Interval Fund (Scheme)

DEFINITION of 'Interval Fund (Scheme)'

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.

BREAKING DOWN 'Interval Fund (Scheme)'

In other words, this is a mutual fund with redemption features in between those of closed-end and open-end funds.

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  4. Why is it that when investors realize returns on a mutual fund, its price tends to ...

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  5. What is the difference between "closed end credit" and a "line of credit?"

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