Most insurance frauds committed by former employees, finds Chandigarh police
Chandigarh: In at least seven out of 17 cases of fraud disguised as investments in insurance policies, the apprehended suspects were found to be former employees of various insurance companies, from where they stole records of insured people upon leaving their jobs.

Health insurance policy for the elderly: How to choose the right one
 

Sebi asks brokers functioning in ‘execution only platform’ to maintain minimum capital deposit
Capital markets regulator Sebi on Friday asked stock brokers functioning only in the Execution Only Platforms (EOP) segment to maintain a sum of Rs 10 lakh with the bourse as a base minimum capital deposit.

With scan and pay, PFRDA aims hassle-free national pension system contributions
New Delhi: Pension regulator PFRDA has enabled another mode of voluntary contribution for the benefit of NPS subscribers. They can now easily contribute under D Remit through personalised Quick Response (QR) code, which would quicken transaction time like never before.

Debt fund managers decode RBI policy for investors
The Reserve Bank of India held its policy rates in its policy review on Friday. The central bank kept the Repo Rate unchanged at 6.5%, but it said the inflation scenario has to be watched closely. It also maintained the policy stance of ‘withdrawal the accommodation.’ A few prominent debt fund managers explain what the policy review means to mutual fund investors.

Sunil Subramaniam on 4 ways Sundaram Mutual changed stance in last 6 months
Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “we are back to being neutral to overweight on cement, so that is one big change in stance. The second stance is that we were heavily underweight in pharma; we moved that to neutral because we see a lot of selective stocks that we can buy there. The third is in terms of the new-age IPOs. We are buying into these IPOs a few months after listing because the IPOs tend to have the prices jacked up a bit.

These twelve tax-saving equity mutual funds gave alpha returns in three years. Do you own any of these?
Investments in Equity Linked Saving Scheme of mutual funds, popularly known as ELSS, are eligible for an income tax deduction under Section 80C of the Income Tax Act, subject to a 3-year lock-in period. ELSS funds, also referred to as tax-saving funds, have the dual advantage of wealth creation as well as tax savings. An investor can claim a deduction of up to ₹1.50 lakh .

Baroda BNP Paribas Mutual Fund launches Baroda BNP Paribas Small Cap Fund
Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Small Cap Fund, an open-ended equity scheme predominantly investing in small-cap stocks.

FIIs offload ₹90 crore in Indian equities as crude prices dip; DIIs invest ₹783 crore; check details
Foreign institutional investors (FIIs) continued selling on Friday, October 6, even as domestic equity benchmarks Sensex and Nifty settled higher as crude oil price corrected sharply to $84 per barrel. The domestic institutional investors (DIIs) are net buyers again and invested ₹783.25 crore in Indian stocks today.

Vedanta open to changing terms of proposal to delay bond payment
Representatives of Vedanta Resources Ltd told investors they’re open to revising a proposal to delay payments on the miner’s dollar bonds, according to people familiar with the matter, after debt holders pushed back on initial terms.

Indian bond yields seen flattish before key RBI decision, commentary
Indian government bond yields are expected to remain largely unchanged in the opening session on Friday as market participants await the Reserve Bank of India’s monetary policy decision and commentary for further cues.

US 10-year yields highest since 2007 on strong jobs report
Benchmark 10-year US Treasury yields hit 16-year highs on Friday after data showed that employers added 336,000 jobs in September, well above the 170,000 that was expected by economists.

G-Sec market spooked by possibility of RBI conducting OMO sales