Mutual funds are generally categorized into 2 categories i.e. open ended and close ended funds. However, there are key differences between these two types, so investors should be aware that while open ended funds can be purchased or sold at any point of time implying enough flexibility in nature, close ended funds have a lock-in period until maturity and can only be purchased during the launch of new fund offer periods (NFO) and redeemed at the end of the tenure of the fund.
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