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Term

EXCHANGE TRADED FUND
raagvamd, RaagVamdatt

It is also commonly known as ETF. 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: ETF, Mutual Fund, MF, NAV
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