How to avoid disputes around insurance claims? Mahavir Chopra answers
Mahavir Chopra, Founder, Beshak.org, says “the consumer should take a lot of diligence while buying the policy and not be lazy about taking a cover. A lot of good advisors speak to us and we have a community of advisors who work with us, who are very diligent, who want to do good work, find it very difficult to even spend half an hour with a customer to explain them what are the basic terms and conditions of the policy because at that time, a customer is in a hurry to just get a policy. ”

68% insured Indians believe they have adequate life insurance but only 6% have sufficient coverage: Study
The lack of adequate insurance is a reality in many Indian families. Besides, misconceptions surrounding insurance and its effectiveness have refrained many people from considering any one of them.

IndiaFirst Life launches single premium plan

Mumbai: IndiaFirst Life Insurance Company has launched a single premium product with a life of 15 to 30 years that aims to provide a cumulative return ranging from 6.3% to 6.7% over many interest rate cycles.

Sebi slaps Rs 35 lakh fine on 7 entities for indulging in non-genuine trades
Capital market regulator Sebi has imposed fines totalling Rs 35 lakh on seven entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE.

Next three-four quarters favourable for gold, says Nippon India Mutual Fund
The macro view developing for the coming three-four quarters could be favorable for gold, says a report from Nippon India Mutual Fund.

August MF SIP inflows at record 15,800 crore with 36 Lakh new accounts
Mumbai: Monthly inflows into mutual fund schemes through the systematic investment plan (SIP) route scaled a new all-time high mark at just over Rs 15,800-crore in August as nearly 36 lakh new SIP accounts were opened during the month, also a new peak.
 

26 aggressive hybrid schemes offer over 15% in three year horizon
Around 26 aggressive hybrid schemes have offered more than 15% in a three-year horizon, data crunching by ETMutualFunds showed. ETMutualFunds looked at the trailing return of 29 aggressive hybrid schemes that have completed three years in the market.

ABSL Mutual Fund changes fundamental attribute of Aditya Birla Sun Life Focused Equity Fund.

Aditya Birla Sun Life Mutual Fund has changed the fundamental attribute of Aditya Birla Sun Life Focused Equity Fund. The scheme will now be called Aditya Birla Sun Life Focused Fund. The investment universe of the scheme will be changed from large cap to large cap, mid cap and small cap stocks.

RBI rule change leaves many AIFs in the lurch
Mumbai/New Delhi: Following a recent change in the Reserve Bank of India (RBI)’s regulations, venture capital and private equity funds have halted new and follow-up investments, resulting in a backlog of deals, said fund managers and founders. The industry has approached the banking regulator, seeking clarification, they added.

FII offload ₹1,047 crore in Indian equities after markets decline over profit booking; DIIs invest ₹259 crore
Foreign institutional investors (FIIs) continued selling on Tuesday, September 12, after domestic benchmark indices Sensex and Nifty snapped its seven-day winning streak weighed by profit booking. The domestic institutional investors (DIIs) were net buyers again and invest ₹259 crore in stocks today.

Actis plans roads InvIT, could raise up to ₹2,000 crore

UK-based global private equity firm Actis is looking to monetise a portfolio of operating road assets that it owns in India through an infrastructure investment trust (InvIT), potentially raising as much as ₹1,500-₹2,000 crore, said two sources aware of the development. Last year, Actis acquired a portfolio of six roads - five hybrid annuity model (HAM) properties and one build operate and transfer (BOT) road - from Welspun Enterprises for an enterprise value of ₹6,000 crore ($775 million).

Mid-market PE fund Xponentia raises Rs 1000-crore for its second fund

Mumbai: Xponentia Capital Partners, the mid-market focused private equity fund, has raised about Rs1000 crore for its second fund - Xponentia Opportunities Fund - II. The homegrown fund, which counts Barbeque Nation and Altigreen among its portfolios, launched the fund in early 2022.

India bond yields seen steady, Aug CPI data eyed
Indian government bond yields are likely to trade largely unchanged in early session on Tuesday before an auction of state debt and release of retail inflation data later in the day.