Mutual funds involve share dividends, bond interest, and capital gains when investments are sold at a profit. All of these forms of income are added to the fund’s value and the net value per share reflects this on a daily basis. The net value of mutual funds and pooled funds often drops at the end of the year because managers remit a portion of the profits earned during the year to investors in the form of what we call distributions.

Value Line uses a dual Ranking System whereby each fund receives an Overall Rank, measuring various performance criteria taking risk into account, and a Risk rank, to show the total level of risk the fund has assumed. Overall Ranks are calculated separately for each of three broad categories: equity and partial-equity funds, taxable fixed-income funds, and municipal bond (tax-free) funds.

To invest through NetBanking Log onto www.hdfcbank.com or dial 1-800-22-1006 (toll free) & 022 - 2856 1818 - Dial #6 to invest through PhoneBanking.

a shareholder, you own a certain number of fund shares, depending on how much money you've invested in the Fund. You will receive your portion of the gains or have reduction from any losses the Fund experiences over time.

No. Value Line is not compensated by the mutual fund companies that sponsor the funds that we review. This allows us to be totally objective in our analysis. Value Line prides itself on its role as the champion of the individual investor. Receiving any type of payment from a fund family would diminish our ability to help you, the investor. Yes. Although this is not a regular occurrence, there are often situations which require a change in our coverage.

Only Mutual Funds that are bought (purchased) through the Investment Services Account can be redeemed through this service. Click on the redemption link and then select the Investment Services Account No. from the drop down and the Mutual Fund that you want to redeem. Select the Scheme name and the Amount or number of units of redemption in the next screen keeping in mind the minimum transaction amount.

A mutual fund is not a fixed income product, the performance of a fund is based on the performance of the assets held by the fund. If the assets of the fund's portfolio decline in value, the mutual fund investment also loses value. While the previous year's performance is an indicator of the quality of the fund's management, it is not a guarantee of future returns.

We continuously monitor all the funds in our portfolio to ensure that they continually maintain our strict standards. Material change in any of the 39 criteria we use to screen managers and their funds can trigger the sale of that fund. For example, if the manager is bought out by another fund (as frequently happens), that is potential grounds to sell the fund.

Every two weeks you receive both the Index and the Ratings&Reports sections. Many investors overlook the Index, instead focusing on a fund's full-page coverage. Although reading our analysis of a fund is important, our Index may provide more up to date information than the pages. Indeed, a fund's NAV, dividend yield, and performance history are updated each month. Further, we update every fund's Overall Rank, providing arrows next to those whose rank has recently moved up or down.

The securities in a UIT are professionally selected to meet a stated investment objective, such as growth, income, or capital appreciation. UITs employ a "buy-and-hold" investment strategy: once the trust's portfolio is selected, its securities typically will not be sold or new ones bought, unlike mutual funds.

A mutual fund is a trust that pools the money of several investors and manages investments on their behalf. Legally it is like any other company you know of. Hence, the fund is also called a mutual fund company. The fund company takes your money and like you from other new investors. This is added to the money that's already invested with the fund. Some investors see asset size as an indicator of popularity. A scheme with large assets could be subscribed to by large number of unitholders.