Which among the following is a correct statement about Open Ended Mutual Fund?
Which among the following is a correct statement about Open Ended Mutual Fund?
[A]It can be bought and sold any time
[B]It has fixed rates of returns
[C]It has fixed maturity
[D]None of them
It can be bought and sold any time
An open-ended fund is the one which is usually available from a mutual fund on an ongoing basis that is an investor can buy or sell as and when they intend to at a NAV-based price.