Medical inflation driving up ticket sizes for retail health insurers
According to data by online insurance broker PolicyBazaar, the average ticket size of retail health insurance in India has increased to Rs 26,533 so far in FY24, up 48.22 per cent from Rs 17,900 in FY19. This increase is attributed to a rise in medical inflation and increased awareness about health insurance among the public post the Covid-19 pandemic.
 

SEBI’s flagging of froth leads to small-cap stocks meltdown
Mumbai: The persistent raising of concern by SEBI of froth in the small-cap segment has led to bloodbath in the small-cap space for the second day in a row with BSE Small-Cap index crashing 923 points and Nifty Small-cap 250 slipping by 298 points. Of the 985 stocks in BSE Small-cap index, 845 stocks ended in the red while 215 stocks of Nifty Small-cap index was down compared to their previous close.

ICICI Pru AMC suspends lumpsum investments in its midcap and smallcap funds
New Delhi: ICICI Prudential Asset Management Company has suspended fresh subscriptions through lumpsum mode and switches into ICICI Prudential Smallcap Fund and ICICI Prudential Midcap Fund effective 14 March. 

NFO Alert: Helios Mutual Fund launches Helios Balanced Advantage Fund; all you need to know
Helios Mutual Fund announced the launch of the Helios Balanced Advantage Fund, an open-ended dynamic asset allocation fund suitable for investors seeking

NFO Alert: Navi Mutual Fund launches the Navi NiftyIT Index Fund; all you need to know
Navi Mutual Fund announced the launch of the Navi NiftyIT Index Fund. The scheme opened for public subscription on March 11, 2024, and will close on March 22, 2024.

Mutual funds sell 25% in Paytm holding, continue to lap up HDFC Bank
Mutual funds (MFs) offloaded around 25 per cent of their holdings in One97 Communications (Paytm) after the Reserve Bank of India's (RBI’s) action against Paytm Payments Bank.

My realty investments have bettered those of equity: White Oak's Somaiyaa
The covid pandemic has been one reason why the real estate sector is getting the cold-shoulder treatment from investors. The pandemic dealt a blow to the returns generated by this investment avenue. Post the pandemic, there were lots of doomsday prophecies about the real estate sector, says Aashish Somaiyaa, chief executive officer of White Oak Asset Management Company (AMC). That was when he took a contrarian view and diversified his portfolio into real estate. There have been no regrets. “It has played out really well. For me real estate has outperformed the equities portfolio," he says in an interview with Mint for Guru portfolio series. In this series, leaders in the financial services industry share how they manage their own money. Edited excerpts from the interview: