It's tough to buy closed-end funds at exchanges

It's almost impossible to find a seller. In many cases, taxation isn't favourable either

Just a couple of days ago, HDFC Equity Opportunities Fund II, a closed-end fund, was quoting at a discount of 14.76 per cent to its net asset value at the stock exchange — an attractive proposition for any investor. There are a number of other closed-end schemes, both debt- and equity-oriented, which are trading at a good discount of 9-12 per cent. And some are maturing in 2018, making them attractive investment options for a short period for the high net worth individual (HNI). The question is — can an HNI or even a retail investor buy such schemes from