Unit Linked Fund definition

Unit Linked Fund means the pool of the premiums paid by the Policyholders and invested in a portfolio of assets to achieve the fund(s) objective. The price of each unit in a fund depends on how the investments in the fund perform. The fund is managed by the Company.
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Unit Linked Fund means a separately identifiable investment linked fund set up and managed by us for the purpose of achieving the objectives of the fund. The Unit Linked Funds available under the Policy as specified in Part E.
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Unit Linked Fund means a Fund which we make available for your Policy which is divided into Units as described in Condition 3.1.2.
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Examples of Unit Linked Fund in a sentence

  • The unit price of a Unit Linked Fund may fluctuate up or down based on the investment performance of the Fund.

  • The unit price is the net asset value per unit of a Unit Linked Fund, adjusted for the purpose of allocation or redemption.

  • The Company in its sole discretion may establish a new Unit Linked Fund or close any of the existing Unit Linked Funds with the prior approval of the IRDA.

  • Each Unit Linked Fund is referenced to separate and identifiable assets of the Company and has a different risk-return profile and asset-allocation pattern.

  • The Company will not charge any Switching Charges for any such Unit Linked Fund closure.

  • Net Asset Value (NAV) for each Unit Linked Fund offered by the Company is computed on a daily basis, i.e., on every Business Day.

  • The Unit Linked Fund intends to adopt a relatively balanced approach towards bonds and equities exposure with the objective of achieving capital appreciation with minimal short-term performance volatility.

  • The Net Asset Value would be calculated as: (Market value of investments +/- expenses incurred + current assets + accrued income - current liabilities and provisions – Fund Management Charge) / (Number of outstanding Units under the relevant Unit Linked Fund) The Net Asset Value would be rounded up to four decimal places.

  • The Company shall make all decisions pertaining to selection and/or valuation of the assets to which a Unit Linked Fund is referenced subject to regulatory guidelines.

  • This Unit Linked Fund will invest in listed equities and high quality fixed income securities, government bonds, and infrastructure bonds and cash deposits in India.

Related to Unit Linked Fund

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations Pooled Fund Manager means such officer of the Host Partner which includes a Section 113 Officer for the relevant Pooled Fund established under an Individual Scheme as is nominated by the Host Partner from time to time to manage the Pooled Fund in accordance with Clause 8.2. Provider means a provider of any Services commissioned under the arrangements set out in this Agreement.

  • Managed Fund means any Reportable Fund for which the Firm serves as an Investment Adviser or Sub-Adviser.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Local fund means any of the local retirement funds for

  • Restricted Fund means a fund in which the use of the principal or principal and income is restricted by agreement with, or direction by, the donor to a specific purpose. Restricted fund does not include a fund over which the owner has complete control. The owner is deemed to have complete control over a fund that is to be used for general operating or building purposes.