|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 March 28 is a bank holiday in Goa due to Gudi Padwa/1st Navratra.
2017 March 29 is a bank holiday in Andhra Pradesh due to Chandramana Ugadi/Sajibu Nongmapanba (Cheiraoba)/Telugu New Year's Day.
2017 March 30 is a bank holiday in Jharkhand due to Sarhul.
2017 April 01 is a bank holiday in Andhra Pradesh due to Annual Closing Of Accounts Of Commercial And Co-operative Banks.