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Options
- A
They are close-ended and traded on exchanges
- B
They are open-ended with no restrictions
- C
They can only be bought during NFO and locked for full tenure
-
They have a lock-in period of 5 years
Correct answer
Why this is the answer
SEBI mandates that solution-oriented schemes such as retirement and children’s funds have a lock-in of at least five years or until the specified event occurs, limiting liquidity during this period.
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