Close-ended equity mutual funds may have come to the end of the road

Close-ended equity schemes of mutual funds, in which investors’ money is locked in for a specified period, may get a quiet burial. The Securities and Exchange Board of India will not give mutual funds the approval to launch regular close-ended equity schemes as it fears these products have been mis-sold to investors, said three people close to the development. The capital markets regulator also feels the performance of such schemes has been neglected by fund houses, the people said. 

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