Irdai sets up panel to simplify wording of insurance policies
New Delhi, Regulator Irdai on Thursday set up a committee to simplify the wording of insurance policies to help people make an informed decision before buying cover. The eight-member committee has been asked to submit its recommendations within 8-10 weeks.

7 key tips to save money on health insurance premiums
To chart out a personal finance strategy without factoring in unexpected medical expenses is practically impossible in today’s world. It wasn’t too long ago when the world experienced an unparalleled health crisis in the form of a deadly pandemic, the after-effects of which can still be felt with long-term health issues. On top of that, the cost of healthcare is rising across the world.

Sebi cracks down on finfluencer, orders disgorgement of Rs 17 crore
 

Zerodha Mutual Fund launches its maiden funds
Zerodha Mutual Fund, a joint venture between Zerodha Broking and Smallcase Technologies, launched its maiden funds - Zerodha Nifty LargeMidcap 250 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund.

Sebi proposes new type of high-risk mutual fund to compete with PMS
Markets regulator Sebi has written to the Association of Mutual Funds in India (AMFI), seeking the views of individual asset management companies (AMCs) on a new mutual fund category. The proposed category will cater to investors with a high risk appetite and will have a higher minimum investment. It will also have relaxed norms to generate high returns.

Despite strong run-up, equities offering attractive investment opportunities: Hitesh Zaveri, Axis AMC

While equity markets have seen a strong run-up in the last six months, there are enough attractive investment opportunities in the market, says Hitesh Zaveri, SVP and head, Listed Equity Alternatives, Axis AMC.

Edelweiss multi-cap NFO mops highest-ever collection of ₹1,000 cr

Deepak Jain, Head-Sales, Edelweiss Mutual Fund said the response for the NFO demonstrates the faith of over 65,000 investors and over 3,000 distribution partners pan-India which played a crucial role in facilitating the fund mobilisation. The primary objective of the Multi Cap Fund is to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments across large-, mid- and small-cap stocks. The scheme will be benchmarked against Nifty 500 Multicap 50:25:25 TRI.

Aditya Birla Sun Life AMC net down 7% at ₹178 crore
 

ASK Group is shaping up like Blackstone
Blackstone-backed ASK Group recently announced a foray into the hedge funds and private credit businesses saying it plans to grow its assets to $5 billion in the next four to five years. Sunil Rohokale, MD and chief executive at ASK Group talks to Raghavendra Kamath about the Group’s strategy.

P-notes investment continues to swell for seventh month on robust macros
Investment in the Indian capital markets through participatory notes rose over a six-year high at Rs 1.33 lakh crore at September-end, making it the seventh consecutive monthly increase, on the back of robust macroeconomic fundamentals. This is the highest level since July 2017 -- when investment through the route stood at Rs 1.35 lakh crore, data from the Securities and Exchange Board of India (Sebi) showed.

Indian benchmark yield above 7.35% as US peers move upwards
Indian government bond yields rose in early trade on Thursday, with the benchmark yield back above the 7.35% mark, as their U.S. peers resumed their upward journey after a brief fall earlier in the week.

Investing online in Floating Rate Savings Bonds offering 8.05% interest through RBI Retail Direct? 10 points to remember

Retail investors can now subscribe to Floating Rate Savings Bonds, 2020 (Taxable) through the retail direct portal of the Reserve Bank of India (RBI). At present, the RBI Floating Rate Savings Bond offers an interest rate of 8.05%, higher than the interest rates of fixed deposits (FDs) offered by most well-known public and private sector banks. Before investing in the bonds, let’s look at features of RBI Floating Rate Savings Bonds.

SBI aims to raise up to Rs 10,000 crore via bond sale

Mumbai: State Bank of India is likely to raise up to Rs 10,000 crore through the issuance of a tier-2 bond next week as the country’s largest bank looks to shore up long-term capital amid firm demand for credit.

Farallon invests Rs 629 crore in Edelweiss ARC bonds

Farallon Capital has provided a Rs 629-crore debt facility to Edelweiss Asset Reconstruction Company (ARC) for 18 months at 14.5%, said people with knowledge of the matter.