 "Returns on close-ended MFs lag those on open-ended ones")
The much hyped close-ended mutual fund equity funds have not been able to have an impressive performance compared to their open-ended counterparts. The period between 2013 and 2015 witnessed a sudden surge in close-ended products by India’s fund houses, which were embedded with high commission to distributors – to the tune of eight per cent in some cases.
Against expectations that close-ended products allow fund managers to have better room to manage money as investments are locked for a certain period and investors are not allowed to redeem their units, it appears open-ended schemes are either at par or
Against expectations that close-ended products allow fund managers to have better room to manage money as investments are locked for a certain period and investors are not allowed to redeem their units, it appears open-ended schemes are either at par or
