n NISM Certifications
MF MF Foundations
Medium

In an open-ended mutual fund scheme, investors can

Practice question from Concepts & Role of a Mutual Funds Test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Buy and sell units only during the New Fund Offer (NFO) period.

  2. Buy and sell units on any business day.

    Correct answer

  3. C

    Buy units only during the NFO but cannot sell them back to the fund.

  4. D

    Sell units only after a lock-in period.

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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