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Principles and Practices of Banking - 1 (JAIIB)
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An investment plan of a mutual fund which is available for subscription and repurchase on a continue basis, is called
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A
open-ended scheme
💡 Explanation:
Open-ended fund is a collective investment scheme which can issue and redeem shares at any time. An open-ended fund or scheme is one that is available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period.