PNB MetLife unveils PMLI Small Cap Fund in its ULIP segment; all you need to know
On February 19, 2024, PNB MetLife India Insurance Company introduced the PMLI Small Cap Fund, a fresh addition to its Unit Linked Insurance Plan (ULIP) category. This newly launched fund presents policyholders with the prospect of accumulating wealth throughout the policy's duration by engaging in a varied equity portfolio, with a specific emphasis on small-cap enterprises. The unit price for this new fund is set at ₹10 during the new fund offer (NFO) period, spanning from February 19, 2024, to February 29, 2024.

Aditya Birla Health Insurance ropes in actor Vikrant Massey for Activ One product campaign
Aditya Birla Health Insurance, the health insurance arm of Aditya Birla Capital, has partnered with actor Vikrant Massey to unveil a multi-film campaign that will showcase the features of launched product, Activ One.

You can now get cashless insurance for inpatient mental health care

Sukoon Health, a chain of mental healthcare hospitals, has inked a pact with five private insurance companies to provide cashless insurance coverage for patients seeking psychiatric inpatient care.
 

Cashless claim is top reason for intention to buy health insurance: survey

Only 30% of consumers cited 'Tax exemptions/tax rebates' as one of the top reasons for purchasing health insurance, indicating that tax benefits are not the primary driver for most consumers. Women, with the growing female working population, are more likely to purchase health insurance for tax exemptions in the next year, revealed the survey.

PFRDA issues RFP for engagement of training agency
Pension Fund Regulatory & Development Authority (PFRDA) has invited proposals from professional training institutes/organisations for imparting training on pension schemes regulated and administered by the pension regulator. For this purpose, PFRDA has issued a Request for Proposal (RFP). The last date for submission of bids is February 27.

Quantum Mutual Fund launches Quantum Multi Asset Allocation Fund; all you need to know
Quantum Mutual Fund announced the launch of the Quantum Multi Asset Allocation Fund. The scheme opened for public subscription on February 19, 2024, and will close on March 01, 2024. Thescheme reopens for continuous sale and repurchase on March 13, 2024.

PPFAS Mutual Fund launches Parag Parikh Dynamic Asset Allocation Fund – Check details
PPFAS Mutual Fund today announced the launch of the Parag Parikh Dynamic Asset Allocation Fund, an open-ended dynamic asset allocation fund. The new fund offer (NFO) will be available for subscription from February 20, 2024, to February 22, 2024.

LIC MF sees assets touching ₹1 lakh cr by FY25
Mumbai: LIC Mutual Fund, one of the oldest in the industry, targets to hit ₹1 lakh crore AUM in next two fiscals from the current level of ₹32,000 crore, given the buoyancy in the equity market and planned deeper penetration into smaller towns.

Julius Baer India raises over Rs 300 crore for its first Cat III AIF
Julius Baer, an International wealth manager in India, has raised a total commitment in excess of Rs 300 crore, for its maiden India Equity Fund 1, as on January 31, 2024. The close-ended category-3 (Cat III) alternative investment fund (AIF) primarily invests in companies experiencing strategic transformation due to overarching macro shifts such as favourable demographics, regulatory framework changes, and increasing digitalisation. 

NIIF invests ₹207 crore in Amicus Capital
India’s quasi-sovereign fund National Investment and Infrastructure Fund Ltd (NIIF) has committed ₹207 crore ($25 million) to the second fund of India-focused growth capital fund Amicus Capital Partners.

Tata Capital's risk adjusted capital to improve to 10% in 2 years: S&P

Tata Capital's capitalisation will likely remain strong despite the projection of above-average loan growth, said the rating agency in a statement. The capitalisation is likely to benefit from regular infusions by the Tata group, a proposed Initial Public Offering (IPO) by 2025, and Tata Capital's investments in subsidiary and associate companies.

Amid liquidity crunch, shorter-tenure govt bonds lag 'longer' peers
Investors have favoured longer-tenure government bonds, or g-secs, with insurance companies and pension funds leading the charge by stocking up on those with maturities of 30 years and more.