शुद्ध संपत्ति मूल्य (NAV) और परिसंपत्ति प्रबंधन कंपनी (AMC) शब्द मुख्य रूप से किससे संबंधित हैं?

In the context of the recent volatility in the Indian securities market, which of the following best explains the conceptual trigger behind the 'risk-off sentiment' that resulted in significant Foreign Portfolio Investor (FPI) sell-offs and a sharp decline in the Sensex and Nifty indices?

Closed-ended funds generally maintain lower cash reserves/liquid funds than open-ended funds because: