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 hard to come up with new ideas. Not only should the investment...
A new system of short-selling is being planned. Unless it is made fool-proof, it may be prone to abuse
The finance ministry and Securities Exchange Board of India (SEBI) are reportedly set to introduce short-selling for mutual funds and banks. Short-selling is selling securities without owning them. To do that, banks and MFs will have to borrow shares from a notified intermediary and deliver...
One of the fallouts of the death of distance and the phenomenal rise in Internet usage is the globalisation of a variety of scams that are ensnaring ordinary persons. These lures, with their myriad variations, land up in your email inbox in the form of tantalising announcements.
A few issues ago, MoneyLIFE discussed the Nigerian scam, which recently trapped a top consumer activist into...
