| IRDA, Fin Ministry seek clarification from insurers and banks |
| 11:02 May 07,2013 |
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IRDA said that it has seen various reports appearing in the media on the alleged violations of the KYC and AML guidelines by some insurance companies. |
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| IRDA asks insurance companies to renew lapsed licenses of agents |
| 09:46 Apr 07,2013 |
| Insurance market regulator has asked the insurers to carry out campaigns to ensure that maximum licenses are renewed. However, IFAs feel that this will not encourage the drop-out agents. |
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| All you wanted to know about colour coding |
| 05:46 Apr 04,2013 |
| SEBI has asked AMCs to colour code all their existing as well as new schemes from July 1, 2013. Let us clearly understand the concept of colour coding. |
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| BSE proposes to keep MF distributorship license at Rs 10000 |
| 09:39 Mar 22,2013 |
| Stock exchanges are awaiting SEBI guidelines for empanelling mutual fund distributors. |
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| Insurance broking firms might be able to take advantage of FDI |
| 08:48 Mar 08,2013 |
| The finance ministry has asked DIPP to review the definition of insurance. |
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| Insurers can grant health insurance up to 65 years |
| 09:35 Mar 07,2013 |
| Renewal of health policies cannot be denied on the ground of age. |
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| IRDA caps commission of insurance distributors |
| 09:29 Mar 06,2013 |
| The regulator has revamped traditional policies by adding new changes. |
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| IRDA issues final guidelines on health insurance |
| 07:52 Feb 25,2013 |
| The regulator has standardized 46 terms and excluded 199 items from hospitalization policies. |
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| Insurance companies to issue standard proposal forms |
| 06:47 Feb 19,2013 |
| IRDA chief J Hari Narayan hopeful that parliament would soon pass the bill to hike FDI in insurance to 49%. |
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| AMFI revises code of conduct for MF distributors |
| 02:11 Jan 30,2013 |
| AMFI has expanded the scope of code of conduct for mutual fund distributors in line with the recent regulatory changes made by SEBI |
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| Insurance products to have death benefit and surrender value |
| 10:28 Jan 10,2013 |
| IRDA revises norms for traditional policies. |
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| Traditional life insurance products to get a new look soon |
| 10:28 Dec 27,2012 |
| IRDA is looking to restructure the design of traditional life insurance products. |
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| SEBI cracks down on mis-selling; terms it a fraudulent practice |
| 06:05 Dec 13,2012 |
| Mis-selling of mutual funds will now be punishable |
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| SEBI announces RGESS norms |
| 09:34 Dec 08,2012 |
| The regulator has asked stock exchanges to shortlist shares eligible for Rajiv Gandhi Equity Savings Scheme (RGESS). |
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| IRDA: Standard product guidelines will be released by first week of December |
| 02:06 Nov 19,2012 |
| Product clearance period will decrease to one month from three months. |
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| SEBI's International Advisory Board suggests uniform tax treatment for pension funds |
| 01:41 Nov 06,2012 |
| SEBI and AMCs should have an active partnering role to play in the development and penetration of pension industry in India, suggests International Advisory Board (IAB) |
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| IRDA allows 3 web aggregators to continue their business |
| 07:48 Oct 31,2012 |
| A number of web aggregators have moved out of the industry due to stringent regulations. |
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| IRDA caps the commission structure |
| 10:01 Oct 16,2012 |
| Insurers agree it will curb mis-selling but worried that small distributors may exit |
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| IRDA asks banks to be either act as a broker or agent |
| 02:00 Oct 11,2012 |
| Bancassurance can involve a single relationship with an insurance company or with multiple insurers across states. |
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| 38 IFAs face temporary suspension of commissions |
| 01:54 Oct 09,2012 |
| SEBI had asked AMCs to conduct due-diligence for IFAs with excessive portfolio turnover. |
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| IRDA releases exposure draft on general insurance IPO guidelines |
| 08:18 Sep 20,2012 |
| Insurers can’t approach SEBI directly |
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| SEBI asks AMCs to launch direct plans from January 2013 |
| 02:15 Sep 14,2012 |
| The regulator has asked AMCs to launch direct plans for existing and new schemes. |
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| MFs see an opportunity in tapping Sahara refund money but challenges abound |
| 09:14 Sep 05,2012 |
| Ravi Samalad speaks to fund house officials and distributors and finds that they are working on a strategy. |
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| Industry welcomes SEBI move to treat mis-selling as ‘fraud’; may prove tough to enforce |
| 09:34 Aug 28,2012 |
| It won’t be easy to prove a case of mis-selling unless transactions are recorded on paper. |
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| Life insurance commissions are rationalized in the second exposure draft, says experts |
| 04:35 Aug 24,2012 |
| Insurers unhappy with the introduction of minimum guaranteed surrender value. |
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| MFs welcome move to allow cash transactions |
| 09:38 Aug 24,2012 |
| R&Ts and AMCs are looking to tighten their processes and control systems to eliminate frauds while dealing with cash |
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| AMCs may not encourage direct investments; say it’s a costly affair |
| 10:06 Aug 22,2012 |
| While distributors are worried over the consequences of a direct plan, AMCs say they do not foresee investors rushing towards direct plans. |
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| SEBI asks AMFI to draft pension product guidelines |
| 10:48 Aug 13,2012 |
| Industry keen to tap the retirement market but currently mutual funds products do not get tax benefits |
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| SEBI exempts PAN for MF investments up to 50,000; experts say this will boost industry |
| 12:50 Aug 09,2012 |
| Investors can now invest up to Rs 50,000 annually in a single mutual fund per year without a permanent account number (PAN). |
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| Risk management is taken more seriously now: Pankaj Sharma |
| 12:48 Aug 08,2012 |
| In this second and concluding part of the interview, Pankaj Sharma, EVP – Head of Business Development and Risk Management at DSP BlackRock Investment Managers shares his thoughts on risks involved in various fund categories. |
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| IRDA mulling special facilities for senior insurance agents |
| 10:16 Aug 07,2012 |
| The regulator released an exposure draft on investment norms. |
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| MyInsuranceClub gets the license for web aggregator |
| 08:40 Jul 17,2012 |
| It is the first web-aggregator to get its license after IRDA made it mandatory for aggregators to follow new guideline announced last November. |
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| Insurers getting ready internally for re-filing of life insurance products |
| 08:22 Jul 08,2012 |
| The companies are looking at re-filing their best-selling products in the first round. |
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| Will the growth of life insurance premium continue during the current fiscal? |
| 06:02 Jun 29,2012 |
| Life insurance business recorded an increase of 1.4 percent in premium for first two months of the current fiscal |
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| RBI allows QFIs to invest in Infrastructure funds, slashes lock-in period to one year |
| 10:47 Jun 27,2012 |
| The central bank has also raised FII investment in government securities with immediate effect by $5 billion to $20 billion. |
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| IRDA wants insurers to re-file existing products, firms worried about their business prospects |
| 10:50 Jun 23,2012 |
| The regulator has directed all insurers to be ready to re-file their existing products according to its new product design guidelines. All products filed under earlier norms will have to be withdrawn by 1st October. |
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| SEBI to bring in distributor regulation soon; will support SRO formation |
| 01:40 Jun 21,2012 |
| Speaking at the CII Mutual Fund Summit 2012, UK Sinha said that the market regulator is in touch with various regulators for formulating fresh guidelines; SEBI is also ready to provide capital for an SRO |
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| ‘Allottee’ agents to adopt orphaned policies |
| 12:24 Jun 19,2012 |
| Regulator puts in place new guidelines for servicing orphan policies. |
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| Insurers less than 5 years old will be unable to launch super agency model |
| 06:41 Jun 19,2012 |
| According to the draft norms suggested by IRDA, only agents with 5 years’ experience in the life insurance industry will be able to form a super agency. |
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| IRDA wants agents to adopt super agency model, but advisors toe a cautious line |
| 04:58 Jun 12,2012 |
| The regulator had earlier suggested that the super agency model might help curb exit of agents and improve insurance penetration. But can such a model really take off? Cafemutual finds out. |
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| NISM revises CPE norms, hikes exam fees |
| 06:29 Jun 04,2012 |
| The National Institute of Securities Markets (NISM) has hiked the Continuing Professional Education (CPE) course fee more than two-fold, effective 1st June 2012. |
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| IRDA to allow the super agency model to help the industry retain agents |
| 07:12 May 21,2012 |
| The regulator wants to take steps to control the exodus of agents from the industry. |
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| IRDA clamps down on products with highest NAV guarantee |
| 05:41 May 14,2012 |
| Also, in order to ensure adequate cover, the regulator has ordered that death benefits should be linked to premiums paid. |
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| Indiabulls Mutual Fund files offer document for Indiabulls MIP Gold Plus |
| 02:45 Apr 24,2012 |
| This open-ended income scheme will invest in fixed income securities, gold ETFs, equity and equity related securities. |
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| FM wants to take insurance to semi-urban area through a new distribution channel |
| 10:51 Apr 05,2012 |
| In his address to the IRDA board of directors, the Finance Minister had plenty of advice for the regulator and industry to grow the business. |
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| IRDA demands IT upgrades from insurers using bancassurance |
| 10:09 Mar 22,2012 |
| The authority has modified some guidelines of reporting the business generated through bancassurance channel. Insurers have to abide by them from March 31, 2012. |
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| The budget is anti-inflationary and seems more realistic: Sandesh Kirkire |
| 05:47 Mar 20,2012 |
| Sandesh Kirkire, CEO, Kotak Mutual Fund says that the future direction for both the equity and the debt market would be driven by a combination of domestic factors like corporate performance and government finances, and global factors affecting the liquidity. |
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| IDFC files an offer document for its Infrastructure Debt Fund |
| 05:01 Mar 14,2012 |
| IDFC is the first to file an offer document for Infrastructure Debt Fund |
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| Budget expectations from MF officials |
| 03:28 Mar 14,2012 |
| Arindam Ghosh, CEO, Mirae Asset Global Investments says that the budget should grant equity status to international funds with over 65% exposure outside India. This according to him will be a definitive step to persuade Indian investors to take exposure to other financial markets through the mutual fund route. |
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| SEBI revises guidelines on debt valuation policy and advertising code |
| 07:00 Feb 23,2012 |
| Industry experts say that the new guidelines on valuations are aimed at protecting small investors and the rules will make debt markets more efficient. |
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| HIV/AIDS patients can also insure their lives |
| 12:00 Feb 04,2012 |
| Life and general insurers have to provide insurance to HIV/AIDS patients under health insurance policies. |
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| IRDA stresses on need-based selling |
| 11:36 Feb 03,2012 |
| As a step to curb mis-selling of insurance policies, IRDA proposes a ‘Prospect Product Mix’ tool for the industry. |
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| SEBI relaxes MF advertising code, raises PMS limit to 25 lakh |
| 11:39 Jan 30,2012 |
| The regulator has announced a few changes that impact the mutual fund, insurance and PMS industry. |
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| Dhawal Dalal: Time to invest? |
| 02:18 Jan 27,2012 |
| Govt Bond prices rallied sharply after the Reserve Bank of India cut the Cash Reserve Ratio from 6% to 5.50%, effective January 28, 2012, thereby releasing around Rs. 32,000 crore in systemic liquidity. |
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| New KYC rule onerous and cumbersome, complain distributors |
| 01:57 Jan 19,2012 |
| Distributors concerned about potential liabilities arising out of conducting in-person verification (IPV) of new investors. |
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| Insurance web aggregators find new IRDA regulations harsh |
| 10:35 Jan 05,2012 |
| Web aggregators are exploring new business model that will be viable in the light of the new guidelines that come into effect from next month. |
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| SEBI appoints CVL as KYC Registration Agency |
| 12:33 Jan 02,2012 |
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| SEBI may relax advertisement rule for mutual funds |
| 11:25 Dec 30,2011 |
| The new advertisement guidelines have made mutual fund ads cluttered and consume more space which increases AMC costs. |
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| AMCs seek clarity from SEBI for participating in repos of corporate debt securities |
| 06:27 Dec 12,2011 |
| Fund houses are seeking clarity on the accounting treatment from SEBI |
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| SEBI floats guidelines to set up KYC entities |
| 01:25 Dec 05,2011 |
| Allows wholly owned subsidiaries of stock exchanges, depository or SRO having net worth of Rs. 25 crore to become KYC Registration Agencies |
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| Four Life Insurance companies eligible to tap the capital market |
| 12:00 Dec 03,2011 |
| IRDA has announced the detailed final guidelines for IPO for life insurance players |
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| CBDT asks AMCs to cough up tax on PTCs |
| 09:38 Dec 02,2011 |
| The AMC may have to cough up income tax for investments made in pass through certificate (PTC) in 2008-09 |
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| IRDA issues draft guidelines for bancassurance |
| 11:36 Nov 25,2011 |
| According to IRDA’s draft guidelines, banks will be able to tie-up with multiple insurance companies (life, non-life and health) across the country |
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| Who will give the highest guaranteed returns? |
| 09:38 Nov 11,2011 |
| Tough competition could take place among insurers after IRDA relaxes minimum guaranteed returns for ULIPs |
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| Wealthforum submits its views on the concept paper to SEBI |
| 03:14 Nov 01,2011 |
| Here is the note given by the popular advisors forum to SEBI on the regulation of distributors |
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| Due diligence for 549 big distributors to start by December end |
| 02:57 Nov 01,2011 |
| SEBI asks for status check on due diligence of large distributors from AMCs |
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| Health insurance portability to be implemented from today |
| 01:51 Oct 03,2011 |
| Health insurance portability to be implemented from today |
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| Health Insurance Portability will not have a major impact on general insurance business |
| 05:14 Sep 14,2011 |
| Most of the policy holders would not instantly utilize portability introduced by IRDA as it involves a tedious process and gives less benefit in return |
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| Reliance Life plans to hire 1 lakh new advisors this year |
| 10:09 Sep 07,2011 |
| Malay Ghosh, Executive Director and President, Reliance Life Insurance Company Ltd talks about the changes in the life insurance sector and predicts that the industry will grow by 10-15% this year |
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| Implementing due diligence process a tough task for AMCs |
| 09:04 Aug 23,2011 |
| Fund houses will try to put in place systems to institutionalize the process; compliance cost for AMCs is likely to escalate |
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| AMCs and distributors awaiting clarity on ‘big distributors’ regulation |
| 06:50 Jul 29,2011 |
| AMCs and distributors are anxious to know the details on the new regulation relating to ‘big distributors’ regulation |
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| No transfer of trail if IFAs shift assets to online distribution platforms, AMFI decides |
| 12:20 Jul 13,2011 |
| AMFI in its board meeting held on Tuesday has decided to keep the existing trail commission guidelines unchanged |
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| Portability schemes will restrict coverage only to the limit of pre-existing health insurance |
| 05:16 Jun 24,2011 |
| Consumers won’t be able to take the advantage of higher coverage if they change their insurers under portability |
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| Insurers having 10 years of experience will be allowed for listing, says IRDA |
| 03:11 Jun 23,2011 |
| So far, among the 24 players, only ICICI Prudential life, HDFC Standard Life and SBI Life fulfill the criteria |
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| General insurers unhappy with certain IRDA merger norms |
| 01:25 Jun 09,2011 |
| IRDA announces merger and acquisition norms for general insurance players; insurance miffed with certain norms and demand more clarity |
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| A spate of new product launches by life insurance companies |
| 09:33 Jun 02,2011 |
| In spite of a decline in investors’ interest towards multiple premium policies, insurers are launching new products |
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| Fund officials allege distributors flouting ARN guideline |
| 04:49 Jun 02,2011 |
| AMFI has asked national distributors and banks advising mutual funds to furnish employee registration status to make sure that they comply with AMFI ARN registration rule |
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| Deutsche AMC denies any violation of MF norms |
| 06:01 Apr 25,2011 |
| Deutsche AMC maintains that their schemes meet SEBI as well as their own stringent internal guidelines |
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| IPO guidelines for life insurers by month end: IRDA |
| 09:32 Apr 12,2011 |
| IRDA is likely to come out with IPO guidelines for life insurance companies by the end of this month |
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| No variable insurance product to be sold over distance marketing mode, says IRDA |
| 06:34 Apr 06,2011 |
| IRDA today issued guidelines on distance marketing of insurance products that come into effect from 1st October, 2011 |
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| SEBI asks AMCs to implement sales guidelines for national distributors |
| 05:44 Mar 24,2011 |
| IFAs not likely to be a part of this compliance process |
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| Distributors want to embed commission structure in application forms |
| 09:30 Mar 21,2011 |
| Charging fee from investors continues to be a hotly debated issue. An interesting format was discussed at an IFA Galaxy meet in Trichy |
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| ‘It’s important to get long term investors rather than just putting the money across and buying assets’ |
| 09:36 Mar 18,2011 |
| Ashu Suyash, Managing Director & Country Head, Fidelity MF says that the FMPs may not sustain the growth rate once DTC kicks in |
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| Nomination must from April 1 |
| 09:31 Feb 15,2011 |
| Mutual funds have to ensure all investors register their nominations with them. This is part of the AMFI best practices guidelines for mutual funds and RTAs |
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| IRDA asks for lesser policy lapses |
| 10:07 Feb 15,2011 |
| Life insurance agents will have to ensure that at least 50 per cent of their clients do not default on premium payment from 2011-12 |
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| Health cover portability cleared |
| 10:19 Feb 11,2011 |
| Insurance regulator development authority (IRDA) on Thursday gave its go ahead to introduce health insurance portability from 1st July 2011 |
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| SEBI now wants norms for distributors |
| 07:12 Feb 07,2011 |
| SEBI's Vaidyanathan says the regulator wants mutual funds to create a framework for empanelling distributors |
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| Stiff norms for intermediaries |
| 08:41 Jan 19,2011 |
| The market regulator has invited feedback on outsourcing activities relating to intermediaries by 05 February 2011 |
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| MFs to track investments by politicians |
| 05:42 Dec 14,2010 |
| MFs to start monitoring investments by politicians and their close associates from January 1, 2011 |
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| Cash in liquid funds up to 40% |
| 06:33 Dec 10,2010 |
| MFs hold as high as 40% in cash in liquid schemes to manage volatile flows from banks |
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| SEBI wants AMCs to clarify transferability clause |
| 05:18 Sep 10,2010 |
| Mutual fund units held in dematerialised form are now freely transferable, finds team Cafemutual. Read to know more |
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| ‘AMC’s risk management team should have teeth’ says Pankaj Sharma, DSP BlackRock Investment Managers |
| 10:18 Aug 07,2012 |
| Pankaj Sharma, Executive Vice President - Head of Business Development & Risk Management at DSP BlackRock Investment Managers provides an insightful perspective on the risk management practices. |
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| Pune Investment Advisors Association grows to 105 members in 10 months |
| 10:21 May 30,2012 |
| Bhushan Mahajan, the man behind Pune Investment Advisors Association, talks to Cafemutual on how his group is trying to educate investors in Pune about fee-based financial planning. |
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| ‘Our focus has been on penetrating the untapped geographies’ (Part 1) |
| 02:10 Feb 27,2012 |
| Akshay Gupta, MD & CEO of Peerless Mutual Fund, says that the distributors can be winners if they sell solution-based products. |
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| Insurance industry targets annual growth of 20 to 22% |
| 05:49 Apr 13,2011 |
| A number of changes are required to accelerate the industry growth, according to a study by BCG and FICCI |
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| Asset Allocation |
| 06:11 Dec 12,2010 |
| Find out how asset allocation can help determine the success of your clients |
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| Distributors to benefit from regulation |
| 02:58 Nov 26,2010 |
| V Ramesh, Deputy CEO of AMFI, has a word of cheer for distributors |
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