Short Point of Long Term

The first fund by a foreign fund company has completed 15 years. It has not been a memorable run

In 1994, investors stood in long queues to put money in the first fund launched in India by a foreign fund management company – Morgan Stanley. The foreign name was a big draw, as was the 40%-60% premium for units in the grey market of Rajkot and Ahmedabad, allegedly rigged by the famous merchant...

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