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Feb 12 2013, 01:29 IST
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SummaryFalling for the eighth straight day, the BSE benchmark Sensex on Monday fell 24.20 points to log its longest string of losses in nearly two years on selling in Maruti, Jindal Steel, Bharti Airtel and ONGC, ahead of the release of latest industrial production and inflation numbers.

investment under the government-notified RGESS plan. The scheme opened for subscription on February 9 and will close on March 8. UTI-RGESS is a close-ended passive index fund tracking S&P CNX Nifty Index with a tenure of three years from the date of allotment. The investment objective of the scheme is to invest in stocks of companies comprising S&P CNX Nifty and aims to achieve return equivalent to Nifty by ‘passive’ investment.

Indiabulls MF launches income fund

Indiabulls Mutual Fund launched its second duration product, Indiabulls Income Fund, an open-ended debt scheme on Monday. The new fund offer (NFO) will open for subscription on February 12 and close on February 26. The fund will have regular investment options like growth and dividend, with a minimum subscription of R5,000.

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