Financial Glossary

Asset allocation is distributing your investments across different asset classes (equity, debt, gold, real estate).

Strategies used to safeguard a person's wealth from claims of creditors, lawsuits, or other legal liabilities.

A levy on the transfer of the estate of a deceased person, calculated on the total net value of all assets.

The annual fee charged by a mutual fund to cover its management and operating costs, as a percentage of assets.

Insurance coverage that pays for medical, surgical, and sometimes dental expenses incurred by the insured.

A financial metric representing the present value of all future income a person is expected to earn.

A lump sum investment means deploying a large amount of money into a mutual fund or other instrument all at once.

A process where an asset holder authorizes a nominee to receive the asset in the event of the holder's death.

Portfolio Management Services (PMS) is a professional service where a manager constructs a custom portfolio of stocks.

A Systematic Investment Plan (SIP) is a method of investing a fixed amount in a mutual fund at regular intervals.

The process of identifying and preparing individuals to take over ownership roles in a business or estate.

A pure life insurance product that provides coverage for a specific period (term), paying a death benefit to beneficiaries.

A fiduciary arrangement that allows a third party (trustee) to hold and manage assets on behalf of beneficiaries.

A legal document that sets forth your wishes regarding the distribution of your property after death.