Why are closed-end funds coming back?

You cannot enter some funds. And you cannot exit certain others. That sums up the latest situation of the Indian fund world. Mutual funds are closing down open-ended funds and opening up closed-end ones. What does it mean? It is a clear indicator that fund managers, who are an eternally bullish tribe, are having second thoughts about the way the market...

Funny how mutual funds label their products

Mutual funds make fees on the money they manage. The more money they raise, the more money they make. To attract investors in a competitive market, they have to create new innovative themes and labels. Sometimes they become too innovative. Sometime ago SBI Mutual Fund launched a fund with the morbid label of Comma Fund. It is a simple equity fund...