News From Press Some closed-end funds go for a tenure rollover

Some closed-end funds go for a tenure rollover

Source: ET Aug 2, 2017

The ongoing bull run has prompted fund houses to reset maturity of their three-year closed-end equity mutual fund schemes, which are coming up for maturity now.Fund houses have rolled over the tenure of some of these schemes maturing in June and July to December 2020.Birla SL Mutual fund has rolled over Birla SL Emerging Leaders Fund Series 3 and Series 4 by almost two and half years to December 31, 2020. ICICI Prudential too has rolled over its ICICI Prudential Growth Fund Series 1 to December ..

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