Close-ended equity mutual funds struggling with poor returns The entire investor experience in close-ended mutual fund format hangs on market conditions prevailing at maturity. Synopsis Several close-ended equity mutual fund schemes are nearing for maturity in 2021. However, these schemes are struggling due to losses and poor returns. The only alternative to escape this is to opt for rollover or hope that the scheme gets converted into an open-ended format. Several close-ended equity funds nearing maturity are seeking tenure extension or are converting into open-ended funds. With the schemes sitting on anemic returns or losses, the respective fund houses hope to squeeze out better returns from the current market uptick.