Sebi clears Alliance Capital's  dual-option MIP
Mumbai: Alliance Capital Asset Management  Company has obtained an in-principle approval from  the Securities and Exchange Board of India (Sebi)  on Thursday for converting the largest monthly income plan (MIP) into a dual-option plan.

The Rs 500 crore MIP will offer a fresh window which will allow full investment  in debt as against the existing offer of equity exposure of up to 15 per cent.

The investors will now be given a fresh option where investments will be made exclusively in debt instruments, ranging up to 50 per cent in government securities, corporate debt papers and other money market products.  
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RBI to issue 2nd tranche of market loans
Mumbai: The Reserve Bank of India will issue second tranche of market loans aggregating Rs 2759.42 crore by 22 state governments on October                 10.  The loans would bear interest at 9.45 per cent per annum for a

10-year maturity, the RBI said in a statement here on Thursday. Back to News Review index page