What are Open-Ended Funds/Schemes?

An Open-ended mutual fund schemes are available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period.

It allows investors to enter and exit the fund anytime after the NFO, whereas a close-ended fund restricts the entry and exit of investors to the NFO period. Moreover, unlike close-ended funds, open-ended funds do not have a limitation on the number of units they can issue.

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