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  • News From Press Close-ended mutual funds lose sheen

    Close-ended mutual funds lose sheen

    Source: Business Line Sep 25, 2017

    Even as mutual funds, in general, witness record inflows, the interest in close-ended funds appears to be waning. Launches of close-ended funds have dropped sharply in recent years.Fund houses launched 1,355 close-ended funds in FY14, of which 1,322 were debt funds. The number has since dwindled to a mere 220 new launches in FY17.

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