HSBC to launch mutual fund before year-end
Buoyed by various tax concessions for the Indian mutual fund industry, global banking group HSBC plans to launch a mutual fund in the country before the end of this year, a top bank official has said.

Sebi clears ICICI bonds of Rs 4,000 crore
The Securities and Exchange Board of india (Sebi) has cleared ICICI's unsecured redeemable bonds aggregating Rs 4000 crore with a green shoe option of another Rs. 4,000 crore.

LIC Mutual Fund's maiden bond fund likely to mobilise Rs 30 crore
The maiden open-end bond fund from LIC Mutual Fund is likely to close its initial public offering with a collection of Rs 30 crore. The initial offer of LICMF Bond Fund, which opened on March 26, will close for subscription on May 8.

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