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SBI’s new fund will trade in and out of the market to protect your capital! Hope that sounds as odd to SEBI as it does to us
Lemming-like, fund houses are filing prospectuses of capital protection schemes (CPS). Tata, SBI, UTI, HSBC, HDFC, Reliance, Kotak and Birla Sunlife have all filed draft applications to launch their versions of CPS. On paper, these schemes would protect capital by...
