Options
- A
Via secondary market transactions, subject to limits
- B
Through redemptions with AMC, subject to limits
- C
Anytime redemption directly with AMC
-
Anytime with AMC, possibly with exit loads
Correct answer
Why this is the answer
Open-ended funds permit redemptions at any time directly through the AMC, with possible exit loads depending on the terms.
Test yourself for real
Take a full NISM Series X mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.