An important factor for Indian market is that you never have to worry about physical custody of the investments. You may even not have to keep a paper record of your units in a mutual fund. Wide Choice a. By structure a. Do not have fixed maturity.
Key aspect is liquidity .
One can enter or exit conveniently. However, the quantum of fund keeps on changing depending on movement of funds, in and out of schemes. Closed-ended i. Schemes with stipulated maturity period. Entry in the fund is possible only during initial launch. Thereafter entry or exit is through market related price, which may be different from NAV , due to demand supply reasons.