The funds which has no fixed date of maturity and the units
can be sold or repurchased at any time is called as
A) Open ended fund
B) Closed ended fund
C) No load fund
D) Mutual fund
D) MUTUAT Tuna
(A)
(B)
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Answer:
A) Open ended fund
Step-by-step explanation:
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-end schemes is liquidity.
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