2. Types of MF by Structure
By structure, MF can be divided as the
following types
Open ended schemes
Closed ended schemes
Interval schemes
3. Types of MF by Structure
Open ended schemes
These schemes don’t have a fixed maturity
period.
We can buy or sell the units at any time of
the year.
We can take out our money whenever we
want. i.e. Liquidity.
4. Types of MF by Structure
Closed ended schemes
These schemes come with fixed maturity
period.
We can invest in these schemes only at the
time of initial issues called NFO.
We can sell the units only at a specified
maturity date.
5. Types of MF by Structure
Interval schemes
These schemes combine the feature of both
the above schemes.
We can buy or sell the units at the pre-
determined intervals.
These schemes are listed on the stock
exchange.
