A rising stock market always leads to rampant mis-selling. And ultimately the investor is left with a bad taste in his mouth. Recently, Rohit Karna, a Patna-based businessman, received a call from a mutual fund agent wanting to sell him a balanced fund. "The fund will give you a 12 per cent tax-free return per year," said the agent. Incidents of mutual funds being sold based on promises that are not entirely true are becoming quite common, especially in smaller towns. Retail investors need to do their own fact-finding before falling for fact-finding.
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First Published: Tue, December 26 2017. 00:32 IST