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  • there is one emerging type of scheme, namely Exchange Traded Funds orETFs, which is discussed in detail in the next section.2.7 OTHER EQUITY SCHEMES :2.7.1 Arbitrage FundsThese invest simultaneously in the cash and the derivatives market and takeadvantage of the price differential of a stock and derivatives by takingopposite positions in the two markets (for e.g. stock and stock futures).2.7.2 Mul
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