Open-ended fund
What is Open-ended fund in an Indian AIF?
An open-ended fund allows subscriptions and redemptions during its life rather than locking capital for a fixed tenure. Among AIFs only Category III may be open-ended, which reflects that its strategies typically hold liquid, tradable instruments.
Authority: SEBI (Alternative Investment Funds) Regulations, 2012
Related terms
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Definitions are explanatory, not legal advice. Where a definition rests on a regulation or circular it is named above; verify against the instrument before relying on it.