|Basis of Difference||Mutual Fund (MF)||Exchange Traded Fund (ETF)|
|Objective||To earn relatively higher returns than|
|To replicate the performance of the|
index the ETF tracks
|Meaning||A trust which pools the savings of|
several investors together and invest
this collected fund in diversified
basket of securities at low cost
|An investment scheme which tracks a|
particular index. It is compulsory to
list the ETF and it can be traded on a
stock exchange on which it is listed
|Diversification||Invests in diversified assets|
|Invests based on a particular index|
|Unit price||Net Asset Value (NAV)|
|Fractional unit||Fractional units can be issued to the|
|Can not issue fractional units to the|
|Brokerage||No, if transacted directly|
|Transaction||From mutual fund house|
|From stock exchange|
|Demat Account||Not required|
|Transparency||Portfolio and performance are disclosed|
on quarterly basis
|Portfolio and performance are disclosed|
on daily basis
2017 August 07 is a bank holiday in Daman And Diu due to Raksha Bandhan.
2017 August 14 is a bank holiday in Bihar due to Janmashtami.
2017 August 15 is a bank holiday in Andaman And Nicobar Island due to Independence Day.
2017 August 15 is a bank holiday in Arunachal Pradesh due to Independence Day/Janmashtami.