Open-ended Mutual Fund vs Closed-ended Mutual Fund

Difference between Open-ended Mutual Fund and Closed-ended Mutual Fund

Basis of DifferenceOpen-ended Mutual Fund Closed-ended Mutual Fund
ObjectiveTo earn relatively higher returns than
benchmark
Vs
To replicate the performance of the
index the ETF tracks
MeaningAvailable for subscription and
repurchase on a continuous basis on all
working days
Vs
Available for subscription only during a
specified period on their launch
InvestmentAnytime, remain open on all working days
Vs
Either at the time of their launch or
they can buy or sell the units of these
schemes on the stock exchanges where the
units are listed
Fund SizeFluctuates
Vs
Fixed
TransactionTransactions are possible with Mutual
Fund House
Vs
Transactions are possible with Mutual
Fund House (on predefined dates) or
anytime with a stock exchange where the
units are listed
Unit priceNet Asset Value (NAV)
Vs
Quoted price, which may not be same as
NAV
Redemption dateNo predetermined date of redemption
Vs
Predetermined date of redemption - fixed
Lock-in periodNil
Vs
Yes, generally ranging from 3-7 years
BrokerageNo, if transacted directly
Vs
Yes, if transacted through a stock
exchange
Demat AccountNot required
Vs
Mandatory, if transacted through a
stock exchange

Upcoming Bank Holidays

2019 April 27 is a bank holiday in Andaman And Nicobar Island due to 4th Saturday Bank Holiday.
2019 May 01 is a bank holiday in Andhra Pradesh due to May Day / Labour Day.
2019 May 01 is a bank holiday in Maharashtra due to Maharashtra Din.
2019 May 07 is a bank holiday in West Bengal due to Rabindranath Tagore Jayanti.

Financial Calculators

Loan Services

Highest FD Interest Rates

Bank NameTenureInterest(p.a.)
Esaf Small Finance Bank 12 Months8.75%
Suryoday Small Finance Bank12 Months8.50%
Utkarsh Small Finance Bank12 Months8.50%
Equitas Small Finance Bank 12 Months8.50%
North East Small Finance Bank 12 Months8.50%
Ujjivan Small Finance Bank 12 Months8.30%
Indusind Bank12 Months8.00%
Rbl Bank 12 Months8.00%
Fincare Small Finance Bank Ltd12 Months8.00%
The Nainital Bank 12 Months7.90%

Senior Citizen FD Interest Rates

Bank NameTenureInterest(p.a.)
Esaf Small Finance Bank 12 Months8.75%
Suryoday Small Finance Bank12 Months8.50%
Utkarsh Small Finance Bank12 Months8.50%
Equitas Small Finance Bank 12 Months8.50%
North East Small Finance Bank 12 Months8.50%
Ujjivan Small Finance Bank 12 Months8.30%
Indusind Bank12 Months8.00%
Rbl Bank 12 Months8.00%
Fincare Small Finance Bank Ltd12 Months8.00%
The Nainital Bank 12 Months7.90%

Bank Interest Rates