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Fake Claim
26/10/2006 12:00 AM |
Capital protection fund is a new gimmick by mutual funds to attract money from you. Stay away from them
In the 1990s, there were mutual funds that offered guaranteed returns. Every single one of these funds lost a substantial part of their capital. Amazingly, the regulator, Securities and Exchange Board of India, is allowing mutual funds to revisit the ‘90s and make a similar pitch now. This time, they are called Capital Protection funds. Fund companies are watching each other like a hawk, with the hope of duplicating each other’s ideas and, therefore, four capital protection ideas have been ...
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