The Financial Express -- Markets

Thursday, May 8 1997

Sun F&C to unveil maiden mutual fund soon

Sun F&C India is all set to float its maiden mutual fund offering in India. The open-ended scheme will be an equity scheme adopting a "value oriented approach". However, it will not be open for sales and repurchases every day.

Infrastructure Bond Issue

ISESC plans separate trade guarantee fund

The interconnected market system, promoted by Indian Stock Exchange Services Corporation, will have a separate trade guarantee fund existing simultaneously with the one maintained by regional exchanges.

Client registration unlikely to meet deadline

The May 31 deadline set by the Securities and Exchange Board of India for completion of client-registration norms by all bourses is likely to be a non-starter. Exchange officials are now grappling with stiff opposition from brokers, who are adamant on abolishing the rule.

Kothari Pension repurchase, sale from April 29

UTI payouts termed income

Market round-up -- From the Markets

Gold, silver suffer setback; groundnut oil dips

Briefs -- BSE declares VP Parikh defaulter

Mark to market -- All eyes on ITC

5-yr bond auction likely to be devolved

Market awaits budget passage with bated breath

Speculative selling, lack of support push down Sensex

Lloyds Finance plans mutual fund foray

Japanese bonds end firmer after intial slump

ITI Pioneer AMC to change name