UTI plans shift to open-ended MIP
The Unit Trust of India (UTI) proposes to come out with an open-ended monthly income plan (MIP) which will allow investors easy entry and exit options, according to highly placed UTI sources.

Sebi unveils marketing code for mutual funds
Mutual funds can no longer give random estimates of returns and even expected corpus of their schemes unless they have factual information to support their claims.

US stocks rise despite concerns over Microsoft
Stocks on Wall Street staged a late rally Wednesday despite lingering concerns over interest rates and the pending order to break up Microsoft, which came after the markets closed.


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