Funds, ETFs & Index Investing

An active fund that holds a portfolio close to its benchmark while charging active management fees.

Test: low active share and low tracking error combined with an expense ratio typical of active management qualitative

A single statement showing an investor's holdings across all mutual funds and demat accounts, linked by PAN.

Test: holdings across all fund houses and depositories are aggregated under one permanent account number qualitative

Funds, ETFs & Index Investing

The large block of ETF units in which new units are created or existing ones redeemed with the fund.

Test: units are created or redeemed only in multiples of the specified block size, in exchange for the underlying basket or cash shares

Funds, ETFs & Index Investing

The deadline by which an application and its funds must reach a fund house to receive a given day's NAV.

Test: both the application and the cleared funds are received before the stated cut-off for that scheme type qualitative