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Jargon Buster

A B C D E F G H I K L M N O P R S T V Y Z
Management Fee

The fee charged against the expenses which fund incurs for the management of it's transactional and operational activities

Maturity

Maturity is a period after which the financial instrument is either renewed or it ceases to exist. The interest payment stops and the principal value is paid back.

Minimum Additional Amount

It is the minimum amount required by an individual to buy an unit in the mutual fund.

Money Market

It is a market where banks and other financial institutions trade in financial instruments of high liquidity and very short maturity period (less than 90 days to 1 year). This market is generally used by banks to meet their liquidity requirements.

Money market Instruments

Various money market instruments include treasury bills, commercial papers, certificates of deposit, bills of exchange, bankers' acceptances, repurchase agreements, short term debts and securities etc.