| Net Asset Value (NAV) |
| Net Asset Value is the market value of the assets of the scheme
minus its liabilities. The per unit NAV is the net asset value of
the scheme divided by the number of units outstanding on the Valuation
Date. |
| Sale Price |
| Is the price you pay when you invest in a scheme. Also called Offer
Price. It may include a sales load. |
| Repurchase Price |
| Is the price at which a close-ended scheme repurchases its units
and it may include a back-end load. This is also called Bid Price. |
| Redemption Price |
| Is the price at which open-ended schemes repurchase their units
and close-ended schemes redeem their units on maturity. Such prices
are NAV related. |
| Sales Load |
| Is a charge collected by a scheme when it sells the units. Also
called, ‘Front-end’ load. Schemes that do not charge a
load are called ‘No Load’ schemes. |
| Repurchase or ‘Back-end’Load |
| Is a charge collected by a scheme when it buys back the units from
the unitholders. |