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Interval Fund (Scheme)
What does it mean?
A fund that combines the features of open-ended and closed-ended schemes, making the fund open for sale or redemption during pre-determined intervals.
In Other Words...
In other words, this is a mutual fund with redemption features in between those of closed-end and open-end funds.
Related Links
Mutual Fund Basics Tutorial - Learn about the basics--and the pitfalls!--of investing in mutual funds.
Related Terms
Closed End Fund | Open-end Fund
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