Types of mutual funds

Posted on July 16, 2008. Filed under: ooolalah resource on Mutual Funds | Tags: Balanced Fund, close-ended scheme, Gilt Fund, Growth / Equity Oriented Scheme, Income / Debt Oriented Scheme, Money Market or Liquid Fund, Mutual Fund Schemes, open-ended scheme, types of mutual funds |

A mutual fund scheme are classified into open-ended scheme or close-ended scheme depending on its maturity period.
Open-ended Fund
An open-ended Mutual fund is one that is available for subscription and repurchase on a continuous basis. These Funds do not have a fixed maturity period. Investors can conveniently buy and sell units [...]