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What is the difference between an open-ended and close-ended scheme?

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Open-ended schemes can issue and redeem units any time during the life of the scheme while close-ended schemes cannot issue new units except in case of bonus or rights issue. Hence, the number of units of an open-ended scheme can fluctuate on a daily basis while that is not the case for close-ended schemes. Another way of explaining this difference is that new investors can join the scheme by directly applying to the mutual fund at applicable net asset value related prices in case of open-ended schemes while that is not the case in case of close-ended schemes, where new investors can buy the units from secondary market only

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

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  5. Birla Sun Life Tax Relief '96 Invest Online
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  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

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    1. Sector Funds Invest Online
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      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

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