What is day trading and what is open ended and close ended Fund?

Answers:1   |   LastUpdateAt:2012-07-07 00:38:07  

Question
Andrew-please help!!!!!
Asked at 2012-07-01 20:59:02
What is day trading and what's open and close ended fund ?
Answer1LamontAnswered at 2012-07-07 00:38:07
Day trading means to acquire the shares of a company and sell it during the working hours of the market share . You can also sell the stock first and buy it during working hours .
Schemes of mutual funds are of two types - open-ended and close
over.
1) Open - ended scheme units invester can puchase at any time to fund specified types of respect and can also sell it.
2) Close to terminate the Plan - This type of scheme does not lock period ( usually three years). Invester have to buy NFO units of Mutual Funds only, and sell the units after the blocking period. If you want to sell the units before the lock period , the Fund may charge the output load in
stipulated rate .
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