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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.
What else can I help you with?
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
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 Washington Mutual end?
Washington Mutual ended in 2009.
When did Hunter Mutual end?
Hunter Mutual ended in 2010.
Is a bank account an open ended account?
Yes it is. Your bank account is your property and you can withdraw funds from them anytime you please. The deposit accepted by the banks is a liability on their part and they must return it, anytime the customer wishes to take them.
When did Mutual Broadcasting System end?
Mutual Broadcasting System ended in 1999.
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.
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
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 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.
Can you draw funds from a Mutal Fund?
If it is an open ended mutual fund - Yes, you can draw the funds
When did Number Please end?
Number Please ended on 1961-12-29.
