पोर्टफोलियो निवेश प्रत्यक्ष रूप से निम्नलिखित में से किस बाजार से संबंधित है?

In the context of the recent volatility in the Indian securities market, which of the following best explains the conceptual trigger behind the 'risk-off sentiment' that resulted in significant Foreign Portfolio Investor (FPI) sell-offs and a sharp decline in the Sensex and Nifty indices?

Closed-ended funds generally maintain lower cash reserves/liquid funds than open-ended funds because: