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
Market volatility is back. Take the SIP route to harness volatility
While retail traders may get burnt due to the ongoing volatility, there is no need for long-term investors to panic because this will get over in some time. Due to rupee cost averaging, volatility works in favour of SIP investors.
by Source: ET Apr 26, 2021
Insurers get nod to invest in debt instruments of InvITs, Reits
The nod came after Irdai had allowed insurers in March to invest in the units of such pooled investment vehicles
by Source: Mint Apr 26, 2021
Insurers to report hospitals levying excess charges, denying cashless facility
Irdai said while reviewing cashless requests, insurers are also advised to ensure that policyholders are charged as per rates agreed to by network providers wherever applicable
by Source: Mint Apr 26, 2021
Franklin Templeton investors to get Rs 2,000 cr next month
The six suspended debt schemes of Franklin Templeton have received ₹1,536 crore from maturities, coupons, sale of asset and prepayments in the fortnight ended April 15
by Source:BusinessLine Apr 26, 2021
Mutual funds add more than 81 lakh investor accounts in 2020-21
The industry had added 72.89 lakh investor accounts in 2019-20, according to data from the Association of Mutual Funds in India.
by Source: Mint Apr 26, 2021
Category-III AIFs increasingly forego lock-ins, turn to open-ended schemes
Majority of funds now open for subscription have no lock-in
by Source: Business Standard Apr 24, 2021
Insurance industry reports a tepid 5% growth in FY21
Standalone health insurers like Star Health, Aditya Birla Health Insurance, Max Bupa reported robust growth in their gross direct premium income (GDPI) in FY21.
by Source: ET Apr 24, 2021
Indian equity funds see biggest outflow in 3 months
Hit by rising coronavirus cases, Indian equity funds faced an outflow of $287 million in the week, the data showed, their biggest outflow in three months.
by Source: ET Apr 24, 2021
ULIPs remain popular despite tax tweak, on par with equity mutual funds
Industry players say awareness of products rose after Budget
by Source: Business Standard Apr 24, 2021
Inflows in sustainable funds surge 76 % to Rs 3,686 crore in FY21
Driven by increased investor interest in environmental, social and governance issues, sustainable funds in India attracted Rs 3,686 crore in the 2020-21, a jump of 76 per cent from the preceding fiscal.
by Source: ET Apr 24, 2021
COVID situation not sustainable for insurance sector, says Max Bupa
An analyst said there could be premium increases of up to 25 per cent in the sector if the coronavirus cases rise more than expected
by Source: Mint Apr 23, 2021