Consider the following statements about Mutual funds:
1. In an open-ended mutual fund, an investor can enter and exit at any point of time.
2. Close – ended funds are listed on stock exchange.
3. Open – ended funds have a fixed maturity period.
4. Close-ended mutual funds do not have a fixed maturity date.
Which of the statements given above is/are correct?1
1 and 2 only
2
1, 2 and 3 only
3
3 and 4 only
4
1, 3 and 4 only
5
Only 3