UTI to offer new scheme to employees opting for VRS
UTI is all set to launch a new scheme called `Early Retirement Fund' specially formulated for employees who are opting for voluntary retirement scheme (VRS). The mutual fund giant has also decided to redesign its Grihalaxmi Plan.

Pru-ICICI to launch monthly income plan
Pru-ICICI Mutual Fund is planning to launch a open-ended monthly income plan. The mutual fund is awaiting Sebi's approval for the new scheme. It has not fixed the date for launching the scheme.

Limited upside scope in bank scrips: Analysts
In the absence of any "triggers" that could change valuations dramatically for the banking sector, analysts recommend a cautious investment approach as the chances of appreciation in bank stock prices are limited.


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  Asian markets
  Index continues to remain in positive territory
  Go short on Bajaj Auto, Colgate


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