NISM Series 12 Securities Markets Foundation Certification Exam Notes
Page 71 Of 93
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Dividend Option: Renamed as IDCW (Income Distribution cum Capital Withdrawal).
Growth Option: Reinvests earnings for capital appreciation.
Redemption Process: Investors redeem units at NAV, subject to exit loads.
Switch Transactions: Allow moving investments between fund schemes.
Liquidity in Funds: Open-ended funds offer daily liquidity at NAV.
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