Ch.2 · Mutual Fund Structure Basics · medium
Which of the following solution-oriented funds has a lock-in period of 5 years or until retirement, whichever is earlier?
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EXPLANATION
Retirement Fund is a solution-oriented fund with a lock-in of 5 years or until the investor reaches retirement age, whichever is earlier. Children's Fund has a lock-in of 5 years or until the child reaches majority. ELSS has a 3-year lock-in.
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