Distinguish between 'open ended mutual fund' and 'close ended mutual fund'.

'Open Ended Mutual Fund and 'Close Ended Mutual Fund' Sl.No. Points of differences Close ended Mutual Fund Open ended Mutual Fund 1. Corpus Fixed corpus: no new units can be offered beyond the limit. Variable corpus due to ongoing purchase and redemption. 2. Listing on Stock Exchanges Listed on the stock exchange for buying and selling. No listing on exchange transactions done directly with the fund. 3. Values Two values available namely NAV and the Market Trading Price. Only one price namely NAV. 4. Liquidity Mostly liquid Highly Liquid 5. Redemption Either through sale on the Stock Exchanges or through repurchase by the mutual fund. Only through repurchase by Mutual Fund. 6. NAV NAV is calculated on weekly basis. NAV is calculated every day.