Fund prospectuses need to be revamped. Here is an example of why

Mutual fund prospectuses need to be drastically changed. They do not force fund houses to report performance but make them write out high-sounding nonsense such as “Investment Philosophy”. Unable to philosophise much, funds produce some general pap under Investment Philosophy.

As it is, funds are finding it increasingly...

A series of recent judgements of the apex consumer court  has gone against banks. This is good news for consumers, says Sucheta Dalal

This year promises to be tough on banks that ignore their customers. Apart from the Reserve Bank of India (RBI) focusing on systemic changes and tracking grievance redressal, the National Consumer Disputes Redressal Commission (NCDRC), which is India’s apex...