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Topic: Business
Number of pages / Number of words: 12 / 3172
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Please refer to the section on risks below.

Close-ended funds

These funds have fixed, normally predefined, maturity period which usually varies from 1-month to 15-years. These units are available for subscription only during the NFO period. Investors in close-ended funds generally receive certificated or depository receipts (latter in cases where exchange listing is provided) for their holdings in the scheme...


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These units are available for subscription only during the NFO period. Investors in close-ended funds generally receive certificated or depository receipts (latter in cases where exchange listing is provided) for their holdings in the scheme.

In cases where the schemes are listed, subsequent transactions (for buying or selling units) may be undertaken on the relevant stock exchange(s)...


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