A mutual fund investor is called a unit holder just as an investor in equity shares is called shareholder. The ownership of the fund is jointly held by all the unit holders. Just as investors in equity hold shares of a company, mutual fund investors hold units of the fund.

Entry load is a percentage of the NAV of the unit. 

For eg. If the Entry load is 1% and the NAV is Rs 100, than Re. 1 ( 1% of 100) is the entry load per unit

(SEBI has abolished entry load since 1st August 2009 from all mutual fund schemes)

Dividend is always declared on the face value of share.

Here the face value is Rs 100

Dividend declared : 20%

So 20% of  Rs. 100 = Rs 20

Investors can do part redemption.

The time stamp impression has to be affixed on a blank space in a document. Care is taken to ensure that the time stamping impression does not overwrite anything in the documents.

Since the time stamp impression is used for determining applicable NAV, it has to be clear, legible and readable.

The information for KYC is uploaded by the intermediary onto the system provided by a centralized agency called by the KYC Registration Agency (KRA). The KRA will maintain the information and make it available to the intermediaries.

AMCs specialise in investment management. They manage money for a fee, usually determined as a percentage of the Assets Under Management (AUM).

Exit load has the effect of reducing the redemption price for the investor.

Exit load is charged on the current NAV

2% of Rs 350 = Rs 7  (  2 X 350 / 100 )

Redemption Price = 350 - 7  =  Rs 343