When are mutual fund purchases and sale orders executed?

Name: When are mutual fund purchases and sale orders executed?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Mutual fund purchases and sale orders are executed at the end of the business day. This is because mutual fund prices are calculated based on the net asset value (NAV) at the end of the day, which takes into account the closing prices of the securities in the fund's portfolio. Therefore, transactions are processed after the markets close and the NAV is calculated.

When Are Mutual Fund Purchases and Sale Orders Executed