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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more