Absolute return
Absolute return measures the performance of a fund over two points in time, of any length. However, this method fails to account for time, making it less impactful to know returns over a longer period.
Advisor
An advisor is a certified professional who provides financial advice to investors. They analyze various mutual fund schemes and suggest suitable funds for investment based on the investor’s financial goals, risk appetite, and investment horizon, Often spelled "adviser".
Advisory Fee
A fee is paid to mutual fund managers for their services including fund administration and investor relations.