Bima Vahak norms to be effective from launch of Bima Vistaar: IRDAI
The guidelines for women-centric insurance distribution channel, Bima Vahak, will come into force with the launch of Bima Vistaar, according to the insurance regulator.

Life insurers face value of new business margin pressure in second quarter
The premium of non-life insurers are expected to report decent growth, backed by improvement in business across segments.
 

LIC's market share drops to 58.5% till September from 68.2% in a year
Source Credit: Aathira Varier, Business Standard

Mumbai: The share of Life Insurance Corporation of India (LIC) in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent in September 2023 from 68.25 per cent in September 2022 -- a drop of 975 basis points owing to shortcomings in the product and distribution side of business.
 

Premiums of non-life insurance companies rise by 14.86% in H1FY24

In September 2023 alone, general insurers saw their premia rise by 29.06 per cent to Rs 23,706.35 crore, up from Rs 18,999.90 crore in the same month of the previous year.

ManipalCigna Accident Shield: Customisable personal accident plan with up to Rs 25 crore sum insured
ManipalCigna Health Insurance has launched ‘ManipalCigna Accident Shield’, an advanced personal accident plan that offers comprehensive coverage for Accidental Death (AD), Permanent Total Disablement (PTD), and Permanent Partial Disablement (PPD).

InsuranceDekho raises $60 million in Series B funding
Insurtech start-up InsuranceDekho has raised $60 million in its ongoing Series B funding round.

Sebi notifies disclosure rules; extends timeline for confirmation or denial of market rumours
To streamline disclosure requirements, Sebi has notified new rules and extended the deadlines for mandatory confirmation or denial of market rumours by listed companies. This came after Securities and Exchange Board of India (Sebi), through a circular in late September, gave more time to listed companies to comply with the deadlines.

Navneet Munot elected AMFI chairman
Mumbai: The Association of Mutual Funds in India has elected Navneet Munot, the Managing Director and CEO of HDFC Asset Management, as the Chairman at its Board meeting, held recently.

Baroda BNP Paribas Small Cap NFO: Should you invest in the frenzied space? bl-premium-article-image
If you’ve been keeping a close eye on the stock market, you’ve likely noticed the remarkable performance of small-cap stocks. Over the past year, small-cap equity mutual funds have consistently outperformed, claiming top spots in various performance charts, including longer-term periods like 3 and 5 years. Enter Baroda BNP Paribas MF with its latest offering, the ‘Baroda BNP Paribas Small Cap Fund,’ marking the 23rd actively-managed scheme in this category. The last year has witnessed a surge in index fund launches tied to small-cap indices. The new fund offer period remains open until October 20, 2023. So, what sets apart the Baroda BNP Paribas Small Cap Fund? Is investing in small-caps a wise move right now? What sets this new offering’s strategy apart? Let’s delve into a comprehensive review.

HDFC AMC's Navneet Munot elected as chairman of AMFI, to take charge on October 16
Association of Mutual Funds in India (AMFI) Tuesday said Navneet Munot, MD and CEO of HDFC Asset Management, has been elected as the chairman of the industry body. He was elected to this position in a board meeting following 28th AGM held in September, PTI reported.

Keeping equity at a slightly lower level vs. longer term average: Ashutosh Bhargava, Nippon India MF
Ashutosh Bhargava, Fund Manager and Head of Research, Nippon India Mutual Fund, says “in terms of quality, 80-85% of the fixed income assets are in the investment-grade category and where most of the assets are into government or government-related securities. We are keeping both duration and credit risk low as far as our sustainable strategy is concerned.”

Mutual funds Vs ULIPs: What is better for investing in midcaps and smallcaps?
Vivek Jain, Vice-President, Policybazaar.com and Pankaj Mathpal, MD, Optima Money Managers, in conversation with ET Now.

Prashant Jain’s HDFC MF schemes retain his Midas touch even after exit
The schemes managed by former HDFC Mutual Fund chief investment officer Prashant Jain continue to remain in the pink of health, a year after the star fund manager’s departure, rewarding investors who have stayed put.

PE inflows plunge 65% to USD 1.81 bn in July-September
Private equity (PE) investments in India fell 65.4 per cent to USD 1.81 billion in July-September 2023 as compared to the year-ago period, according to an industry report. In the year-ago period, PE investment was USD 5.23 billion.

Angel, VC funding surge to $878 mn in Sep after Aug fall
 

India bond selloff 'overdone', 10-year yield may ease to 7% by March: CLSA
The benchmark Indian bond yield is likely to ease towards 7% by end of the financial year with demand expected to remain strong, brokerage CLSA said late on Monday, as it turned bullish on bonds and called a recent selloff in the market "overdone".

India bond yields fall on bargain hunting, as U.S peers ease
Indian government bond yields settled lower on Tuesday as the recent surge in yields made fresh investments attractive and as U.S. Treasury rates came off highs.

RBI may conduct 500 billion rupees worth bond sales: Treasury officials
India’s central bank could sell around 500 billion rupees ($6.01 billion) of government bonds to narrow banking system liquidity, with the supply front-loaded in this quarter, eight treasury officials said. “Since the operation is being targeted to remove liquidity, the cap should be around 500 billion rupees,” said Abhishek Upadhyay, a senior economist at ICICI Securities Primary Dealership.