News From Press

FM has also clarified that cashless service will be available at all places

A blip or a pause of three months should not affect the long-term story of our economy, says Ashwani Bhatia, MD, State Bank of India

Ever since Franklin Templeton shut its six debt schemes on April 23, 2020, investors have been asking the question or variations of it to their advisors, fund managers and media persons.

Market participants say if the fund house is able to put the 2020 debacle behind by returning money to investors of the six debt schemes, it can make a strong come back

Platforms can provide advisory services only after an agreement is signed with the client, Sebi said

For investors in bond funds, these strategies - better yields than inflation, reinvestment, barbell strategies, and credits - are where we see the best opportunities

Operational and compliance challenges foreseen for fund houses in deducting tax at source, resulting in possible TDS mismatches and disputes with investors

The new rates for 2021-22 are yet to be notified by IRDAI

The insurer earned about Rs 1.27 trillion under pension and group insurance schemes last year

Aegon Life CEO keeps the faith in equities for his long-term money goals

There are many ways to invest in equities – direct investment in stocks, through Mutual Fund (MF), through Portfolio Management Service (PMS) etc.

The policy is available to 18 to 65 year olds. It offers coverage against diagnosis of terminal illness with accelerated pay-out from the base life cover of up to Rs1 crore

Swarup Mohanty, CEO, Mirae Asset, says the step is aimed to discourage heavy inflows in the mid cap, focused and tax-saving funds

The latest to exit the embattled mutual fund is its national sales director Peshotan Dastoor, who has quit after spending 13 years with the firm

In the motor portfolio, motor third party (TP) premium — which has not been hiked by the Insurance Regulatory and Development Authority of India (Irdai) in FY21 — has grown 5 per cent to Rs 10,650 crore.