NISM 10A Investment Adviser Level 1 Notes
Page 91 Of 181
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Investor Education: Understanding derivatives is critical to avoid significant losses.
Mutual Fund Definition: Pools investor money to invest in diversified securities.
Mutual Fund Features: Professional management, diversification, and liquidity.
Open-Ended Funds: Allow continuous buying/selling at NAV, offering high liquidity.
Close-Ended Funds: Fixed number of units, traded on exchanges, with limited redemption.
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