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Term

ETF
raagvamd, RaagVamdatt

It is the acronym or short form for Exchange Traded Fund. It is a security which tracks an index or a commodity (say Gold), and trades on an exchange. Therefore, it undergoes price changes throughout the day as it is bought and sold on an exchange, like other ordinary shares. Therefore, it does not have its NAV calculated like a Mutual Fund.

Related Terms: Exchange Traded Fund, Mutual Fund, MF, NAV
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