From 1,355 in FY14, the number of launches has fallen to a mere 220 in FY17

Even as mutual funds, in general, witness record inflows, the interest in close-ended funds appears to be waning. Launches of close-ended funds have dropped sharply in recent years.Fund houses launched 1,355 close-ended funds in FY14, of which 1,322 were debt funds. The number has since dwindled to a mere 220 new launches in FY17. While close-ended debt funds fell out of favour due to non-c...