Match the following. List-I (Mutual Fund Schemes) List-II (Characteristics) a. Open-ended mutual fund schemes 1. It offers capital appreciation of the underlying investment. b. Close-ended mutual fund scheme 2. It is a fund accepted and liquidated on a continuous basis by a mutual fund manager. c. Growth fund scheme 3. It is also known as regional or country fund. d. Off-shore mutual fund 4. No exit possible till the closure of the scheme.

The correct answer is: A. a-2, b-1, c-4, d-3

• Open-ended mutual fund schemes are a fund accepted and liquidated on a continuous basis by a mutual fund manager. Investors can buy and sell units of an open-ended fund at any time, at the current net asset value (NAV).
• Close-ended mutual fund scheme is a fund that has a fixed number of units that are issued at the time of the fund’s launch. Once the fund is launched, no new units are issued and existing units cannot be redeemed. The units of a close-ended fund are traded on a stock exchange, like shares of a company.
• Growth fund scheme is a type of mutual
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  fund that invests in companies that are expected to grow their earnings at a faster rate than the overall market. Growth funds typically have a higher risk profile than other types of mutual funds, but they also have the potential for higher returns.
• Off-shore mutual fund is
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  a mutual fund that invests in assets outside of the country in which it is registered. Off-shore funds can offer investors exposure to different markets and currencies, but they also come with additional risks, such as currency fluctuations and political instability.

I hope this helps! Let me know if you have any other questions.