NISM 5B Mutual Fund Foundation Certification Exam Notes
Page 15 Of 121
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Open-Ended Funds: These funds allow continuous buying and selling at NAV post-NFO.
Close-Ended Funds: These have a fixed maturity and are traded on exchanges at market prices.
Interval Funds: Combine features of open- and close-ended funds, open at specific intervals.
Exchange Traded Funds (ETFs): ETFs trade on stock exchanges like stocks, tracking specific indices.
Index Funds: These passively mirror an index, reducing management costs.
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