BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following is the situation when the units of a close-ended fund can be bought?
|
|
At the launch
|
|
|
At any time
|
|
|
At redemption
|
|
|
Depends upon the fund type.
|
Explanation:
Detailed explanation-1: -During the launch or New Fund Offer (NFO) period, investors can invest in units of a close-ended mutual fund. After which, the units are listed on the stock exchange and can be traded like regular stocks. Once the NFO period closes, the units of a close-ended mutual fund can no longer be purchased or redeemed.
There is 1 question to complete.