It has become fashionable for all and sundry to talk as experts on investment management! I would like to know the credentials of the author of this article! To pooh pooh a fund from a reputed house such as Standard Chartered is outrightly outrageous. Call it by whatever name, there is an opportunity to make money in the IPOs. And to be cynical about the presumption that the bull run will continue.....the assumption applies for all equity funds....if someone does not think the equity markets will not do well, then they have no business to be in any equity fund.
And the final caution that investors should not park short term money in the fund, because it is a closed ended fund...it betrays the mind set of the writer.....talk long term...act short term!
I guess rediff.com should not have posted an article such as this
