Open- End Funds

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Abstract:

Open- End Funds in India is a kind of mutual fund that can be sold and purchased all through out the year. Open- End Funds in India have no fixed date of maturity. The investors buy and sell Open- End Funds in India at related prices of Net Asset Value (NAV).

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A glance at Mutual fund in India:

Mutual fund in India is a kind of trust that collects the investment of many investors all of whom have the same financial aim. The money that is collected is invested in instruments of the capital market like debentures, bonds, shares, and other kinds of securities.

The income that is generated through the capital appreciation and also through the investments is then distributed among the unit holders on the basis of the amount of units that they hold. Mutual fund in India allows the ordinary man to make investments in diversified securities at comparatively less cost.

An overview of Open- End Funds in India:

Open- End Funds in India is such that the investors can sell as well as buy all through out the year. The investors sell and buy units of Open- End Funds in India at the related prices of Net Asset Value (NAV) each day. An investor can buy Open- End Funds in India either from a brokerage house or through the mutual fund company. Open- End Funds in India have no fixed date of maturity. The main advantage of Open- End Funds in India is that it offers liquidity to the investors for they can sell the units whenever they need the money.

Major Open- End Funds in India are:

  • UTI Gold Exchange Traded Fund
  • Standard Chartered Premier Equity Fund
  • Sahara Mid- Cap Fund
  • Lotus India Tax Plan
  • Reliance Tax Saver (ELSS) Fund
  • Canara Robeco Equity Tax Saver- 93
  • DSP Merrill Lynch Tax Saver Fund
  • Tata Life Sciences and Technology Fund
  • JM Arbitrage Advantage Fund
  • Kotak Gold ETF

To knoe more about Classification of Mutual Funds click on the following links:



Last Updated 06/30/2011

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