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Financial Terms

Growth Fund

It is one of the three types of mutual funds, the other two being Income Funds and Balanced Funds.

A Growth Fund is a type of mutual fund that is designed to generate capital appreciation for investors by investing their money in a diverse range of stocks. This fund is one of the three main categories of mutual funds, alongside Income Funds and Balanced Funds. Growth Funds offer investors the opportunity to participate in the potential growth of various companies, making them a popular choice for those seeking long-term investment goals. They are typically more volatile than other types of funds, but also have the potential for higher returns.

Indirect Tax

Indirect taxes are levied on goods and services by the government, and are collected by either the manufacturer or retailer in the supply chain. These taxes, such as the Goo...

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KRA

The KYC Registration Agency, also known as KRA, holds a comprehensive database of KYC information within the securities market. This database is regulated by the Securities ...

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Customs duty

A duty, also known as a tariff, is a tax that is charged on goods imported into or exported out of a country. These duties are typically paid by the importer and exporter, a...

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Annualized Premium

It is calculated by multiplying the monthly premium by 12 for yearly payments or by multiplying the quarterly premium by four for quarterly payments. As we delve deeper into t...

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