Close-ended equity funds, launched with fanfare three years ago, have disappointed investors with their dull returns. The data from Value Research shows 10 out of 17 close-ended schemes maturing before July have seen one-year returns between 34 and 40 per cent. In comparison, the Sensex Total Return Index (TRI) has rallied 46 per cent over the past one year.
However, the three-year returns for some schemes is in single-digits even now. The schemes launched between 2017 and 2018 to benefit from India’s economic growth. As the economy slowed down and a rally in stock markets in ...
