In respect of which funds that do not have a fixed date of redemption?

I would like to opt a) Open ended funds

as of the market study the redemption price is the price received on selling units of open-ended scheme. so the answer should be (b)Close ended funds

I do not agree on B as the closed ended fund has a fixed date to refund. I think the answer is A .

a - open ended funds .......................................

Answer option (a) >>>>>>>>>>>>>>>   Open ended funds

Open-ended funds: These funds buy and sell units on a continuous basis and, hence, allow investors to enter and exit as per their convenience. The units can be purchased and sold even after the initial offering (NFO) period (in case of new funds). The units are bought and sold at the net asset value (NAV) declared by the fund.

Closed-ended funds: The unit capital of closed ended funds is fixed and they sell a specific number of units. Unlike in open-ended funds, investors cannot buy the units of a closed-ended fund after its NFO period is over. This means that new investors cannot enter, nor can existing investors exit till the term of the scheme ends. However, to provide a platform for investors to exit before the term, the fund houses list their closed-ended schemes on a stock exchange.

(a)..>>>>>>>>> Open ended funds

The answer to this questions is (a) Open ended funds.

The correct answer is A...

a) >>>>>>>>>>>>>>Open ended funds