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A closed end mutual fund is a mutual fund where the sponsor does not buy or sell additional shares after the original underwriting. The fund shares trade on exchanges like stocks and the price of the closed end fund moves based on demand and supply. Thus, one needs to find a stock broker to which the closed end fund shares can be transferred and then sold.
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What are closed end fund?
Close ended funds are mutual funds that have a lock-in period, i.e., you cannot redeem or sell your units before the date of maturity. Let us say you invest in a 5 year close ended fund today, you can sell it only in 2014.
What are closed-end funds?
Close ended funds are mutual funds that have a lock-in period, i.e., you cannot redeem or sell your units before the date of maturity. Let us say you invest in a 5 year close ended fund today, you can sell it only in 2014.
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.
What do you mean by mutual fund?
Mutual Fund is an open-ended fund operated by an investment company which raises money from shareholders and invests in a group of assets, in accordance with a stated set of objectives. Mutual funds raise money by selling shares of the fund to the public, much like any other type of company can sell stock in itself to the public.
Which is the best gold mutual fund for Indian market?
which is the best gold mutual fund in the Indian market? can we purchase and sell online gold mutual fund without any mediator and how?
What are closed end fund?
Close ended funds are mutual funds that have a lock-in period, i.e., you cannot redeem or sell your units before the date of maturity. Let us say you invest in a 5 year close ended fund today, you can sell it only in 2014.
What are closed-end funds?
Close ended funds are mutual funds that have a lock-in period, i.e., you cannot redeem or sell your units before the date of maturity. Let us say you invest in a 5 year close ended fund today, you can sell it only in 2014.
What do they sell in mutual fund stores?
Mutual Fund Products & Investment Advise.
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
Can you buy and sell open ended mutual fund anytime please suggest you?
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.
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.
What do you mean by mutual fund?
Mutual Fund is an open-ended fund operated by an investment company which raises money from shareholders and invests in a group of assets, in accordance with a stated set of objectives. Mutual funds raise money by selling shares of the fund to the public, much like any other type of company can sell stock in itself to the public.
Which is the best gold mutual fund for Indian market?
which is the best gold mutual fund in the Indian market? can we purchase and sell online gold mutual fund without any mediator and how?
A blank is invested by managers in a diversity of stocks bonds and other securities?
A fund invested by managers in a diversity of stock, bonds, and other securities is called a mutual fund. Most mutual funds are open-ended which means that stockholders may purchase or sell shares at any given time.stockholders can buy or sell shares of the fund at any time
What happens to money in a closed mutual fund?
In a closed mutual fund, once the fund reaches its predetermined number of shares, it is closed to new investors. Existing investors can buy or sell shares on the secondary market, but the fund itself does not issue new shares or redeem existing ones directly. The value of the fund's shares fluctuates based on its net asset value (NAV) and market demand, which can lead to shares trading at a premium or discount to NAV. Over time, the fund may distribute dividends or capital gains to investors, depending on its performance and investment strategy.
Does a mutual fund have an ISIN?
Yes, a mutual fund typically has an International Securities Identification Number (ISIN). The ISIN is a unique code that helps identify the fund in the financial markets, making it easier for investors to buy, sell, and track the fund. Each share class of the mutual fund may have its own distinct ISIN to differentiate between them.
How do you buy and sell mutual fund shares?
There are many ways of buying/selling mutual funds:By visiting the sales office of the fund house and submitting documentation to execute the buy/sell orderBy asking for a registered mutual fund agent to visit you and finish the formalities w.r.t buying or selling themBy logging into your online trading account and buying/selling online
