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Glossary

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L
  • Load A charge is levied by the fund when an investor purchase (entry load) or sells (exit load) units in the fund.
  • Lock-in Lock-in indicates a freeze on the shares. SEBI (DIP) Guidelines have stipulated Lock-in requirements on shares of promoters mainly to ensure that the promoters, who control the company, shall continue to hold some minimum percentage in the company after the public issue. The requirements are detailed in Chapter IV of DIP guidelines.
  • Long An open "bought" position.
  • Lot One equity options contract. In case of Nifty Index, the lot size is 100 Nifty.