How are ETFs different from mutual funds?

Basis	Mutual Funds	ETFs
Pricing	Bought/sold at NAV at end of day	Traded on exchange during market hours at market price
Mode of Trading	Through AMC/distributor	Through demat + trading account like shares
Expense Ratio	Generally higher	Usually lower
Liquidity	Provided by AMC	Depends on market demand, supply, and market makers
Price Transparency	NAV disclosed once/day	Market price visible in real-time