Net asset value is the value of a mutual fund's assets minus any liabilities and expenses. The result is then divided by the total number of outstanding units the resultant value is the NAV per unit.

A mutual fund manager is responsible for implementing a fund's investing strategy and managing its portfolio trading activities. A mutual fund can be managed by one person.

Securities investment trust enterprise is the enterprise engaging in issuing beneficiary certificates for raising securities investment trust fund and using securities investment trust fund in the investment in securities and its related products.

Beneficiary certificate is a security which is issued by the securities investment trust enterprise for raising the securities investment trust fund.

The investor of a mutual fund.

A custodian bank is a financial institution responsible for holding and safeguarding the securities owned by a mutual fund.

Systematic investment plan is an investment strategy wherein an investor needs to invest the same amount of money in a particular mutual fund at every stipulated time period.
Investing in SIP enables an investor to benefit by buying more units when the NAV falls and fewer units when the NAV rises. This scheme helps reduce the average cost per unit of investment.

Redemption means selling of units of a mutual fund scheme.

Standard deviation (SD) measures the volatility the mutual fund's returns in relation to its average. It tells you how much the fund's return can deviate from the historical mean return of the scheme. If a mutual fund has a 12% average rate of return and a standard deviation of 4%, its return will range from 8-16%.

The Sharpe ratio was developed by Nobel laureate William F. Sharpe and is used to help investors understand the return of an investment compared to its risk. The ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk.