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11,017.00-36.9
Stock Analysis, IPO, Mutual Funds, Bonds & More
Mutual-Fund

Definition of 'Interval Schemes'


Definition: Interval schemes combine the features of open-ended and close-ended funds.

Description: The units may be traded on the stock exchange or may be open for sale or redemption during pre-determined intervals at NAV-related prices. Fixed maturity plans, or, FMPs are examples of these types of schemes.

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