Guides
A growing collection of how-to guides and reference notes.
- Multi-cap mutual fund
Encyclopedic reference on multi-cap equity mutual funds in India: SEBI September 2020 mandatory 25-25-25 allocation rule across large-cap, mid-cap, and small-cap, benchmark NIFTY 500 Multicap 50:25:25, taxation, and exemplar schemes.
- Multi-cap fund vs flexi-cap fund in India
A factual comparison of SEBI-defined multi-cap and flexi-cap equity mutual fund categories in India, covering mandatory allocation rules, portfolio construction, risk profile, and investor suitability.
- Multi-asset allocation mutual fund
Encyclopedic reference on multi-asset allocation mutual funds in India: SEBI requirement for at least three asset classes with minimum 10% each, gold/silver/real estate/international equity inclusion, taxation, and comparison with balanced advantage funds.
- MSCI World Index as an Indian Mutual Fund Benchmark
The MSCI World Index is a free-float adjusted market capitalisation-weighted index covering large- and mid-cap equities across 23 developed market countries. It is used by Indian mutual fund feeder funds and fund-of-funds offering global developed market equity exposure, distinct from India's own domestic equity market.
- MSCI Emerging Markets Index
The MSCI Emerging Markets Index is a free-float adjusted market capitalisation-weighted index maintained by MSCI Inc. that covers large- and mid-cap equities across 24 emerging market countries. Indian mutual funds investing in foreign equities use it as the benchmark for emerging markets funds of funds.
- Motilal Oswal Mutual Fund
Motilal Oswal Mutual Fund is an Indian AMC sponsored by Motilal Oswal Financial Services, known for its QGLP quality-growth philosophy and concentrated equity funds.
- Monthly portfolio disclosure for mutual funds in India
Monthly portfolio disclosure is the SEBI-mandated publication of each mutual fund scheme's full portfolio of holdings as of the last working day of every month, including security name, quantity, market value, and percentage of NAV.
- Modified duration in debt mutual funds
Modified duration measures the price sensitivity of a bond or a debt mutual fund's portfolio to a 1 percentage point change in interest rates. A higher modified duration means the fund's NAV will move more sharply when interest rates change.
- MITRA (Mutual Fund Investment Tracing and Retrieval Assistant)
MITRA is an AMFI initiative allowing investors and legal heirs to trace and retrieve unclaimed or forgotten mutual fund folios in India using PAN or name-based search.
- MITRA (Mutual Fund Investment Tracing and Retrieval Assistant)
MITRA is an AMFI-operated portal that enables investors and their legal heirs to trace and retrieve dormant or unclaimed mutual fund folios across all AMCs and RTAs in India.
- Mirae Asset Mutual Fund
Mirae Asset Mutual Fund is the Indian AMC of South Korea's Mirae Asset group, managing Rs 2,29,930 crore (April 2026) across 69 schemes, CIO Neelesh Surana.
- Minor as MF investor
Reference on minors investing in Indian mutual funds through a guardian: SEBI eligibility rules, guardian types, KYC requirements, folio restrictions, SIP mechanics, and the mandatory re-KYC process on attaining majority.
- Milind Barve
Milind Barve is the former Managing Director and CEO of HDFC Asset Management Company Limited, who led the AMC from its founding in 1999 until his retirement in 2021, overseeing its growth into one of India's largest fund houses.
- Mihir Vora
Mihir Vora is the Chief Investment Officer of Trust Mutual Fund and a veteran Indian equity fund manager with prior senior roles at HDFC AMC, Max Life Insurance, and Standard Chartered AMC.
- Mid-cap mutual fund
Encyclopedic reference on mid-cap equity mutual funds in India: SEBI 2017 definition (101st-250th companies), 65% minimum allocation rule, benchmark indices, risk profile, taxation, and comparison with large-cap and small-cap categories.
- MFU account statement
The MFU (Mutual Fund Utilities) account statement is a transaction record issued by MFU India for investments placed through the MFU CAN platform, covering all AMC folios created or serviced via the MFU transaction channel.
- MF switch as a taxable event
Switching between mutual fund schemes, plans, or options is treated as a redemption from the source fund followed by a fresh purchase in the destination fund. Capital gains crystallise at the switch.
- MF Lite Framework and Passive-Only AMCs in India
SEBI's MF Lite regulatory framework for passive-only asset management companies, its reduced capital requirements, simplified governance structure, and its role in broadening competition and index product availability in India.
- Maximum drawdown in mutual funds
Maximum drawdown (MDD) is the largest peak-to-trough decline in a mutual fund's NAV during a specified period. It measures the worst-case loss an investor could have experienced if they bought at the peak and sold at the subsequent trough.
- Mark-to-market (MTM) for debt holdings in mutual funds
Reference on mark-to-market valuation of debt instruments in Indian mutual funds: methodology, SEBI mandate, impact on NAV, duration sensitivity, and comparison with amortisation.
- Madhusudan Kela
Madhusudan Kela is a veteran Indian equity investor and former Chief Investment Officer of Reliance Capital Asset Management (now Nippon India AMC), known for his mid-cap and small-cap stock-picking expertise.
- Macaulay duration in debt mutual funds
Macaulay duration is the weighted average time to receive all cash flows from a bond, measured in years, where the weights are the present values of each cash flow. SEBI uses Macaulay duration to define debt mutual fund categories.
- Lump-sum investing in mutual funds
Reference on lump-sum investing in Indian mutual funds: mechanics, applicable NAV, tax treatment, comparison with SIP and STP, and suitability considerations.
- LTCG on equity mutual funds (Section 112A)
Section 112A taxes long-term capital gains on equity-oriented mutual funds at 12.5% above Rs 1.25 lakh (Finance Act 2024). Grandfathering, no indexation, and carry-forward rules.
- Lock-in periods in mutual funds, ELSS, retirement, and children's funds
Certain mutual fund categories in India carry mandatory lock-in periods during which investors cannot redeem their units. ELSS funds have a 3-year lock-in; retirement funds carry a 5-year or retirement-age lock-in; children's funds have a 5-year or majority lock-in.
- Liquid mutual fund
Encyclopedic reference on liquid mutual funds in India: SEBI definition (debt instruments maturing up to 91 days), graded exit load, instant redemption, risk-o-meter, taxation under STCG/LTCG, and comparison with savings accounts and overnight funds.
- Liquid fund vs sweep-in FD
A factual comparison of liquid mutual funds and bank sweep-in fixed deposits for short-term cash parking in India, covering returns, liquidity, taxation, insurance, and operational differences.
- Liquid fund vs savings account
A factual comparison of liquid mutual funds and bank savings accounts in India for short-term cash parking, covering returns, liquidity, insurance, taxation, and minimum balance requirements.
- LIC Mutual Fund
LIC Mutual Fund is a public sector Indian AMC sponsored by Life Insurance Corporation of India, one of the original 1987-era mutual fund entrants.
- Large-cap mutual fund
Comprehensive reference on large-cap equity mutual funds in India: SEBI October 2017 categorisation rules, top-100 company mandate, asset allocation, taxation, benchmark indices, and comparison with mid-cap and flexi-cap categories.