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What are investment or fund companies

Updated : June 22, 2018 06:44 AM IST

Investment companies are classified in to three, i.e.  Closed-end funds, open- end funds and Unit investment trusts (UIT).
Open-end funds are offered either as mutual fund or exchange-traded fund.
Close-end funds, on the other hand raises capital by issuing a fixed number of shares.
What are investment or fund companies
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