Mutual Strain
Binay Bist 08 March 2010

One of our readers, Binay Bist, reflects on the state of the mutual fund industry

I had made a New Year resolution that I will refrain from commenting on the penguins from the mutual fund (MF) industry. But the juvenile antics of the Securities and Exchange Board of India (SEBI) and the fund houses were enough provocation to breach my commitment. Consider the following events:

1. Banks...

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