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What are closed-end funds?

In: Mutual Funds [Edit categories]

Answer:

Close ended funds are mutual funds that have a lock-in period, i.e., you cannot redeem or sell your units before the date of maturity.

Let us say you invest in a 5 year close ended fund today, you can sell it only in 2014.

First answer by Anandvijayakumar. Last edit by Anandvijayakumar. Contributor trust: 783 [recommend contributor ]. Question popularity: 1 [recommend question].

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