The Electronic Payment Scheme for Shares is a payment scheme that allows investors to do a fund transfer payment via the ATM or Internet banking for purchase of their shares or unit trust.
The part of a company’s capital which is owned by its shareholders; shares
ETFs track indices, a commodity, bonds, or a basket of assets like an index fund. The main difference between mutual funds and ETFs is that ETFs are traded on an exchange, similar to how stocks are traded on the stock exchange. ETFs typically have higher liquidity and lower fees than mutual fund shares.
An expense ratio is the percentage of a mutual fund’s or variable annuity’s total assets deducted to cover operating and management expenses.