Ageas Federal Life Insurance launches Multicap Fund in ULIP portfolio
The Multicap Fund will be incorporated into Platinum Wealth Builder, Smart Growth Plan, Wealthsurance SP II. The fund is designed to aid customers in growing their capital by investing in a blend of well-established blue-chip companies, emerging blue-chip companies, mid-cap companies, and select small-cap companies.

LIC Index Plus policy launched: New unit linked life insurance cover; check details
LIC announces launch of unit linked, regular premium 'Index Plus'

Home Loan Insurance in India: To Buy or Not to Buy?
Buying a home is a significant financial milestone as arranging funds and performing all due diligence on a home loan and property requires a lot of patience and hard work. While selecting a lender for home loan, prospective homeowners are often offered the option of home loan insurance. Some banks give you home insurance as an option while others make it mandatory. The question then arises: Should you buy it?

Health Cover for AYUSH treatments: A mixed bag of opportunities & challenges, say insurers
Hyderabad: Extension of health insurance to treatments under Ayurveda, Yoga, and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) at par with other treatments not only opens up new opportunities but also brings in a new set of challenges for industry, according to experts.

Plum proves insurance can also be relaxing in an ASMR way
Plum, India’s insurtech platform is changing the way insurance is looked at and making insurance terms and jargon fun through its ASMR marketing campaign.

SEBI may enhance large-cap stocks categorisation
Mumbai: Capital market regulator SEBI will soon widen the ambit of large, mid and small cap stocks based on their market capitalistion after the dizzying rally in equity markets last year.

PFRDA invites bids to engage system integrator for TRACE
The Pension Fund Regulatory and Development Authority (PFRDA) is seeking bids from prospective bidders to be appointed as System Integrator (SI) for PFRDA-TRACE as part of Technology Architecture (TARCH) project. PFRDA-TRACE (Tracking Reporting Analytics & Compliance e-platform) will serve as a comprehensive tool for submitting regulatory and supervisory compliance reports by intermediaries, sharing reports and data with PFRDA, monitoring functions, facilitating a workflow for PFRDA departments to review and track submissions, enabling communication of observations and remarks and incorporating a validation process for reports and data submitted by intermediaries.

SBI MF aims to garner ₹4,000 crore via energy opportunities NFO
The one-of-its-kind thematic fund will invest in energy sector in an optimal mix of domestic and/or overseas companies engaging in activities such exploration, production, distribution, transportation and processing of traditional and new energy including but not limited to sectors such as oil & gas, utilities and power.

Quant Mutual Fund launches Quant PSU Fund; all you need to know
Quant Mutual Fund announced the launch of the Quant PSU Fund. The scheme opened for public subscription on February 02, 2024, and will close on February 15, 2024. The scheme re-opens for continuous sale and repurchase within five days from the date of allotment.

Nippon India Mutual Fund launches Nippon India Nifty Bank Index Fund; all you need to know
Nippon India Mutual Fund announced the launch of the Nippon India Nifty Bank Index Fund. The scheme opened for public subscription on February 05, 2024, and will close on February 16, 2024. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.

Zerodha liquid ETF asset hits ₹155 cr in 8 days
Mumbai: The asset under management of the recently launched liquid ETF of Zerodha Fund House has increased to over ₹150 crore in just eight trading sessions after its new fund offer. In three months after launch, the fund house has managed to garner an AUM of ₹426 crore from three schemes listed on exchanges.

360 ONE invests $25 mn in Anarock
Homegrown alternate asset manager 360 ONE Asset Management Ltd (formerly known as IIFL Asset Management) has invested ₹200 crore (around $25 million) in real estate consultancy firm Anarock Property Consultants Pvt. Ltd.

Vanguard slashes Ola’s valuation to $1.9 billion, 74% lower from peak
Bengaluru: US-based asset management company (AMC) Vanguard has marked down the value of ANI Technologies, the parent company of ride-hailing platform Ola, to $1.88 billion which is 74 per cent lower from its peak valuation of $7.3 billion, as per regulatory filings with the US Securities and Exchange Commission (SEC). The US-based asset management has slashed Ola’s valuation for the third time in a row. In May last year, Vanguard valued the company at $4.8 billion and in August at $3.5 billion. It had lowered Ola’s valuation in 2020 and 2021 too.

Bajaj Finserv Asset Management launches the Bajaj Finserv Large and Mid Cap Fund. Details here
Bajaj Finserv Asset Management has introduced the ‘Bajaj Finserv Large and Mid Cap Fund’, a newly launched equity fund aimed at fostering investors’ wealth accumulation through a strategic approach known as ‘Moat Investing’. This open-ended equity scheme is designed to invest in both large-cap and mid-cap stocks, with a focus on leveraging economic moats for sustained long-term viability and profitability.

Risk of near-term volatility in both gold and silver, says Nippon India MF

Gold prices today hit an intraday low of Rs 62,400. In the international market, prices hovered around $2,033.85 per troy ounce. Meanwhile, silver hit an intraday low of Rs 70,776 on the MCX. The price hovered around $22.58 per troy ounce in the international market.
 

Mubadala, 2 other funds acquire 8% stake in Manipal Health Enterprises
Mubadala Investment Company in a statement on Monday said that it is investing in Manipal Health Enterprises. Temasek will continue to hold a majority stake in Manipal, it added.