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Tax Deducted at Source (TDS)
No tax is withheld or deducted at source, where any income
is credited or paid by a mutual fund,
as per the provisions of Section 194K and 196A of the Act.
Top-down investing
The top-down style of investment management places primary
importance on country or regional allocation. Top-down managers
generally focus on global economic and political trends in
selecting the countries or regions where they expect to find
investment opportunities. Only then do they employ a more
fundamental analysis of individual stocks in order to make their final selections.
Total return
Return on an investment over a specified period of time,
which includes share-price appreciation, reinvested dividends
or interest, and any capital gains.
Transaction costs
The costs incurred by the buying and selling of securities
including broker commissions and the difference
between dealer buying and selling price.
Treasury bills (T-bills)
A short-term debt instrument issued by the government with a maturity
of one year or less.
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