05-04-2010, 09:44 PM
Dear,
Open end fund offers its unit holders to take there share in net assets of the fund frequently, as NIT unit prices are daily quoted and public purchase the units as well existing members may redeem its units any time.
In closed end fund such continuous redemption of certificate is not offered
Open end fund offers its unit holders to take there share in net assets of the fund frequently, as NIT unit prices are daily quoted and public purchase the units as well existing members may redeem its units any time.
In closed end fund such continuous redemption of certificate is not offered
