| Interval Fund (Scheme) | |
 A fund that combines the features of open-ended and closed-ended schemes, making the fund open for sale or redemption during pre-determined intervals. |
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 In other words, this is a mutual fund with redemption features in between those of closed-end and open-end funds. |
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 Mutual Fund Basics Tutorial - Learn about the basics--and the pitfalls!--of investing in mutual funds. |
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