What Is Open Ended Mutual Fund Definition And Meaning
When the units are sold and redeemed at any time on-going basis at the price determined by the funds Net Assets Value (NAV) is called as open ended mutual fund. These mutual fund has no fixed maturity periods.
There is no ceilling on the amount invested by the investors in these funds, and they can sell the units back to mutual funds whenever they decide. Net Assets Value of the mutual fund is calculated by the following formula:
Net asset value of the unit = Net assets value of fund / Number of outstanding units
When the units are sold and redeemed at any time on-going basis at the price determined by the funds Net Assets Value (NAV) is called as open ended mutual fund. These mutual fund has no fixed maturity periods.
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There is no ceilling on the amount invested by the investors in these funds, and they can sell the units back to mutual funds whenever they decide. Net Assets Value of the mutual fund is calculated by the following formula:
Net asset value of the unit = Net assets value of fund / Number of outstanding units
What Is Open Ended Mutual Fund Definition And Meaning
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