Are closed end schemes always closed for buying?
All is not lost if you missed out on units of a closed scheme. After the initial issue, you can buy or sell units of the scheme on the stock exchanges where they are listed (certain Mutual Funds however, in order to provide investors with an exit route on a periodic basis do repurchase units at NAV related prices). The market price of the units could vary from the NAV of the scheme due to demand and supply factors, investors’ expectations and other market factors.
