A basic deposit account offered by banks for individuals to park funds safely while earning a modest interest rate
A detailed examination of an income tax return by the Income Tax Department under Section 143(3) when the return is selected for scrutiny. The taxpayer receives a notice and must provide supporting documents and explanations. Results in either acceptance of the return or addition to income with demand for additional tax.
Securities and Exchange Board of India — the statutory regulator for the securities market in India
A provision under the Income Tax Act allowing individuals and HUFs to claim deductions up to ₹1.5 lakh per year for investments and expenses including PPF
A provision allowing deduction for health insurance premiums paid for self
A mutual fund that invests exclusively in companies belonging to a specific sector such as banking
The benchmark stock market index of the Bombay Stock Exchange comprising the 30 largest and most actively traded companies in India. Introduced in 1986
State Goods and Services Tax — levied by the respective state government on intrastate supply of goods and services
A measure of risk-adjusted return that indicates how much excess return a mutual fund generates per unit of risk taken. Calculated by dividing the fund's excess return over the risk-free rate by its standard deviation. A higher Sharpe ratio means better return per unit of risk and indicates superior fund performance.
Selling shares that you do not own
Profit from selling a capital asset held for less than the prescribed long-term period. For listed equity shares and equity mutual funds held under 12 months
Government securities denominated in grams of gold issued by the RBI on behalf of the Government of India. Offer an annual interest of 2.5% on the issue price in addition to capital appreciation linked to gold prices. Held in demat form and redeemable after 8 years with full capital gains tax exemption on maturity.
A flat deduction of ₹50
A statistical measure of how much a mutual fund's returns fluctuate around its average return over a period. A higher standard deviation means greater volatility and risk. Used alongside Sharpe ratio to evaluate whether the returns justify the risk taken by the fund manager.
The percentage of a bank's net demand and time liabilities that must be maintained in the form of liquid assets such as cash
A corporate action where a company divides its existing shares into multiple shares
A pre-set instruction to automatically sell a stock when its price falls to a specified level
A unique 8 to 11 character alphanumeric code that identifies a specific bank and branch for international wire transfers. Stands for Society for Worldwide Interbank Financial Telecommunication. Required when sending or receiving money from abroad along with the recipient's account number and IBAN.
A method of investing a fixed amount in a mutual fund at regular intervals — weekly
A facility to transfer a fixed amount from one mutual fund scheme to another within the same fund house at regular intervals. Commonly used to move money from a liquid fund to an equity fund gradually
A facility that allows investors to withdraw a fixed amount from their mutual fund investment at regular intervals — monthly