Mutual Fund Schemes
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 September 2010
Hello Experts
Pls explain the meaning of the terms
'Open ended ' and 'closed ended' What is the difference ?
in Mutual Fund units
Cheers
Pls explain the meaning of the terms
'Open ended ' and 'closed ended' What is the difference ?
in Mutual Fund units
Cheers
28 September 2010
Open-ended schemes do not have a fixed maturity period. Investors can buy or sell units at NAV-related prices from and to the mutual fund on any business day.
There is no cap on the amount you can buy from the fund and the unit capital can keep growing.
Any time entry & exit option.
Close ended schemes
Close-ended schemes have fixed maturity periods.
Investors can buy into these funds during the period when these funds are open in the initial issue.
There is no cap on the amount you can buy from the fund and the unit capital can keep growing.
Any time entry & exit option.
Close ended schemes
Close-ended schemes have fixed maturity periods.
Investors can buy into these funds during the period when these funds are open in the initial issue.
CMA Amit Varma
(Expert)
30 September 2010
moreover closed ended funds r 4 some specified period of time like 3-5 years where as open ended funds r continusly traded in d open market.
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