Centre introduces 50-year bond to meet life insurance companies' demand
The central government has introduced a new dated security of 50-year tenor in its borrowing calendar for the second half of the current financial year—a long-standing demand by life insurance companies, particularly Life Insurance Corporation of India.

Bima Vistaar offering all-in-one insurance cover to launch soon: Report
Bima Vistaar, a first of its kind all-­in-­one affordable insurance product offering life, health and property cover is likely to be launched soon.

LIC lapsed policy: Get up to Rs 4,000 concession on reviving lapsed LIC policy till this date

The Life Insurance Corporation (LIC) has launched a special campaign for the reactivation of expired policies in order to continue providing risk cover in these unsettling times. For individual lapsed insurance, a special revival campaign is starting on September 1 to October 31, 2023.

Single Parents Face Higher Health Insurance Premium Increases Than Other Families
Introduction

Health insurance claim got rejected? Here's what you need to do now

Most people buy health insurance policies with the hope they never have to use it but with the confidence the policy will come to their rescue in case of an eventuality. However, their moment of truth comes when they seek the policy’s support. Many people’s claims get rejected though they have been regularly paying the premium.

Sebi extends deadline to add nominees for demat account holders till Dec-end
New Delhi: Capital markets regulator Sebi on Tuesday extended the deadline by three months to December-end for existing demat account holders to provide choice of nomination or formally opt out of nomination through a declaration form. Additionally, submission of ‘choice of nomination’ for trading accounts has been made voluntary by the regulator as a move towards ease of doing business. Earlier, the deadline for existing eligible trading and demat account holders to provide a choice of nomination was on or before September 30.

Fincare Small Finance Bank, Western Carriers get Sebi’s go ahead for IPOs
Fincare Small Finance Bank Ltd and logistics company Western Carriers (India) Ltd have received capital markets regulator Sebi’s approval to raise funds through Initial Public Offerings (IPOs). The two firms, which filed preliminary IPO papers with the Securities and Exchange Board of India (Sebi) between May and June, obtained the regulator’s observation letters during September 15-22, an update with the watchdog showed on Tuesday. In Sebi’s parlance, obtaining its observation letter means its clearance to float the public issue.

PFRDA’s outreach to CPSEs, corporates and NRIs to enhance NPS play
Pension regulator PFRDA is now focused on enhanced outreach to Central PSEs, private corporates as well as NRIs as part of its overall effort to scale up the NPS assets under management (AUM) to atleast ₹12-lakh crore by end March 2024, according to its Chairman Deepak Mohanty.

UTI Mutual Fund launches ‘UTI Innovation Fund’: Nine things to know
UTI Mutual Fund (UTI) launched UTI Innovation Fund, an open-ended equity scheme following the innovation theme to bring the next generation edge to investor’s portfolios. The Fund would follow a bottom-up approach for investing in innovation-oriented businesses and disruptors with the potential for non-linear growth outcomes. “UTI Innovation Fund marks a significant step forward for investors in navigating the ever-growing landscape of investment opportunities. It is a unique portfolio that is true-to-label, investing predominantly in innovative businesses and disruptors. In an era of rapid technological advancements and evolving market dynamics, it's an opportunity to embrace innovation, adapt to market dynamics, and participate in potential wealth generators that could grow in a non-linear fashion," said Ankit Agarwal, Fund Manager, UTI AMC.

Mid and small-cap rally to persist in India, says DSP Mutual Fund's Kalpen Parekh
The rally in India's mid- and small-cap stocks will continue amid more inflows into these segments, the head of India's tenth-largest mutual fund said on Tuesday.
 

Does it make sense to go for separate retirement-based mutual funds? R Sivakumar explains
R Sivakumar, Head Fixed Income, Axis MF, says “what we are trying to do is to have more of a bias towards debt than to equity. This is therefore suitable for someone who is closer to retirement age than someone who is only in the savings part of your career and therefore, as you get older, you will need to de-risk your portfolio. The objective here is that while you get closer to your retirement, either you switch into this fund or increase your allocation into a fund like this which then reduces the risk of your portfolio as you get closer to retirement. ”

Mutual Fund Nominee Update: Where to Check or Update Online Before Last Date September 30
Mutual Fund Nominee Update Last Date: For all existing mutual fund unit holders, it is mandatory to nominate or opt out of nomination before September 30, 2023, failing which the folios shall be frozen for debits, according to the Securities and Exchange Board of India (SEBI).

Survey finds most mutual fund investors rely on past performance
Mutual fund managers and advisors may be repeating that the past performance does not indicate future performance. However, most mutual fund investors rely on past performance. A recent survey revealed that 59% investors still consider past performance as one of the key benchmarks for investing in mutual funds.

Kotak Mutual Fund launches investor education program in partnership with CBSE
Kotak Mutual Fund on Tuesday launched an investor education and awareness program in partnership with the Central Board of Secondary Education (CBSE).

Not many Mutual Fund investors are aware of this major tool that can protect them from losses: Survey
India has seen unparalleled growth in the number of investors entering mutual funds in the last decade. According to AMFI data, the AUM of the Indian Mutual Fund Industry has grown sixfold from Rs 7.66 trillion as of August 31, 2013, to Rs 46.63 trillion as of August 31, 2023. The total folios as of 31st August 2023 stood at 15.42 crores.

Bandhan Retirement Fund: A New Fund Offer for Retirement Goals; Check details
Bandhan Mutual Fund has announced the launch of the Bandhan Retirement Fund, which will aim to provide long-term capital appreciation by investing in a mix of equity, debt, and other instruments to help investors meet their retirement goals. In a statement, Bandhan Mutual Fund said that the dynamic asset allocation strategy of the new fund will provide investors with an opportunity to participate in the equity market upside while cushioning the potential downside during a market fall.

Mutual Funds, Foreign Institutional Investors lap up Coforge
 

SBI Funds elevates DP Singh as Deputy MD and Joint CEO
 

KKR to carve out RE Sustainability unit
Mumbai : KKR & Co. plans to carve out the municipality business from RE Sustainability Ltd (formerly Ramky Enviro Engineers Ltd) that it acquired five years ago, and sell the unit back to its original promoters, two people aware of the matter said.

FIIs offload ₹693 crore in Indian equities as US bond yields climb to 10 year-high, DIIs invest ₹715 crore
Foreign institutional investors (FIIs) continued their selling streak as Sensex and Nifty closed lacklustre on Tuesday, September 26, tracking weak global cues. The domestic institutional investors (DIIs) turned net buyers and invested ₹715 crore in Indian stocks today.

Record demand for sovereign gold bonds despite price rise
Investor demand for sovereign gold bonds (SGBs) surged to a record 11.67 tonnes valued at ₹6,914 crore in the second tranche of the current fiscal year despite high gold prices.

India bond yields dip as investors eye second-half borrowing calendar
Indian government bond yields ended marginally lower on Tuesday as expectations of a tweak in the government's borrowing plan for the rest of the year offset the impact of elevated U.S. Treasury yields and oil prices.

India 10-yr yield surge to provide good entry point for investors: Star Health CIO
India's benchmark bond yield will likely rise further in the next few weeks amid higher crude prices and surging U.S. yields, providing the right entry point for investors, a senior fixed income official at Star Health Insurance said.

Nabard raises ₹1,040 crore via social bonds

These bonds are set to be listed on the Bombay Stock Exchange (BSE) on September 29, 2023. The base issue size of the social bonds was ₹1,000 crore, with an option to retain oversubscription up to ₹2,000 crore. NABARD said it received bids aggregating ₹8,590.50 crore but accepted ₹1,040.50 crore at coupon rate of 7.63 per cent.

Canara, PNB, Nabard hit Bond Street; raise Rs 8,000 cr

Mumbai: Canara Bank and Punjab National Bank on Tuesday raised funds worth ₹8,000 crore through different sets of debt instruments.