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In the last few weeks, India’s top two financial regulators have flexed their muscles to teach market participants some basic lessons in prudence and regulatory compliance. First, the Reserve Bank of India (RBI) imposed business restrictions on Paytm Payments Bank Ltd for repeated violation of norms over several years.
Muddy Waters chief Carson Block says London Stock Exchange should remain world's 'cleanest' stock market
I managed money professionally for 15 years, and over that time I learned that being a good investor wasn’t correlated with how much research I did (assuming I’d covered the basics), or even how well I understood my own approach to risk and return – although that was important.
We have millions of newbie investors who are clueless about how to handle sudden and severe adverse market reactions, which arrive from time to time, observes Debashis Basu.
Here are two sets of bare facts. One, private mutual funds were permitted to be set up in 1993 and in the past 21 years, until the end of 2014, their equity investment had gradually touched Rs200,000 crore spread across pure equity funds, balanced funds and equity-linked savings schemes.