A method of transferring payments electronically between the bank accounts of the payer and payee.

A mutual fund whose primary investment objective is growth. The fund would invest in growth oriented securities such as common shares, with growth potential.

See Risk.

The stated value of a common share/ unit used for accounting purposes only. The face value is no indication of the current market price of a security. Face value is also referred to as the par value, par, principal amount or denomination.

A group of mutual funds managed by the same mutual fund management company.

An individual or organization placed in a position of trust, acting on behalf of another individual, responsible for holding and/or administrating the assets owned by another individual. Examples of a fiduciary include salespersons, trustees, administrators and guardians.

A registered representative in a jurisdiction, who is licensed to provide investors advice on their choice of investments. See Salesperson.

A professional advisor who assesses an individual's current financial situation, helps the individual identify short and long-term financial goals, and develops strategies to help the individual achieve his or her goals.

The federal government's use of expenditures and taxes to influence the growth of the economy. Broadly determined by the size of the annual budgetary deficit or surplus.

Securities (usually bonds or debentures or preferred shares) which have rates that change with changes in the interest rate. The floating rate is generally based on the prime lending rate or the average treasury bill yield over a specific period.

An instrument, which allows the holder to make or take delivery of an asset or security at some future date and at an agreed-upon price. Also known as a forward contract. See Futures Contract.

The use of the next valuation date for purposes of pricing purchases and redemptions of a mutual fund.

See Sales Charge

Exchange-traded contracts that obligates the buyer to buy and receive, or obligates the seller to sell and deliver, a specified amount of a commodity or asset at an agreed-upon price at a future date. Profits and losses are settled daily (mark-to-market) between the two parties rather than being settled when the contract is exercised. Also known as a future.

Strategy designed to reduce a portfolio's exposure to adverse price movements in securities, interest rates and foreign currency. It is designed to offset investment risk.

Means anything prohibited by the Shariah.

Earnings made from an investment in the form of interest or dividend income.

A mutual fund whose primary investment objective is regular income. Examples include money market funds, mortgage funds, bond funds and dividend funds.

A financial statement issued by a company showing its revenues and expenses over a given period of time, usually a year, resulting in either a profit or a loss.

A director of an investment fund who is not a partner, officer, director, employee or shareholder of its underwriter or investment advisor.

The general rise in the price of goods and services in the economy.

The minimum initial investment for all the Atlas Funds is Rs. 5,000.

Means the price per Unit during the initial offering period determined by the Management Company.

The first public issues of shares by a corporation that has not previously traded publicly in the financial markets.

An organization, often a collection of professional investors, whose primary objective is to invest its own capital (assets) or that of those whose interest it represents. It generally buys and sells in large volumes. Examples include pension funds, investment companies, banks and life insurance companies.

A term used to describe securities or investments.

Payments made by a borrower to lenders for the use of their money for a period of time.

Income earned on fixed-income investments treated as ordinary earned income and taxed fully at an individual's marginal tax rate.

The investment goal of an investor. The three primary investment objectives of an investor are safety, income and growth. Two secondary investment objectives are tax minimization and liquidity.

An individual whose principal concern is to invest in an asset or security or set of securities with minimal risk.

Means a distinct account being maintained in the name of each Participant with the Pension Fund Manager to record his investments and the Units of Sub-Funds as issued there against including appreciations thereof.

An account owned by two or more persons.

The use of previous valuation date for purpose of pricing, purchases and redemptions of mutual funds.

Refers to borrowing funds to purchase a security in order to magnify returns.

Claims made by creditors against a corporation. Liabilities include those due and payable within the year, known as current liabilities (including accounts payable, taxes payable) and those payable after one year, referred to as long-term liabilities (including bonds, bank loans and mortgages).

The owners of a corporation are responsible only for the amount they paid for their shares in a corporation. They are not personally responsible for any unpaid debts accumulated by the corporation.

The sale value of an asset.

(1) The ease with which an investment can be sold or pledged for cash. (2) The ability of a given market to absorb a reasonable amount of buying and selling of securities at reasonable price changes. (3) A company's cash position: the amount of current assets in relation to its current liabilities.

The commission or cost of acquiring a mutual fund. See Sales Charge.

A bond maturing in ten years or more.

Liabilities that are due in more than one year.

The sale of an asset at a price lower than the original price or the deficit recorded when expenditures exceed the revenue of a company.

The amount paid by the fund directly to the management company for providing portfolio management, day-to-day and administrative services to a fund. The fee is calculated as a percentage of the average assets being managed annually.

Tool used to identify trends in the securities market.

The last reported price at which a security was sold on an exchange.

See Risk.

Date on which the principal amount of a note, acceptance paper, bond, debenture or other debt instrument becomes due and payable.

The market that brings together buyers and sellers of debt instruments that have a term-to-maturity of less than one year. These include treasury bills, commercial paper, finance paper, bankers' acceptances, as well as government debt obligations maturing in three years or less.