7. Duration & Immunisation Duration - Weighted Average life of bond which considers the size and timing of each cash flow. Immunisation – Matching Price risk & Reinvestment risk Match the investment period with the duration
8. Mutual Funds Organisation Structure Sponsor Mutual Fund Trust Trustee AMC Custodian Registrars & Transfer Agents
23. Calculating NAV NAV = (Market value of investment + Receivables + Accrued Income – Liabilities – Accrued Expenses) / Number of units outstanding
24. Derivatives – Forwards & Futures An Agreement to buy or sell at a predetermined price at a future date. Forward Vs Future Futures Clearing House Margins Mark-to-market Price limits
25. Futures Equity Index Interest rate Foreign Exchange Commodities