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Fidelity launches special situation fund

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Assets of tax-saving MFs show lower erosion than equity funds

But, firm asset base of ELSS due to markets gains, not money inflows

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Market News

Oil falls towards 14-month low near $101 on ample supply

Chinese economic data, which points towards slowing demand, also led to the crude's slide

Lead down 0.3% on global trend, subdued domestic demand

Metal for delivery in current month eased by 0.29%

Mentha oil down 0.6% on low demand

Oil for delivery in August contracts lost 0.57%

Cardamom down 0.3% on profit-booking

Spice for delivery in September shed 0.29%

Palm oil down 0.6% on subdued demand

Oil for delivery in August traded lower by 0.35%

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