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Net Asset Value
The NAV is the market value of mutual fund shares. It is
calculated each business day based on the value of the assets
of the fund minus its liabilities,
divided by the number of shares outstanding.
Net profit margin
A measure of a company’s profitability and efficiency calculated
by dividing a measure of net profits (operating profit minus
depreciation and income taxes) by sales.
Net worth
The value found by subtracting total liabilities
from total assets.
No-load fund
A general term applied to mutual funds
that sell shares at net asset value, either directly
to the public or through an affiliated distributor, without
the addition of a sales charge.
NRE
A Non-Resident External Rupee account that NRIs can open
with any Indian bank. They can use this account for making
investments in India on a repatriable. basis.
NRI
A Non-Resident Indian who is an Indian citizen or a person
of Indian origin but who resides abroad. NRIs have to follow
specific rules when investing in India.
NRO
An Ordinary Non-Resident Rupee account which can be opened
for funds coming in from abroad or from local funds. The amount
in the account is, however, non-repatriable.
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