Allocation to closed-ended funds should not be more than 15-20%: Nitin Singh

Nitin Singh, MD and head wealth management at Standard Chartered Bank, told Mint that SOME closed-ended funds have in-built risk management options. “But ideally you should not be looking at more than 15-20% at the most allocation. There is enough space from open-ended perspective to look at major part of customers’ portfolio,” he said. The wealth manager was speaking on the sidelines of the Mint Mutual Fund Conclave in Mumbai.