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One year ago, I invested Rs 3 lakh in a closed-end fund. Now I need some money for my daughter's college fee. How can I withdraw my money?
-Vrajlal
In a closed-end fund, you cannot redeem your units till the maturity of the fund. But since they are listed on a stock exchange and trade just like a stock, you may be able to sell your units there. But bear in mind that the trading volumes are usually very low in these funds, making it difficult for investors to exit through this route. Even if you find a buyer on an exchange, it may be trading at a discount to its NAV, which means you'll have to sell your units at lower than their actually worth.
This article was originally published on August 08, 2018.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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