Liquidity is an important feature that we want in our investments. We may or may not need the money prematurely, but we want to know if and how soon we can get our money back from our investments, say, mutual funds (MF). Typically, your MF scheme would be an open-ended one, where you can enter and exit anytime. But sometimes, your withdrawals are restricted. That depends on whether your scheme is a closed-end one or has a lock-in.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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