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.

Max Life Insurance enters health, wellness segment with new plan SEWA
Max Life Insurance, a private life insurer, has ventured into the health and wellness segment with the launch of a new plan, SEWA. The Secure Earnings & Wellness Advantage (SEWA) plan covers hospitalisation, ICU stay, surgeries, critical illness, and disability, besides life cover.  To drive insurance adoption among women and transgender customers, as part of financial inclusion, it offers them a 5 per cent discount in the first-year premium.

DSP aims to become household name through NPS, says DSP Pensions CEO Bhagat
DSP Pensions, the latest entrant into the Pension fund management industry, wants to be a “significant player” in this space and not just be the 11th player, its Chief Executive Officer Ràhûl Bhagat has said.

‘FPI allocation to India will remain strong despite US rate hike’
Mumbai: The record number of demat accounts being opened is a clear indication that small investors are flocking to the stock market big time even as concerns are being raised on market valuation. Tactical investment and new fund offers have ensured a steady inflow into equity mutual funds. Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company spoke to businessline on the way ahead.

Excerpts:

Kotak Flexicap Fund completes 14 years; offers 14.04% since inception

Kotak Flexicap Fund crossed a milestone of 14 years on September 11. The scheme has given 14.04% returns since its inception. The scheme manages assets worth Rs 40,086.25 crore, making it the second largest scheme based on assets managed in the flexi cap category.

11 equity funds offer more than 20% on SIP investments in 10 years

Individual investors mostly invest through monthly SIP or Systematic Investment Plan in equity mutual funds to create wealth over a long period. That prompted ETMutualFunds to find schemes that have offered attractive returns on SIP investments over a period of 10 years. An analysis of SIP performance of equity mutual funds showed that around 11 equity schemes have offered more than 20% on SIP investments in the 10-year horizon.

Banking sector is in the best form and shape today: Vinit Sambre, DSP Mutual Fund
"There are actually no any big negative signs or any big negative triggers which can spiral into a problem as of now but I am saying that the world is in a very disorderly state," says Vinit Sambre, DSP Mutual Fund.

Mutual Fund News: These factors led to the surge in net inflows for equity mutual funds in August
Equity mutual funds inflows surged to ₹20,245 crore in August, the Association of Mutual Funds in India (Amfi) data showed. Investors poured in a record ₹15,813 crore in August through systematic investment plans (SIP) last month. 

PE Investments into India decline 57% y-o-y in August at $651 million: Refinitiv
New Delhi: Private equity (PE) investments into India declined 57 per cent year-on-year in August 2023 to $651 million ($ 1,496 million), showed latest data from Refinitiv, an LSEG business.

Bank of India raises ₹2,000 cr via Tier II bonds
Mumbai: Bank of India (BoI) on Wednesday raised ₹2,000 crore via Basel-III compliant tier-II bonds at 7.88 per cent coupon rate through NSE’s Electronic Bidding Platform.

Russia's exclusion to give India more play in bond index, draw big money

Mumbai: Odds are shortening that Indian sovereign debt will be included in JP Morgan's emerging market bond index after this month's scheduled rebalancing of the gauge seeks to fill the vacuum created by Russia's exclusion, potentially lowering borrowing costs in the world's fastest-expanding major economy.

Short-end bond yields may stay elevated on fiscal slippage worries

Mumbai: As the finance ministry prepares for an interim budget early next year, government bond traders are contending with the growing possibility of the Centre overshooting its fiscal gap threshold due to the evolving tax revenue trends and likely higher spending in a poll-bound nation.