Equity contagion hits the mutuals

Headline: Equity contagion hits the mutualsSource: EuromoneyDate: August 2001Author: Kala Rao         Pavagada Subramanyam No respite seems in sight for India’s equity markets. Reeling from a share price rigging scam in March and brokers’ protests against new trading rules, the markets were felled once again last month by news of trouble at […]

Headline: Equity contagion hits the mutuals
Source: Euromoney
Date: August 2001
Author: Kala Rao

       
Pavagada
Subramanyam
No respite seems in sight for India’s equity markets. Reeling from a share price rigging scam in March and brokers’ protests against new trading rules, the markets were felled once again last month by news of trouble at India’s largest manager of mutual fund assets, the Unit Trust of India (UTI).

On July 20, Pavagada Subramanyam, former chairman of the government-controlled UTI, which manages assets worth around $12.3






Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access