“The assets are illiquid and there are no real benchmarks to measure performance,” says Hrishikesh Parandekar, CEO, Karvy Wealth. “While art funds were in vogue around 2007, that was the time when all asset classes were going through a re-rating process and art funds were also a part of it. Opaqueness is also a major concern. We do not think people currently have any appetite for art funds,”.
Source : www.business-standard.com
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