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

savings, investment, saving scheme

Photo: Pexels

Ambi Parameswaran
“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 halt outside the outlet. The driver got out and rushed inside. He saw me looking at the forms intensely and
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

Also Read

Why individual investors' share in mutual funds assets is surging

7 IPOs this week but don't make these 10 mistakes in pursuit of gains

IPO fundraising shrinks, block deals robust during first half of CY23

IdeaForge Tech IPO to close on June 30; issue subscribed 32x so far

Debt mutual funds or FDs: What should you pick given RBI status quo?

India must save the reputation of its pharma industry

Geopolitical risk: After Ukraine, it's Gaza

Our cities are choking

'Biki' Oberoi: Hotelier extraordinaire

Saudi Arabia's cyber diplomacy

First Published: Nov 16 2023 | 7:39 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to