The Mutual Fund that is using investor funds for IPOs is basically working against it own character, that of providing an investing portfolio to an uninformed investor.Such a fund is banking on exploiting the greed of the investor for quick returns and whats more speculating on the stock market with the investors money. What's more it is making things difficult for retail investors in the stock market.What is the difference between group investing or an NBFC when established funds enter this route. Would they like these counterparts vanish or provide a raw deal to the retail investor.
