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Changing saving habits

Those were the days of the Harshad Mehta scam. IPOs were oversubscribed by a large margin and getting allotment was like winning a lottery

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5 min read Last Updated : Nov 16 2023 | 7:39 PM IST

“Savers are slowly understanding mutual funds,” said K V Kamath at the Business Standard BFSI Insight Summit last month. I was reminded of an incident that happened almost 30 years ago.

I was based out of Chennai and had the habit of visiting a neighbourhood investment advisory outlet that stocked initial public offering (IPO) forms for up-and-coming public offers. The forms, more than 40, were neatly arranged, almost like newspapers at a vendor’s stall. I was slowly going through the forms, trying to remember the IPO reviews I had read in the business dailies. I noticed an autorickshaw coming to a

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : IPO BS Opinion harshad mehta scam Financial savings Mutual Funds

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