BCCI announces SBI Life as official partner for BCCI Domestic, International season 2023-26
The Board of Control for Cricket in India (BCCI) on Wednesday announced SBI Life as one of the official partners for the BCCI Domestic and International Season 2023-2026.

ETMarkets Smart Talk: We see reasonable valuations in sectors like financial, largecap IT and pharma: Harshad Patil
In an interview with ETMarkets, Patil said: “FIIs seem to be positive on the Indian markets despite the flows slowing down a tad in recent months. This would be visible from the overweight positions on India relative to the MSCI index” Edited excerpts:

A comprehensive guide to reimbursement claims in health insurance
Health insurance plays a vital role in safeguarding an individual’s financial well-being against the unpredictable costs of medical treatments and healthcare services. It provides a safety net that eases the burden of medical expenses, allowing individuals to focus on their recovery rather than worrying about the financial strain. One of the fundamental aspects of health insurance is the reimbursement claim, a process that ensures policyholders receive the coverage they are entitled to.

Standalone health, private multi-line insurance players see more gains
Source Credit: Devangshu Datta, Business Standard

The non-life-insurance industry had moderate growth of 15 per cent year-on-year (Y-o-Y) in August 2023. Core retail segments like motor and health continue to report strong growth of 19-20 per cent with competitive intensity still visible in the motor OD (owner driven) segment. Commercial lines reported muted growth. Group health remains a key driver. Among the listed companies, ICICI Lombard continues to trail in the motor section while Star Health has lost its Y-o-Y retail market share although its better on a sequential basis.

How innovations in technology are transforming business insurance in India?
As India continues to surge forward in the digital arena, various sectors are undergoing transformative changes. Among these, the business insurance sector has been somewhat overshadowed in mainstream discussions, yet it is experiencing seismic shifts, particularly through technology’s democratizing force. With global investments in insurtech estimated to have reached $26 billion between 2021 and 2022, the insurance landscape is projected to flourish at a Compound Annual Growth Rate (CAGR) of 20 per cent from 2021 to 2031. This promising growth trajectory underscores the increasing relevance of technological innovations in modernizing and streamlining the insurance industry in India.

Panel weighing pension guarantee under National Pension System
The Finance Secretary-led committee on the National Pension System (NPS), set up by the government to suggest ways to increase pensionary benefits under NPS amid the move by some states to return to the unsustainable Old Pension Scheme (OPS), may suggest ways to address the demand for a guaranteed pension under the NPS for the government staff at a decent level, without burdening the exchequer too much.

EPFO records highest net member addition of 18.75 lakh in July
Retirement fund body EPFO has recorded the highest net member addition of 18.75 lakh in July 2023, according to the payroll data released on Wednesday. The labour ministry in a statement said that the addition of 18.75 lakh during the month is the highest since the first publishing of EPFO payroll data from April 2018 covering the period of September 2017 onwards.

Investors adopt cautious stance; debt mutual funds log Rs 25,872 crore outflow in August
New Delhi: After witnessing staggering inflow in July, debt-oriented mutual fund schemes saw a withdrawal of Rs 25,872 crore last month as investors continue to adopt a cautious stance amid the current interest rate scenario in the US.

Equity mutual funds inflows surge to ₹20,245 crore in August: Data
In August 2023, equity mutual funds experienced a significant surge in net inflows, reaching a five-month high of ₹20,245.26 crore. This marked a substantial increase compared to the ₹7,625.96 crore inflow observed in July 2023, as per data from the Association of Mutual Funds in India (AMFI). However, debt mutual funds saw outflows amounting to ₹25,872 crore during the same period. As per the AMFI data, ETFs registered an inflow of ₹1,893 crores vs ₹353 crores outflows in July.

Omkarm Capital launches AIF targeting Rs 300 crore
Homegrown alternative asset manager Omkarm Capital has come up with its recent Alternative Investment Fund (AIF) targeting Rs 300cr including a green shoe option. The fund will focus on infrastructure logistics space and has received significant interest from investors across family offices, ultra-high-net investors, and institutional investors.

Investors adopt cautious stance; debt mutual funds log Rs 25,872 crore outflow in August
After witnessing staggering inflow in July, debt-oriented mutual fund schemes saw a withdrawal of Rs 25,872 crore last month as investors continue to adopt a cautious stance amid the current interest rate scenario in the US. Out of 16 debt categories, nine of them witnessed net outflows during the month under review, data with the Association of Mutual Funds in India (Amfi) showed.

Small-cap boom drives new MF folio additions to record in Aug

The monthly folio addition by equity mutual funds was at a record 2.2 million in August 2023, the data from Association of Mutual Fund in India (AMFI) showed. The monthly addition in August was twice that of the long-term average.

MF folio addition hit a record high in August on small cap boom

The monthly folio addition by equity mutual funds was at a record 2.2 million in August 2023, the data from Association of Mutual Fund in India (AMFI) showed. The monthly addition in August was twice that of the long-term average.

These 81 equity mutual funds doubled investors’ wealth in three years

Most investors look to double their investments over a long period. Thanks to the surge in the stock market, many mutual fund investors doubled the value of their investments in three years. ETMutualFunds analysed performance of 202 equity mutual fund schemes that have been in the market for three years and found out that around 81 equity mutual funds doubled investors’ wealth in the last three years. We considered the current value a lumpsum investment made three years ago.

PE-VC investments increase to USD 5.2 billion in August as large deals shoot up
Venture capital and private equity funds' investments increased to USD 5.2 billion across 67 deals in August, a report said on Wednesday. The investments are more than double of the USD 2.3 billion witnessed in August 2022, even though the number of transactions has declined from 32 in the year-ago period, as per the monthly report by industry lobby grouping Indian Private Equity and Venture Capital Association (IVCA) and consultancy firm EY.

FIIs offload over ₹3,000 crore in Indian equities ahead of US Fed policy decision; DIIs sell over ₹500 crore
Foreign institutional investors (FIIs) offloaded money from Indian markets, exercising caution ahead of the US Federal Reserve policy decision, as Sensex and Nifty extended losses for the second straight session. The domestic institutional investors (DIIs) also sold ₹573.02 crore in Indian stocks today.

India bond yields dip; index inclusion optimism persists, Fed meet eyed
Indian government bond yields fell marginally for a second consecutive session on Wednesday, as optimism that the country's debt could be added to global bond indexes continued to aid.