Boycott every IPO, QIP for 30 days: Samir Arora to mutual funds

Veteran investor and fund manager Samir Arora has suggested that Indian mutual funds should boycott IPOs, qualified institutional placements (QIPs) and placements for 30 days. He said this could help reverse the stock market's underperformance. He added that the weakness is driven by an influx of new issuances handled by less careful investment bankers rather than FII selling.