Open-ended mutual fund schemes are those that constantly release new units to the public. These schemes do not have a specified time frame for redemption and instead offer units for sale on an ongoing basis. This structure allows investors to enter and exit the scheme at any time, providing flexibility and liquidity. Unlike closed-ended schemes, open-ended schemes do not have a fixed maturity date and can continue indefinitely. This type of scheme is popular among investors for its accessibility and convenience.
