what is open ended and close ended mutual funds?
Answers were Sorted based on User's Feedback
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.
Is This Answer Correct ? | 10 Yes | 1 No |
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.
Is This Answer Correct ? | 1 Yes | 2 No |
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
what is amortisation of intangible assets?
What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)
what experience you are having in payroll?
expand S T P
Expand W T O
Distinguish between liability and provisions?please explain it?
i m having interview in federal bank for the post of PO, as i hv cleared the written exam. Please tell me how to prepare for that interview?
1 Answers Federal Bank, State Bank Of India SBI,
Expand---------EDBC
What is Break Even Point?
what is CRR????? WHAT DO U MEAN BY CRR???
3 Answers State Bank Of India SBI,
How Many Type's of Cheques? with explanation and Examples?