Tag: open-ended funds

What are the different types of mutual fund schemes?

Mutual funds, in general, can be classified as open-ended schemes and close-ended schemes. We shall explore the detailed classification below. Schemes according to Maturity Period: A mutual fund scheme can be classified into open-ended scheme or close-ended scheme depending on its maturity period. Open-ended Mutual Fund/Scheme An open-ended fund or scheme is one that is