L

• • Liquid Fund
  • A liquid fund is a type of mutual fund that invests in securities with a residual maturity of up to 91 days.
• • Low Load Fund
  • A low load fund has a lower sales charge when you buy your shares or units, a lower redemption fee when you sell them, and no-load funds.
• • Long-term Capital Gain
  • Long-term capital gain refers to capital gains realized on a mutual fund investment held for an extended period.
• • Large cap fund
  • Large-cap funds are equity funds that invest primarily in the top companies with a large market capitalization.
• • Liquidity Risk
  • Liquidity risk refers to the difficulty of redeeming an investment without incurring a loss in the value of the fund.
• • Lock-up Period
  • The lock-up period is a specific duration during which a mutual fund investment cannot be redeemed, withdrawn, or sold.
• • Load-Adjusted Return
  • Load-adjusted return refers to the amount of an actual return an investor receives after accounting for fees and sales charges deducted from the mutual fund scheme.
• • Load-waived fund
  • Load-waived funds are a share class of a mutual fund that waives load fees charged to investors.
• • Leveraged ETF
  • A leveraged ETF is a mutual fund that employs financial leverage strategies to maximize investment gains.
• • Load fee
  • A load fee is a charge or fee levied on investors while buying or selling mutual funds.
• • Load-Adjusted NAV
  • Load-adjusted NAV refers to the net asset value of the fund’s shares after accounting for any sales charges or loads.
• • Load spread
  • Load spread refers to taking periodic deductions from mutual fund holders rather than imposing a larger one-time front-end or back-end load.
• • Liquidation Preference
  • Liquidity preference is a theory that attempts to explain the relationship between liquidity, interest rates, and economic stability.
• • Long Bond
  • A long bond is a bond fund that has the longest maturity. Usually, it is paid back in more than 10-15 years.
• • Launch Date
  • Launch date refers to when the fund was opened for investors for the first time.
• • Liquidity
  • Liquidity refers to the time and cost it takes to convert a mutual fund investment into cash.