SBI launches special FD scheme for senior citizens
SBI has launched a special fixed deposit (FD) scheme for senior citizens called ‘SBI Wecare Deposit’
by Mint May 8, 2020
Guaranteed life insurance plan: Pay for 7 years and get assured returns till 14th year – Check details
Guaranteed insurance plans suit those who are ultra-conservative and are not willing to take any risk with their capital.
by The Financial Express May 8, 2020
Mutual fund distributors body wants RBI to buy troubled portfolios from fund houses, pay investors
In the wake of Franklin Templeton wounding up six of its debt mutual fund schemes, India’s largest mutual fund distributors body has urged the Reserve Bank of India to set up a SPV to buy portfolios from troubled fund houses and pay off investors.
by The Financial Express May 8, 2020
Best aggressive hybrid mutual funds to invest in 2020
If you are a conservative equity investor looking to grow your investment without too much volatility over a long period, you should consider investing in aggressive hybrid schemes.
by The Economic Times May 8, 2020
Inflows into equity mutual funds plunges 27% to Rs 81,600 crore in FY20
According to the data, net inflows into equity funds, which also include equity-linked saving schemes (ELSS), were Rs 81,600 crore in the last fiscal as against Rs 1,11,858 crore in 2018-19.
by The Economic Times May 8, 2020
NSE readying its systems to handle crude-crash like crises
The National Stock Exchange (NSE) on Wednesday said it was working to equip its systems to handle crises such as that caused by the crash in crude prices.
by The Financial Express May 7, 2020
Franklin chief says tightening of unlisted debt added to pressure
Sebi regulations required fund houses to cap exposure to such papers at 10% of scheme assets
by Business Standard May 7, 2020
Opinion | We need to recategorise mutual funds for the benefit of retail investors
We need a few well-thought mutual fund categories of equity, debt and balanced
by Mint May 7, 2020
Debt funds’ AUM take Rs 18k-cr hit in April
The daily AUM of such funds stood at Rs 74,709.11 crore in April, compared with `80,377.59 crore in March — declining Rs 5,668.48 crore.
by The Financial Express May 7, 2020
Mutual funds forced to sell less liquid corporate bonds at high spreads
The RBI took steps to inject more liquidity into the fund industry through bank loans after Franklin Templeton shocked markets by shutting six debt funds last month
by Mint May 7, 2020
You might not get the option to pay health premiums in instalments
Irdai has asked insurance companies to allow policyholders to pay their annual health insurance premiums on a monthly, quarterly or half-yearly basis, but not all insurance companies have provisioned for this facility and the few that have might not offer the option to all policyholders
by Mint May 7, 2020
Are insurance plans better than debt mutual funds in the current scenario?
Many wealth managers are asking their clients, especially those with deep pockets, to consider “investing’ in insurance plans that offer guaranteed returns in the wake of the ongoing crisis of confidence faced by the debt mutual funds.
by The Economic Times May 7, 2020
Set up special vehicle to give liquidity to MF: Group tells central bank
Distributor's association asks regulators to extend direct credit line for industry.
by Business Standard May 6, 2020
Franklin Templeton effect: Credit risk funds see AUM decline by Rs 19,000 crore in April
Credit risk funds have seen assets decline by nearly Rs 19,000 crore in April as investors rushed to redeem their money after the closure of six debt schemes by Franklin Templeton Mutual Fund, data showed.
by The Financial Express May 6, 2020
Time to rebalance your portfolio, invest more in equity mutual funds
The global economy is already in recession. Travel and tourism, restaurants, movie theatres and scores of other businesses have suddenly come to a standstill.
by The Economic Times May 6, 2020