UTI Mutual Fund is running an ad campaign where it is claiming credit for the education of Indian investors. I am glad to see UTI being man enough and owning up responsibility for the abysmal financial knowledge of the average Indian investor. I suppose they think that five years is enough for investors to forget the saga of US-64 and the time when they used to get their agents to “promise” guaranteed returns on mutual funds.
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The people who really gained from all that happened are now star businessmen in India.
So it did work out well for some “investors”.