Insurance sector attracted Rs 54,000 crore FDI in last 9 years: Financial Services Secretary Vivek Joshi
The insurance sector has received close to Rs 54,000 crore as foreign direct investment (FDI) in the last 9 years on the back of further liberalisation of overseas capital flow norms by the government, Financial Services Secretary Vivek Joshi has said. The government increased the permissible FDI limit from 26 per cent in 2014 to 49 per cent in 2015 and then to 74 per cent in 2021, he told PTI in an interview. However, he said, the permissible FDI limit for insurance intermediaries was increased to 100 per cent in 2019.

Why you should never buy insurance just for tax saving
Financial planning has become crucial in today’s times to protect and secure our family’s financial well-being. And one crucial aspect of financial planning is opting for insurance. Most people, however, often think that insurance only serves the purpose of tax saving, and they should consider the tax angle first before selecting a policy, but that is not how it works.

Prod on banks to check mis-selling of insurance products, protect customer interests
 

Tata AIA Recognized as a Kincentric Best Employer 2023
Tata AIA Life Insurance Company Limited (Tata AIA), one of India’s leading life insurers, is proud to announce its recognition as a Kincentric Best Employer 2023. Kincentric Is a globally renowned platform that showcases organizations which are industry leaders in employee engagement and development. 

Tata AIA Investment Plans: Performance delivery, right from the start
Mumbai: Driven by its core value of consumer obsession, Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurers, has introduced a host of funds, over time, for the benefit of consumers. One can avail of these funds through the company’s unique Investment-Linked Plans (ILPs), ULIPs, and market-linked health plans, to generate wealth in the long term and ensure protection cover for loved ones. From capitalizing on small caps and emerging opportunities to investing in sustainably conscious companies, the spectrum of these funds is versatile.

Insurance Sector Focus: Non-life insurers to show better margin performance than life insurers in FY24; Find out why
While the overall domestic insurance sector is on course to log in over 7 per cent annual growth over the next decade with the premium income likely to double to around $450 billion by financial year 2033-34, ICICI Securities stated that non-life insurers are likely to show better margin performance than life insurers in FY24. Non-life insurers’ margin outperformance can be attributed to signs of revival in motor profitability compared to weaker product mix YoY for life insurers. This, ICICI Securities analysis report stated, can be backed by the fact that average COR improvement of ~30 bps for top-five non-life private insurers (ex-SAHI) versus ~344 bps average VNB margin decline in 9MFY24 YoY for listed four private life insurers. 

High rejection rate for claims: EPFO board may meet soon
At a time of high joblessness, stagnant real rural income and slackness in consumption demand, the pensioners are facing the problem of higher rejections in the settlement of their employees’ provident fund (EPF) claims.

Retail investors garner a lion’s share of the Indian mutual fund industry in just over a decade!
The Indian mutual fund industry has seen its AUM (assets under management) more than double in the last four years to Rs 54.54 lakh crore in February 2024, as compared with Rs 23.16 lakh crore in February 2019. While there are several interesting factors that have contributed to this steady and exponential growth, one of the most significant of them is the story of retail participation. As on January 2024, retail or individual investors accounted for over 60 per cent of the industry’s AUM at Rs 31.79 lakh crore, this is in stark contrast to the scenario in 2013 when the industry barely had any retail footprint. 

No major concern in small-cap stress test, says Birla MF chief
Mumbai: Mutual fund investors should not read too much into the outcome of just concluded stress test conducted on small- and mid-cap schemes of the industry and stay invested for over 5-10 years to reap the full benefit of investment in the sector.

Aditya Birla Sun Life AMC promoters to sell up to 11.47% stake via OFS
Aditya Birla Capital and Sun Life (India) AMC Investments have granted approval today, March 18, for the sale of a maximum of 2.01 crore shares of Aditya Birla Sun Life AMC. This sale represents 7 percent of the company's issued and paid-up equity share capital. 

Smallcap funds sit on over Rs 15,000 crore dry powder, shows data

Stress data shows that nearly half of the schemes in the smallcap space are holding cash of 5 per cent or more at the end of February 2024.

AB Sun Life AMC launches AI-based search engine for investors

As an alternative to navigating through vast information, MyMutualFundGPT empowers the investor to take informed decisions with clear explanations from respective product or service brochures available on its website. Besides, MyMutualFundGPT acts as an innovative solution-oriented providing a conversational interface. A Balasubramanian, Managing Director and CEO, Aditya Birla Sun Life AMC said the launch of new facility emphasises the fund house commitment to leveraging cutting-edge technology to provide a more intuitive and engaging experience for investors.

Investor should rebalance portfolio after surge in value fund returns
Over the last year, value funds have delivered a category average return of 46.8 per cent to investors, outperforming most diversified equity categories, barring midcap and smallcap funds. Investors must temper their return expectations from these funds after their stellar performance.

Mutual Funds: 10 hidden tips for your 10-year investment plan
Mutual funds are a commonly chosen investment option for long-term wealth growth. However, creating a solid investment plan is crucial to maximise your returns and achieve your financial goals. Here are top 10 tips to help you build a 10-year mutual fund investment plan:

ASK Hedge launches long-short fund
Blackstone-backed ASK Asset and Wealth Management’s subsidiary, ASK Hedge Solutions, has launched its first long-short fund, ASK Absolute Return Fund. The fund will have a corpus of ₹3,000 crore, of which ₹1,000 crore will be raised over the next six months.

Surge in PE/VC Investments to propel India’s start-up ecosystem this year: Peak XV
Indian start-ups are well on track to get $10-12 billion of funding this year and global private equity and venture capital (VC) funds are now sitting on about $20 billion of “dry powder” that remains uninvested and committed to India, Rajan Anandan, Managing Director, Peak XV, a VC firm, said on Monday.

India benchmark bond yield at more than two-week high as US peers jump
Indian government bond yields extended gains at the start of the week, with the benchmark yield at a more than two-week high, tracking the rise in U.S. Treasury yields.

Increasing demand for G-secs amidst falling supply will push yields down
In this episode of the State of the Economy Podcast, businessline’s Lokeshwarri speaks with Sandeep Yadav, Senior Vice President of Fixed Income at DSP Mutual Fund, on the current state and future trajectory of interest rates, with a focus on both US and Indian bond yields.  

Adani bonds and stocks plunge on news of US bribery probe
Mumbai : Adani Group’s dollar bonds and stocks plummeted on Monday, on news that US prosecutors have widened their probe of the conglomerate to focus on whether it engaged in bribery.