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Can you buy and sell open ended mutual fund anytime please suggest you?
Chowksir
Yes, open ended mutual fund work like a bank account.You can invest on any working day in any schemes you want to and you can take back the investment in part or full on any working day from most of the schemes within 72 hours.Where Reliance mutual fund provide the best information regarding buying and selling mutual fund.
Wiki User
∙ 11y ago
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Suggest some SBI mutual funds close ended ELSS?
SBI Magnum Tax Gain is a very good scheme from SBI Mutual Funds that is a close ended ELSS scheme
When did Washington Mutual end?
Washington Mutual ended in 2009.
When did Hunter Mutual end?
Hunter Mutual ended in 2010.
Can you only sell mutual funds at a cirtain time?
It depends on the mutul fund type. If it is an open ended fund, you can sell it anytime. You would have to incur the exit load the fund company may charge you for withdrawing your money. If it is a close ended fund, you cannot sell it anytime. You have to wait till your lock in period is over to sell your holdings
When did Mutual Broadcasting System end?
Mutual Broadcasting System ended in 1999.
Is a bank account an open ended account?
No, a bank account is not an open-ended account. A bank account is a closed-ended account, meaning that it has a fixed term or duration. An open-ended account, on the other hand, does not have a fixed term and can continue indefinitely.
Are open ended mutual funds listed on a stock exchange?
Both Open & Close ended Mutual Funds are not listed on a stock exchange. Only Exchange Traded Funds and stocks are listed in a stock exchange
What is different between open ended and closed ended mutal fund?
An open ended mutual fund is one where the investor can redeem his investment any time he feels appropriate whereas a close ended mutual fund is one where the investor has to wait until the lock in period is over to redeem his investment. Open ended funds are more liquid can close ended funds because of this.
Is mutual fund liquid asset?
Yes. open ended mutual funds can be considered liquid. You can convert it to cash within a couple of days.
Can you draw funds from a Mutal Fund?
If it is an open ended mutual fund - Yes, you can draw the funds
Can you sell mutual fund any time?
It depends on what type of funds you hold. If it is an open ended fund you can sell it anytime you want. If it is a close ended fund (with a lock-in period) you need to wait until the scheduled end date and then only sell the fund. Even in case of open ended funds, redeeming/selling the funds during the 1st year usually carries a penalty of around 1%. The actual penalty varies from fund to fund and from country to country.
How much money does it take to invest in a mutual fund?
It depends on the type of mutual fund you want to invest and also the fund house in which you want to invest your money. In majority of the cases the minimum amounts are as follows: a. One time Investment - Open ended Mutual Fund - Rs. 1000/- and multiples of Rs. 500/- thereafter b. Systematic Investment - Open ended Mutual Fund - Rs. 500/- and multiples of Rs. 250/- thereafter c. One time investment - Close ended Mutual Fund - Rs. 5000/- and multiples of Rs. 1000/- thereafter These numbers are approximate and may vary from fund house to fund house.
