Unit Trust likely to peg MIP '99 coupon at 11 per cent
The Unit Trust of India (UTI) is likely to cut the coupon on its forthcoming monthly income plan by around 150 basis points.

SBIMF all set to launch umbrella and capital guarantee funds
The SBI Mutual Fund has filed prospectus with Sebi to launch the country's first umbrella fund christened as the "Magnum Sector Funds Umbrella".

Birla Advantage gives 96% return over one year
Birla Advantage Fund, Kothari Pioneer Prima Plus, Sun F&C Value Fund, Platinum Fund and Zurich Equity Fund are the top five performers in the category of open-ended equity funds (with equity component more than 60 per cent of the portfolio), for the one year period ended February 26, 1999.

  Sensex down 39 points in range-bound trading
  Adani Exports turns star performer on the bourses
  Zurich Prudence retains 30% investors after going open-end
  Networking FII style
  DPs, brokers worry over false instruction slips
  Jagsonpal Pharma takes Rs 22cr gamble to enter the big league
  Politicians can spoil the party any time
  Tata Elxsi to remain bullish
  Prices turn easy on fresh selling
  Reliance cuts yarn prices; Punjab cottons further up
  European traders await implementation of cut in oil output
  Euro declines sharply against dollar on EC resignation crisis
  Commodity Briefing
  Market Round-up
  Britain to launch chip cards to rid system of frauds