INVESTMENTS IN MUTUAL FUNDS - FAQs FAQs for Investors
continuous basis. These schemes do not have a fixed maturity period. Investors can conveniently buy and sell units at Net Asset Value (NAV) per unit which is declared on a daily basis. The key feature of open-end schemes is liquidity. Close-ended Fund/Scheme A close-ended fund or scheme has a stipulated maturity period e.g. 3-5 years. ................
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