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Options
- A
Fixed Dividend Pay-out Ratio
-
Fixed Unit Capital
Correct answer
- C
Fixed Net Asset Value (NAV)
- D
Fixed Assets Under Management (AUM)
Why this is the answer
A closed-end fund has a fixed unit capital because the number of units issued remains constant after the NFO (New Fund Offer). Unlike open-ended funds, which allow constant entry and exit of investors, closed-end funds’ unit capital remains stable. The trading of units happens on the stock exchange, not directly with the fund.
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