what is open ended and close ended mutual funds?
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Answer / vaishali
open ended - we can redeem this mutual fund type at any
time according to our convinience because it is open ended.
close ended - This mutual fund type is for tax benefit so
it is for some fixed time period i.e. for 3 years. so we
can not redeem it maximum for 3 years.
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Open-end fund
The term mutual fund is the common name for an open-end
investment company. Being open-ended means that, at the end
of every day, the fund issues new shares to investors and
buys back shares from investors wishing to leave the fund.
A closed-end fund is a publicly traded investment company
that raises a fixed amount of capital through an initial
public offering (IPO). The fund is then structured, listed
and traded like a stock on a stock exchange.
Also known as a "closed-end investment" or "closed-end
mutual fund."
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / rajesh
open ended: open ended schemes offers the investors to
withdraw the money whenever they want.
close ended: close ended schemes doesnot offers the
investor to withdraw the money whenever they want. these
funds have fixed maturity period.
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