Sarfras

Top 50 Mutual Fund Abbreviations ( Full form & Explanation)

SIP – Systematic Investment Plan
A systematic investment plan is an investment vehicle offered by many mutual funds to investors, allowing them to invest small amounts periodically instead of lump sums.

NAV – Net Asset Value
The Net Asset Value represents the per-unit market value of all the assets of the mutual fund.

AUM – Assets Under Management
Assets Under Management refers to the total market value of the assets that a mutual fund manages on behalf of its investors.

ELSS – Equity Linked Savings Scheme
An Equity Linked Savings Scheme is a type of equity mutual fund that offers tax benefits under Section 80C of the Income Tax Act.

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