Mutual funds are investment vehicles that pool money from a huge number of investors. The money is then invested across a wide variety of assets like stocks, bonds, etc. depending on the investment objective to earn returns.
Open End Funds are a type of mutual fund that does not have restrictions on the amount of shares the fund will issue. If demand is high enough, the fund will continue to issue shares no matter how many investors there are. Open-end funds also buy back shares when investors wish to sell. Therefore, the number of shares outstanding can change even on a daily basis.
IDLC Asset Management Company Limited (IDLC AMCL), one of the subsidiaries of IDLC Group, manages ‘IDLC Balanced Fund’ – an open-end mutual fund. To know more about the products of IDLC AMCL, please click here.