In November 2015, IDFC Equity Opportunity–Series 3 (IEO3) quietly matured. This was a 21-month closed-end diversified equity scheme that was launched in February 2014. It returned close to 14% since its inception.
This was the first of the closed-end funds that were launched in 2013, to have redeemed. Let’s call them closed-end funds version 2 (v2). Very few topics have dominated the Indian mutual funds (MF) industry these past two years more than its obsession with closed-end equity schemes.
