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What is meant by Open Ended Mutual Fund?

ended meant mutual fund
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What is meant by Open Ended Mutual Fund?

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An open-ended fund is one that is available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period. Investors can conveniently buy and sell units at Net Asset Value (NAV) related prices, which are declared on a daily basis. The key feature of open-ended schemes is liquidity.

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