New Delhi, April 29 -- The Sensex and the Nifty 50 rose over 1 per cent each amid largely positive global cues on Monday. The Sensex jumped 1.4 per cent, while the Nifty 50 spiked 316 points, or 1.3 per cent, to reclaim the level of 24,355. On Tuesday, however, the market ended flat. In the past few days, markets have been on an upswing with concerns regarding trade tariffs abating and foreign investors becoming net buyers during the second half of April.

Amid this renewed bull run, mutual fund houses have also announced a number of new fund offers, most of which are passive schemes.

Bajaj Finserv Nifty 50 Index Fund: Launched on April 25, this new fund offer will close on May 9. This is an index fund which will track the performance of...