With open ended funds like mutual funds buying and selling transactions can be carried out any given day and one can start expecting returns within 3 days or so.
Shut end funds can exchange at values that are above or underneath their NAV,
while open end funds just exchange at their finish of day NAV.
They are much more liquid than individual muni bonds, but you can not simply buy or sell all you want as you can
with open end funds.
The Open end funds are the more liquid assets that you can transact in the market.
I feel
the open ended fund (ultra short term) would be a better option, though.
Reliance Retirement fund, pension scheme is a fund which can be invested in anytime, subscribed for and repurchased constantly that is without any interruption and with no tied up maturity period it is also known as
an open ended fund.
Kotak Gold Fund of Fund is
an open ended fund of fund scheme.
Most of the funds out there are
open end funds.
When you buy and sell
your open end fund shares, you'll always get the market value for those shares.
Most mutual funds are
open end funds.
I remember a study done by Morningstar, where the difference between Time and Dollar - weighted returns was 3 % / year on the S&P 500
open end fund for Vanguard, 1996 - 2006.
Kotak Asset Allocator Fund is
an open ended fund of funds scheme.
Kotak Gold Fund is
an open ended Fund of Funds Scheme.
For example, closed end funds are much less common than
open end funds.
You wil come across the two main types of mutual funds: Closed End Funds and
Open End Funds.