These funds have negligible public participation. Yet, the regulator allows these to remain in the public domain!
Mutual funds are meant for the public, just as listed equity shares are. But while listed companies have to ensure a minimum public participation, mutual funds are exempt from it. This is bizarre but true.
If the public holding of shares falls below a certain percentage, a...
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam