At what price can investors buy or sell units of an open-ended fund after the New Fund Offer?
A
The NAV of the mutual fund units
B
The New Fund Offer (NFO) price
C
The face value
D
The monthly average price
Correct Option:
A
Explanation
After the New Fund Offer (NFO) closes, an open-ended mutual fund remains open for subscriptions and redemptions. Investors buy and redeem units at the applicable Net Asset Value (NAV), subject to any applicable load.
