Mutual fund launches: Let’s not be condemned to repeat history
First, the Indian stock market was finally coming out of the shadow of three major scams—the Harshad Mehta scandal of the early 1990s, the Ketan Parekh scam of the late 1990s and a third scandal that almost everyone seems to have forgotten about now. This was the vanishing-companies scam of the mid 1990s (probably the