March 25, 2014 1:18 pm
Kindly provide the difference between the above 2 types of Mutual fund products . Does it have any significance with respect to listing in stock exchanges .
Sorry for my earlier reply.
This was new information for me. Thank you Ashal and Suniraj.
Dear Suniraj, closed ended funds are listed on stock exchanges but redemption ‘ll be at discount than your regular NAV.
There is some gap. There is no need for MF to be listed on exchange. They are not traded. They are bought from the AMC and sold to them(redeem).
ETFs are the one which are listed on exchange. They can be bought from primary or secondary market.
Open ended MFs are the one which do not have any maturity date. You can keep it as long as you want.
Closed ended MFs come with maturity date.
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