Top Indian Insurance Industry News & Updates - 10 May 2024,Friday
🗎 Life Insurance
ETMarkets Smart Talk: Why Harshad Patil is positive on high quality smallcap businesses
Source Credit: Kshitij Anand, The Economic Times
📝 Life insurers’ new business premium surges 61% in April to ₹20,259 crore
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🗎 General Insurance
Bharti Enterprises sells shares of ICICI Lombard for Rs 663 crore
Axis Mutual Fund (MF), Aditya Birla Sun Life MF, Invesco MF, Morgan Stanley Asia Singapore, Societe Generale, Goldman Sachs Singapore and Blackstone Aqua Master Sub-Fund acquired shares of Mumbai-based general insurer.
📝 Digit to go public on May 15, looking to raise Rs 1,125 crore
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🏦 SEBI
Sebi releases master circular for RTAs. Key points explained here
The Capital markets regulator Securities and Exchange Board of India (Sebi) has recently issued a master circular for all registered registrars to an issue and share transfer agents (RTAs).
📝 Sebi cuts lot size of private-placed InvITs to Rs 25 lakh
📝 Sebi proposes easing disclosure rules for non-convertible securities issuance
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🗎 Mutual Funds / AMCs
Front-running, insider trading: Amfi rulebook to curb misconduct in a month
The SOP, which will be ready within a month, is being developed after the market regulator approved an enhanced institutional mechanism in its previous board meeting to prevent potential market abuse.
Dividend Yielding Mutual Funds: Get regular income with potential capital gains
Dividend-yielding mutual funds stand out as a compelling option for those seeking a balance between income generation and capital appreciation. Understanding the nuances of these funds and identifying suitable candidates for investment becomes paramount.
SIP inflows peak at Rs 20K crore as MFs conquer 6.4 million accounts
The number of accounts opened last month was almost 50 per cent higher than the registrations seen in March.
Smallcaps still find favour: AMFI data dismisses fears of trend reversal
In March, the financial markets took investors on a rollercoaster ride, with small-cap funds witnessing a net outflow of ₹94.2 crore, breaking a streak spanning two-and-half years, while largecaps enjoyed an influx of ₹2,127 crore, triggering chatter about a potential trend shift.
📝 Equity MF inflows fall 16% in April; smallcap and debt schemes back in demand
📝 Five mutual fund houses files draft offer documents with Sebi
📝 MFs record net inflows for 38th month in a row, SIPs at new high
📝 Mutual fund SIPs cross Rs 20,000 crore milestone, doubling in less than 2 years
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Indian PE, VC investments decline 35 pc to USD 39 billion in 2023: Report
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🗎 Govt Securities / Bonds
RBI accepts only ₹10,513 crore offers for G-Sec buyback
The government had on May 3 announced buyback of three short-term securities – 6.18 per cent GS 2024, 9.15 per cent GS 2024 and 6.89 per cent GS 2025. Auction for the same was held on Thursday.
📝 JPMorgan says India index inclusion on track, most clients ready
📝 Asian junk bond sales are hottest in five years on India boom
📝 Lower face value to enable more retail investors bond with the best corporates
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