RCap writes to IRDAI, says approval for insurance stake transfer sought to avoid delays
Mumbai: Reliance Capital has written to the Insurance Regualtory and Development Authority of India (IRDAI) explaining that prior approval for transfer of stake of the insurance arm was sought to avoid any delays in the resolution process, sources told businessline.

Shriram Group’s Assets Under Management cross ₹2.55 lakh cr.
Chennai-based Shriram Group’s Assets Under Management (AUM) for the September quarter crossed the ₹2.55-lakh crore mark against ₹2.5 lakh crore in the previous quarter.

HDFC Life launches life insurance plan with guaranteed benefits – Check details
HDFC Life, one of India’s leading life insurers, has launched a new product – HDFC Life Click 2 Achieve — a guaranteed savings life insurance plan. The plan is designed to safeguard the future of loved ones’ and attain their financial objectives.

7 tips to choose the best term insurance plan
Having insurance coverage is crucial for managing a health emergency, but it’s equally important to maintain financial stability when faced with a health crisis. Often there are many confusions and doubts when you purchase a term insurance plan, but these can be addressed if you carefully assess your requirements.

Non-par products haven't really picked up much: Bajaj Allianz Life MD & CEO
Source Credit: Manojit Saha, Business Standard

Rel Gen Insurance’s 25% equity transfer to Hinduja faces IRDAI objection
 

CCI approves Temasek, India Business Excellence Fund-IV stake buy in Niva Bupa Health Insurance
The Competition Commission of India (CCI) on Tuesday said it has given its nod for Temasek controlled entity’s stake buy in Niva Bupa Health Insurance Company Ltd (Niva Bupa).  Simultaneously, the fair trade regulator has also approved the acquisition of certain stake in Niva Bupa by India Business Excellence Fund-IV (Motilal Oswal Alternate Investment Advisors).

Probus Insurance joins hands with Disney+ Hotstar for Pro Kabaddi League 2023
Probus Insurance, an Insurtech brand, collaborates with Disney+ Hotstar again, for Pro Kabaddi League 2023. Like their previous association, Probus will again be the exclusive partner for the Action Replay bug for Pro Kabaddi League Season 10, featuring their brand ambassador, Bollywood celebrity Hrithik Roshan. 

Sebi revises norms on upstreaming of clients’ funds by stock brokers
The Securities and Exchange Board of India (Sebi) has revised the framework for upstreaming of clients’ funds to clearing corporations by stock brokers and clearing members, the regulator said through a circular.

Sebi move on reducing SIP minimum size good, but need to reduce KYC & transaction costs: Nilesh Shah
Nilesh Shah, MD, Kotak AMC, says “no one would like to run a loss-making business for long. Today, we are doing this more as an experimentation with the bottom of the pyramid and ensuring that our technology, our communication, and our services are up to their expectations. But once we put in place the KYC cost and the transaction processing cost, then the industry will go all out in marketing this SIP. My dream as an AMC CEO will be to ensure that no Indians get lured by Ponzi schemes, but all become my industry's SIP investors and secure financial future.”

SEBI allows brokers to invest clients’ fund in overnight MF schemes
Mumbai: Capital market regulator SEBI has allowed stock brokers and clearing members to park client funds in mutual fund overnight schemes as they invest only in risk-free government securities. Brokers and clearing members should ensure that the overnight schemes invest only in government bond, overnight repo markets and overnight Tri-party Repo Dealing and Settlement (TREPS). Such Mutual Fund Overnight Schemes (MFOS) units should be in dematerialised (demat) form and must necessarily be pledged with a clearing corporation at all times.

Sebi paper holds out big hope for private debt issuers and retail investors
 

Consistent inflows push small cap funds AUM past Rs 2 lakh crore mark in November
Strong, incessant net flows and favourable market conditions propped up the assets base for the small-cap mutual fund category to cross Rs 2 lakh crore mark in November-end, a sharp surge of 69 per cent from a year earlier. On a month-on-month basis, the Assets Under Management (AUM) of the category grew 10 per cent to Rs 1.99 lakh crore, data with the Association of Mutual Funds in India (AMFI) showed.

Bajaj Finserv MF plans small-cap fund in January-March 2024, says CEO Mohan
New Delhi: Bajaj Finserv Asset Management Ltd (BFAML) plans to launch a small-cap focused mutual fund (MF) scheme in January-March 2024, according to its Chief Executive Officer Ganesh Mohan. This would be followed up with a large- and mid-cap focused scheme, as the recent entrant in the MF industry looks to broaden its bouquet of debt and equity offerings. “We have filed the papers and applied for the small-cap equity fund. We are looking at the first quarter of next calendar year for launch,” Mohan told businessline here.

Axis MF's fixed maturity fund collects Rs 600 crore in NFO period
Leading fund house Axis Mutual Fund on Monday said it has garnered over Rs 600 crore from the New Fund Offering (NFO) of its debt scheme, Axis Fixed Term Plan Series 118 (100 days). The fund, a close-ended debt scheme with a moderate interest rate risk and moderate credit risk, opened on November 28 and closed on December 4, Axis Mutual Fund said in a statement.

Investing in silver ETFs comes with several advantages: Chintan Haria of ICICI Pru Mutual Fund
In the investment world, silver often plays second fiddle to its more popular cousin, gold. However, investors looking for a diversified and resilient portfolio might want to turn their attention to silver. This precious metal has unique attributes that make it an attractive investment, particularly when accessed through Exchange-Traded Funds (ETFs). In this article, we delve into the reasons why silver, especially through ETFs, should be considered a valuable addition to your investment portfolio.

Bandhan Mutual Fund launches Bandhan Nifty Smallcap 250 Index Fund; all you need to know
Bandhan Mutual Fund (formerly IDFC Mutual Fund) announced the launch of the Bandhan Nifty Smallcap 250 Index Fund. The scheme opened for public subscription on December 12, 2023, and will close on December 19, 2023. The scheme re-opens for ongoing subscription and redemption within five business days from the date of allotment of units.

Top 20 equity mutual fund schemes offer over 45% in 2023

As the year is drawing to a close, it is customary to look how mutual fund investments fared in 2023. Most investors would already know that most equity schemes offered good returns. Here is something that will make these investors happier. ETMutualFunds looked at the top performing equity mutual funds and found out that top 20 schemes offered over 45% in 2023. ETMutualFunds analysed the performance of 417 equity mutual fund schemes and looked at the year to date returns.

Mirae Asset NYSE FANG+ETF FoF, the topper in the list, offered 80.65% in 2023. Edelweiss US Technology Equity FOF gave 54.97%. Both these schemes invest in the overseas market.

Mahindra Manulife Small Cap Fund and Nippon India Power & Infra Fund offered 50.79% and 50.20% respectively in 2023.

Why investors need to move beyond finding the highest performing fund manager
Working with money managers (listed equity mutual funds/PMSs/AIFs) is the aspect of the investment process that is typically the most exciting for investors but possibly contributes the least to their wealth growth. Observing those who are most obsessed with money managers is one of the most effective methods for identifying investors who are likely to have relatively little success over time.

Aye Finance to raise Rs 310 crore in equity from British investor and others

Kolkata: CapitalG-backed Aye Finance has finalised a plan to raise Rs 310 crore by selling shares to British International Investment, Waterfield Advisors and A91 Partners, as the non-bank lender is looking to scale up operations.

Mirae Asset to buy Sharekhan from BNP Paribas for ₹3,080 cr
 

Best bond forecasters of 2023 say the rally is doomed to fizzle
The most accurate US bond forecasters of 2023 say the strong year-end rally won't stretch into 2024.

The Worlds Largest Life Insurers, 2023
Allianz SE, China Life Insurance Co. Ltd. and Nippon Life Insurance Co. are the three largest life insurance companies in the world, according to a new ranking by S&P Global Market Intelligence.