Both Canbank Mutual Fund and Reliance Mutual Fund are planning to launch open-ended Index funds.
While CanIndex would invest in stocks comprising the S & P CNX Nifty Index, Reliance Index Fund would allow the investors to choose between a Nifty Plan and a Sensex Plan.
Currently there are thirteen funds tracking the S & P CNX Nifty and eight funds tracking the BSE Sensex.
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