Perpetual Funds Unlike traditional funds which have a finite | Economy Notes UPSC

Perpetual Funds

Unlike traditional funds which have a finite tenure, perpetual funds don’t have a maturity date. These funds are aimed at long-term investors such as pension funds and insurance firms which do not want the return of capital but regular income.
 
PCVs can be of various types, including limited partnerships traded publicly on an exchange, real estate investment trusts, closed-ended funds, interval funds and variable funds such as annuities and life insurance.