‘Indian insurers will lead bids for Reliance Industries’ mega bond issue’
 

Shriram General Insurance aims for 60% policy renewals in 2 years
Shriram General Insurance intends to increase its policy renewal rate to around 60% in the next two years from 40% currently.

Delhi air pollution: Severe air quality can hit your finances. Know how health insurance helps
Severe air pollution in Delhi at this time of the year has become an annual affair. While governments have failed to effectively curb the root causes behind deteriorating air quality in the National Capital Region, the gloomy atmosphere is leading to a rise in the number of patients with breathing issues. 

Queue for MF licences thins amid quick Sebi approval, withdrawals
There were, at the end of September, only two pending MF applications: By AngelOne and Unifi Capital. By comparison, there were 11 applications lying before the market regulator at the start of calendar year 2023.

“Only 10-yr rolling returns sahi hain”: AMFI to fund houses
The Association of Mutual Funds in India’s (AMFI) directive to fund houses regarding the use of projected returns in advertisements is a step in the right direction to curb mis-selling, say MF executives and distributors.

Mutual funds are taking a shining to new-age stocks

When Honasa Consumer, the parent of beauty and personal care brand Mamaearth, opened the anchor portion of its initial public offering (IPO) on October 30, domestic mutual funds bought shares worth Rs 253.61 crore. With this, Honasa Consumer has emerged as the latest addition to the growing list of new-age stocks finding traction among domestic mutual funds.

61% ELSS SIPs fail to beat benchmarks in 5 years; 3 schemes underperform by over 5% points

Mutual fund advisors typically ask investors to start investing every month via SIP or systematic investment plan in tax saving schemes or ELSS funds to save taxes under Section 80C of the Income Tax Act. An ETMutualFunds study revealed that most SIP investments failed to offer benchmark returns in five years. Three ELSS funds underperformed their benchmarks by over 5 percentage points. Only 13 schemes out of total 33 schemes offered extra returns over their benchmarks.

What are alpha and beta in a mutual fund?

Many new investors are entering mutual funds through SIPs and lump sum investments. Instead of merely looking at the returns in isolation, they need to understand the excess returns their fund generates when compared to the benchmark.

21 equity mutual fund schemes offer over 20% in 10 years

Around 21 equity schemes have offered more than 20% in the 10-year horizon, an analysis of performance showed. Around 144 schemes have completed 10 years of existence in the market.

Maharashtra, Gujarat and Karnataka lead mutual fund investments in India
Gujarat and Karnataka pipped Delhi to be positioned at the second and third slot respectively, in holding highest equity mutual fund asset in the September quarter. The equity asset of Gujarat and Karnataka jumped to ₹2.21 lakh crore and ₹1.99 lakh crore, while that of Delhi dropped to ₹ 1.94 lakh crore.

If there is value, buyers will find you in the middle of ocean, in the dead of the night: Siddharth Oberoi, Prudent Equity
While foreign institutional investors, aka the big bulls of Dalal Street, remain the primary driving force, the enormous amount of money poured in by the domestic investors in the last couple of years have helped in trapping the downside. Even as the global inflation and growth risks are prompting FIIs to pull money out of India, the faith in the country’s growth story has prompted domestic institutional and retail investors to invest relentlessly.

We would focus on private banks, insurance, real estate and consumer staples: Pratik Gupta
Pratik Gupta, CEO & Co-Head, Kotak Institutional Equities, says “while we are quite positive on the long-term and medium-term outlook for the Indian economy, for the businesses in general, one also has to anchor their investment portfolio to valuations and what is already priced in and the risk of disappointments and you still have a lot of geopolitical events, risks out there. In general, largecaps appear far more attractive to us versus small and midcaps”.

First sovereign gold bond (SGB) issue investors to get a bonanza on maturity
The Reserve Bank of India (RBI) issued the first tranche of Sovereign Gold Bonds (SGB) in November 2015. Investors in this maiden tranche of SGB are set to get a bonanza when the bonds finally mature on November 30, 2023., This is because in the last 8 years, the price of gold has more than doubled. The maturity price of the SGB is yet to be determined and announced by the RBI. However, going by the current gold rate, the bonds will give good returns on maturity.

Indian insurers to lead bids for Reliance Industries' mega bond issue
Reliance Industries' upcoming bond issue, touted to be the second-biggest for an Indian firm, will see strong demand from insurers, with aggressive bidding enabling the conglomerate to borrow at rates that just top the sovereign yield, several merchant bankers said.

Vedanta bondholders set high payout bar, want promoter to contribute capital, too

Mumbai: A group of Vedanta Resources (VRL) bond investors demanded the company pay at least 75% of the principal and interest on the bonds maturing in January next year and 25% on those maturing in March 2025.