FDI in insurance: Need to ensure transparency in operations
Shaking off a languid approach to regulation in crucial areas and developing transparency in operations are keys to enable FDI and enhance insurance penetration.
by Source: Financial Express Apr 29, 2021
PF, FDs, gold loans, mutual funds all point to Covid effect on financial health
There has been a major dip in contribution to the EPFO during the last financial year
by Source: TOI Apr 29, 2021
Don't discriminate between patients with cash, cashless insurance policies: IRDA tells hospitals
The IRDA missive comes amid reports that some families of COVID-19 patients were allegedly forced to opt for cash payment for settling hospital bills despite having cashless insurance policies
by Source: Mint Apr 29, 2021
HDFC AMC’s steady market share erosion worries investors
On a quarterly average asset under management basis, the fund house’s share stood at 16.7% in March, down from 17.2% in December and 16.9% a year ago
by Source: Mint Apr 29, 2021
SBI General Insurance to bear cost of COVID vaccination for active agents, POSPs
"It's certainly commendable to witness our own COVID warriors i.e. our channel partners, who have stood firm and helped the organisation navigate the uncertain environment," SBIG's managing director and CEO PC Kandpal said.
by Source: ET Apr 28, 2021
Aditya Birla Mutual Fund, headed for a listing, has one missing ingredient
Aditya Birla Sun Life Mutual Fund is the only fund house among the top five that doesn’t have a bank as a parent or sibling
by Source: Mint Apr 28, 2021
Debt MFs confident of surfing Covid-19 2nd wave despite corporate defaults
Industry players say shift to high-quality paper will help them tide the turmoil
by Source: Business Standard Apr 28, 2021
Investors oppose Nippon Asset Management chief's remuneration offer
About 83 per cent, or 28.6 million of the 34.47 million votes polled by the public institution opted "against" the special resolution
by Source: Business Standard Apr 28, 2021
Use every sharp dip to top-up investments: Jinesh Gopani of Axis Mutual Fund
Equity mutual fund investors made handsome returns last year. However, they continue to be extremely concerned about the future course of the market.
by Source: ET Apr 28, 2021
SIP Surge: Are conservative FD, PF investors also investing in mutual funds?
The SIP inflow of Rs 9,182 crore witnessed in March 2021 was a robust one in comparison to the total SIP inflow of Rs 7,528 crore in February 2021.
by Source: Financial Express Apr 27, 2021
HDFC Life Insurance Q4 net profit rises 2.3% to Rs 319 crore
HDFC Life's Value of New Business (VNB) increased by 14 percent YoY to Rs 2,185 crore.
by Source: Moneycontrol Apr 27, 2021
India-dedicated funds see inflows of $192 mn in March, AUM up 5.7%
Global emerging market funds saw inflows of $1.52 billion, taking the CY21 inflows of such funds to about $3.62 billion
by Source: Business Standard Apr 27, 2021
‘Prefer banking & PSU and corporate bond funds’
Debt mutual fund investors are facing confusing times. The softer rates hadn’t exactly been music to their years. ETMutualFunds.com spoke to Kumaresh Ramakrishnan, CIO - debt, PGIM India Mutual Fund, for clues.
by Source: ET Apr 27, 2021
Vaccinate banking and insurance sector staff on ‘priority basis’: FinMin to States
The DFS letter pointed out that the Parliamentary Standing Committee on Home Affairs on the management of Covid-19 pandemic had recently recognised banking and other financial services industry personnel as ‘Covid Warriors’
by Source:BusinessLine Apr 27, 2021
MFs struggle to crack B30 code, shares remain in 15-17% range of AUM
Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors
by Source: Business Standard Apr 27, 2021
