
What is a
Mutual Fund?
Mutual Fund is a trust that pools the savings of a number of
investors who share a common financial goal. Each scheme of a mutual fund can
have different character and objectives. Mutual funds issue units to the
investors, which represent an equitable right in the assets of the mutual fund.
What is the
difference between an open ended and close ended scheme?
Open ended funds can issue and redeem units any time during
the life of the scheme while close ended funds can not issue new units except
in case of bonus or rights issue. Hence, unit capital of open ended funds can
fluctuate on...