An open-end fund is one that is available for subscription all through the year and investors can buy and sell units at Net Asset Value (NAV) related prices. Compared to this, closed-ended funds are those that have a limited time period when they are open to subscription. The risk involved between these two types of funds hinges on liquidity. While open-ended funds are highly liquid, as per stipulated Sebi regulations; closed-ended schemes have to offer an exit route to investors, which is in the form of the AMC buying back units or the units being listed on the stock exchange for investors to buy or sell. You should look at starting with an open-ended fund scheme to invest.
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Also, know how to buy mutual funds online:
Invest in DSP BlackRock Mutual Funds Online
Invest in Reliance Mutual Funds Online
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Invest in Sundaram Mutual Funds Online
Invest in Birla Sunlife Mutual Funds Online
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Invest in SBI Mutual Funds Online
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Invest in IDFC Mutual Funds Online