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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
NAV (net asset value)

NAV is the amount the investor pays to buy a single unit of mutual fund. NAV is calculated as : (Total value of all assets - Total liabilities) / Total outstanding shares.

No Load

A fund that does not charge any load when an investors enters or exits the fund.

Non-Performing Assets (NPA's)

NPA are assets which have stopped generating returns.