Question
5 of
10
Question Palette
In an open-ended mutual fund scheme, investors can:
A
Buy and sell units only during the New Fund Offer (NFO) period.
B
Buy and sell units on any business day.
C
Buy units only during the NFO but cannot sell them back to the fund.
D
Sell units only after a lock-in period.
Correct Option:
B
Explanation
Open-ended mutual fund schemes allow investors to purchase and redeem units from the fund at the applicable Net Asset Value (NAV) on any business day.
