Index funds
Passive funds not traded on stock exchanges, expected to offer a return in line with the market because they invest in a portfolio mimicking a market index — the same securities in the exact weightages allotted to each.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series II-B← All terms