FUNDS EMPLOYED Definition

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FUNDS EMPLOYED, normally, is the average of Net Working Capital plus Fixed Assets held at the beginning and end of the financial year.

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INVERSE is the opposite or reverse. An inverse relationship between two variables means that when one increases the other decreases.

CUSTODIAN BANK is the bank that acts a custodian to a mutual fund. Does not manage anything, just holds the cash and securities and does the clerical.

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