BoB MF plans derivative-linked product
Kolkata: Bank of Baroda (BoB) Mutual Fund is planning to come out with a derivatives-linked product. Also in the offing are equity markets-related schemes including an index fund, a balanced fund and a growth fund.

While the company has received permission from the Securities and Exchange Board of India (Sebi) for introducing balanced and growth funds, it would place the application for launching the index fund after the first two are launched.

The proposed index fund would be benchmarked with the BSE Sensex.
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US-64 bad assets at Rs 1,116 cr
Mumbai: Unit Trust of India has said it has made a provision of Rs 1,116 crore towards doubtful investments for its flagship scheme, US-64.

Unit Trust of India (UTI), which manages half the Indian mutual fund industry's assets, also disclosed US-64's entire portfolio for the first time since the scheme's inception 37 years ago.

At the end of 2001, US-64's equity investments comprised 62.8 per cent of total assets. Of this, UTI has earmarked Rs 289 core, or 2.09 per cent of total assets, as illiquid equity shares.

The scheme had an exposure of 26.03 per cent to the 11.24 per cent 2004 government of India bond.

Its single largest equity investment was in Reliance Industries, at 13.76 per cent, followed by ITC, at 5.94 per cent.

Reliance Petroleum was third at 4.94 per cent.
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Bharti to list shares on 18 Feb
New Delhi: Bharti Tele-Ventures, which earlier this month raised Rs 834 crore through an initial public offering, plans to list its shares next week.

The firm had announced plans to list on the Bombay, Delhi and National stock exchanges.

The IPO by Bharti, in which Singapore Telecom and private equity investor E M Warburg Pincus hold key minority stakes, was the first public offering of shares by a private mobile operator.
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Sebi issues notice to Morgan Stanley
Mumbai: A Sebi enquiry officer has recommended that JM Morgan Stanley should be suspended for one month in connection with the ill-fated Balaji-Nine Network merger.

He has also recommended a one-month suspension for IL&FS Merchant Banking and a three-month ban on the Ketan Parekh-linked Triumph International.

Sebi had issued showcause notices to the three merchant bankers for alleged violation of various provisions of the Sebi Merchant Banker Regulations 1992.

The show-cause has been issued following a finding by a Sebi enquiry officer that the merchant bankers had violated Regulation 18 (2) and were also in breach of the code of conduct under Schedule III of the Sebi Merchant Banker Regulation 1992.

The merchant bankers have been charged with making a misstatement in the offer document of Balaji Telefilm IPO.

In the offer document dated August 2000, it was mentioned that within 6 months of the issue, there would not be any changes in the share capital structure and management of the company.

However, three days before the listing of the shares on stock exchanges, the company informed the exchanges that the next day a board meeting will be held for considering the merger of Nine Network Entertainment (NNE).
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