---
title: What is the difference between an open-ended and closed-ended fund?
description: Open-ended funds allow investors to buy and sell shares/participations at any time, while shares/participations in closed-ended funds can only be bought during their launch and can be redeemed when
---

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# What is the difference between an open-ended and closed-ended fund?

 

Open-ended funds allow investors to buy and sell shares/participations at any time, while shares/participations in closed-ended funds can only be bought during their launch and can be redeemed when the fund investment tenure is over.

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