Stanchart is launching another flipper fund - a second Enterprise Equity Fund. The first one was a flop. Will the remake do any better? Unlikely, says Debashis Basu

In early May 2006, when the Sensex was above 13,000 and subscribers to initial public offerings (IPOs) were making huge money, as stocks got listed at a massive premium to their listing prices, Standard Chartered Mutual Fund...

RBI is serious about effective redress of consumer grievances against banking services

Have you been frustrated at not getting past the obstructive tricks of your bank’s call centre operator, to get mistakes in your bank statement corrected? Or, got into a serious flap, on finding a fraudulent transaction on your credit card, and find that your bank refuses to believe you?

The redressal...

Fund of Funds have not taken off in a major way in India but they do have a role in the portfolio. For those who cannot decide between a flexi-cap and small-cap fund, FoFs are a good idea. Through FoFs, you leave your decision to choose a particular fund to another fund. Sounds funny but FoFs are a big business globally. Indian FoFs were launched by a few funds like Franklin Templeton and...