When you buy an index fund during the trading day, how do you know what price you’ll actually get it for? Is it based on whatever price the index fund closes at that day?

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Mutual fund, you will get the price at the market close. ETFs, you get the price at the time you buy.

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An index fund can be a mutual fund or ETF. They are a subset of mutual funds and ETFs. For example VTSAX is a mutual fund and VTI is an ETF

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