What is the difference between an open-ended and close-ended scheme? – InterviewSolution

1.	What is the difference between an open-ended and close-ended scheme?
Answer» OPEN ENDED scheme - It is a collective investment scheme that can issue and redeem share at any time.The INVESTOR can purchase the shares in the fund from the fund itself . Close ended scheme - Here no new investor can enter in the middle and the EXISTING investor cannot exit TILL the scheme period gets over

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