mutual fund with no lock in period.

#1
Hi All,


One of my very initial post sin Trader Ji....and hopefull will ensourage me toask more questions.


But I wish to know which are the Mutual Funds which come without any lock in period.

and how can I check such mutual funds ....as in is there term used for these funds which can checked at moneycontrol or while i investing using sharekhan et all.
 

milind

Active Member
#2
Hi All,


One of my very initial post sin Trader Ji....and hopefull will ensourage me toask more questions.


But I wish to know which are the Mutual Funds which come without any lock in period.

and how can I check such mutual funds ....as in is there term used for these funds which can checked at moneycontrol or while i investing using sharekhan et all.
Funds in tax-saver (or ELSS) category have 3 year lock-in period.

Most other funds do not have any lock-in. However, what they do have is an exit load - typically 1% if redeemed within one year. Most Liquid funds, short term debt funds, some ETFs (e.g. Reliance banking ETF) do not have lock-in or exit load.

Please be sure to read fund documents and/or value research info before investing.

-- Milind
 
#3
Funds in tax-saver (or ELSS) category have 3 year lock-in period.

Most other funds do not have any lock-in. However, what they do have is an exit load - typically 1% if redeemed within one year. Most Liquid funds, short term debt funds, some ETFs (e.g. Reliance banking ETF) do not have lock-in or exit load.

Please be sure to read fund documents and/or value research info before investing.

-- Milind
So from this I understand that all funds except ELSS funds have no lock in period. But charge an Exit Load .....however can you /anyone suggest a few more good mutual funds without exitload...with a 6 month perspective.
 
#4
Hi All,


One of my very initial post sin Trader Ji....and hopefull will ensourage me toask more questions.


But I wish to know which are the Mutual Funds which come without any lock in period.

and how can I check such mutual funds ....as in is there term used for these funds which can checked at moneycontrol or while i investing using sharekhan et all.
Yes, the term used is open-ended scheme. These days most of the schemes are open-ended i.e. they will declare a single NAV at the end of each day, and you can buy and sell at that price directly with the mutual fund.

However, since you have an account with Sharekhan, I suggest have a look
Exchange Traded Funds (ETFs) which are a mutual fund unit listed and traded on Exchange like any other stock and the best part is you and buy/sell them at anytime during the market hrs at the traded price. Some of the popular ETFs are Nifty BeES for taking exposure in top 50 companies in India and GOLD BeES for investing in Gold in a paperless way
 

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