Interval Fund (Scheme)

What Does Interval Fund (Scheme) Mean?
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.

Investopedia explains Interval Fund (Scheme)
In other words, this is a mutual fund with redemption features in between those of closed-end and open-end funds.

Related Terms

Closed End Fund
Closed Fund
Open-end Fund
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