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NPCI says it regrets inconvenience caused to mutual fund investors

The life insurance industry in total paid 8.46 lakh claims on individual policies, with a total payout of Rs 18042 crore in the FY20, data from the latest Insurance Regulatory and Development Authority of India’s annual report showed. Claim settlement ratio is a metric to gauge the percentage of life insurance claims an insurer has settled during a financial year against the number of claims it receives in the period.

Currently, driving licence, car registration, voter ID, PAN card, school and college certificates, and many other documents issued by the government can be saved digitally

Kotak AMC MD talks about funds that will help you make money even when interest rates go up

Although Budget 2021 spoke of a new entity to buy investment-grade stressed securities from the market, fund managers wonder if the body would buy anything other than the highest rated instruments

High government borrowing outlined by Budget 2021 may push interest rates up sometime this year. This helps liquid funds whose returns have hit rock-bottom levels.

The run on credit risk funds was triggered by the Franklin Templeton Mutual Fund’s decision to shut down six of its popular schemes last year due to huge exposure to lower grade papers.

The Securities and Exchange Board of India (Sebi) is eyeing a major technological leap in its surveillance and investigation functions.

NPCI upgraded its automated payment system on January 31 but problems with implementation resulted in investors not receiving the units they purchased on time, said people aware of the matter.

Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers

State development loan yields are rising in tandem with Centre's bond yield

The rebound in the shares of State Bank of India (SBI) has helped revive the fortunes of some of the popular equity-oriented schemes in the country.

The Supreme Court of India has approved the distribution frame work submitted by SBI Mutual Fund to distribute Rs 9,122 crore to the unitholders in Franklin case.

Having witnessed a net outflow of Rs 141 crore in November 2020, the Gold ETF category is once again back on investors' radar.

Top performers within domain include Tata Banking & Financial Services (15.6%), SBI Banking and Financial Services Fund (16.3%) and Sundaram Fin Services Opp (15.5%)