As the share market
hovers near its all-time high, mutual fund houses are selling closed-ended
hybrid (balance) funds to risk-averse investors.
There are 7 such new
fund offerings from asset managers like Birla Sunlife, Canara Robeco, DSP Blackrock,
ICICI Prudential, DWS, Reliance and UTI.
“Investors, planning
to put money in equity. But do not want to lose their capital, invest in such
closed - ended schemes,“ says Mr. Ajit Menon, head-sales and marketing, DSP
Blackrock Mutual Fund.
Since January, 55
closed - ended hybrid schemes have raised Rs. 4,645 crore as against Rs. 5,207 crore raised by 77 schemes in
CY2013, says Value Researchonline
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