In your interest.
Online Personal Finance Magazine
No beating about the bush.
The fund industry continues to try to hoodwink investors. A recent ad of UTI Mutual Fund, soliciting money for UTI Infrastructure Advantage Fund, prominently mentioned that the new fund offering was priced at Rs10. This is an old trick to lure investors to subscribe by giving an impression that they are getting something very cheap – ‘at par’. Commentators have highlighted this trickery...