YUNOVA · Mutual Funds
Module 12: Advanced Products
International funds aur fund of funds
Key points
- International funds invest in companies listed outside India.
- A fund of funds invests in other mutual funds instead of stocks directly.
- Returns also depend on currency movement against the rupee.
Debt fund mein modified duration aur YTM
Key points
- Modified duration shows how much a bond fund's value changes when interest rates move.
- Higher duration means bigger price swings when rates change.
- YTM is the portfolio's yield if bonds are held to maturity, before expenses.
Arbitrage fund kaise kaam karta hai
Key points
- Arbitrage funds buy in the cash market and sell in the futures market together.
- They earn the price difference between the two markets.
- For tax they are treated as equity funds.
Specialised Investment Fund aur PMS mein farak
Key points
- A Specialised Investment Fund (SIF) is a SEBI category between mutual funds and PMS.
- SIF needs a minimum investment of Rs 10 lakh; PMS needs Rs 50 lakh.
- PMS holds stocks in your own name; a SIF pools money like a mutual fund.