What are interval scheme mutual funds? How can you invest in one?
Interval scheme mutual funds are combinations of open-ended and close-ended mutual funds’ schemes. Interval fund offers to buy back shares that have already been sold to the shareholders. Shareholders have the option of accepting the buy-back offer or to continue holding onto the existing shares. Depending on the pre-decided time duration, the companies in this fund will offer to buy back the shares at regular intervals. Shareholders can repurchase the shares that they sold as well. You can browse through more than 2,000 mutual funds available on the Upstox Mutual Funds platform. You can use the filters on the search bar to specifically study interval scheme mutual funds.