Indian Share Market http://www.indiansharemarket.net In an open-end fund, the units of a mutual fund are bought and sold by the fund company itself. The price at which you buy this fund is usually higher than the price at which you can sell the fund to the fund company. http://www.indiansharemarket.net/indian-stock-market-types-of-mutual-funds.shtml http://www.indiansharemarket.net/indian-stock-market-types-of-mutual-funds.shtml