricing purchases and redemptions of a mutual fund.

Front-end Load or Free

See Sales Charge.

Fund of Funds

The fund invests primarily in other closed end funds with the objective of capitalizing on the discount that the stated closed end funds are traded at.

Futures Contract

Exchange-traded contracts that obligates the buyer to buy and receive, or obligates the seller to sell and deliver, a specified amount of a commodity or asset at an agreed-upon price at a future date. Profits and losses are settled daily (mark-to-market) between the two parties rather than being settled when the contract is exercised. Also known as a future.

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Means anything prohibited by the Shariah.


Strategy designed to reduce a portfolio's exposure to adverse price movements in securities, interest rates and foreign currency. It is designed to offset investment risk.


Earnings made from an investment in the form of interest or dividend income.

Income Fund

A mutual fund whose primary investment objective is regular income. Examples include money market funds, mortgage funds, bond funds and dividend funds.

Income Statement

A financial statement issued by a company showing its revenues and expenses over a given period of time, usually a year, resulting in either a profit or a loss.

Independent Director

A director of an investment fund who is not a partner, officer, director, employee or shareholder of its underwriter or investment advisor.

Individual Pension Account

Means a distinct account being maintained in the name of each Participant with the Pension Fund Manager to record his investments and the Units of Sub-Funds as issued there against including appreciations thereof.


The general rise in the price of goods and services in the economy.

Initial Investment

The minimum initial investment for all the Atlas Funds is Rs.5, 000.

Initial Price

Means the price per Unit during the initial offering period determined by the Management Company.

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