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BASIC CLASSIFICATION OF MUTUAL FUNDS (MF)

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DIFFERENCE BETWEEN OPEN – ENDED & CLOSE – ENDED MUTUAL FUNDS

Open – ended Mutual Funds

Fixed Corpus: Variable corpus (total fund)

Listing: Not required 

Liquidity: Always liquid

NAV: Disclosed at the end of day

Opening: Always open

Close – ended Mutual Funds

Fixed Corpus: Fixed corpus (total fund)

Listing: Listing is mandatory

Liquidity: After expiry of the maturity period

NAV: Market Trading Price

Opening: Only for limited period

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