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Is the purchase and redemption in case of open-ended funds done at the NAV?

April 26, 2017Case funds NAV open-ended purchase redemption

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Is the purchase and redemption in case of open-ended funds done at the NAV?

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Generally every fund levies either an entry load or an exit load or both to provide for administrative and other routine costs. The purchase price will be higher than the NAV to the extent of the entry load and the redemption price will be lower than the NAV to the extent of the exit load.