Multiple choice

Which is/are the characteristic(s) of fixed term plans noticed in the Indian mutual fund industry?

  1. Close - ended

  2. Maturity shorter than one year

  3. Not listed on stock exchange

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Fixed term plans in India have three key characteristics: they are close-ended (cannot be redeemed before maturity except in specified circumstances), have maturity periods shorter than one year typically, and are not listed on stock exchanges. These features distinguish them from open-ended funds.

Keep practicing — related questions