ESIC meet clears major expansion, infra push across States
 

GST cuts: Insurers still negotiating commission revisions with distributors
 

Life insurers see robust growth for the third month in Nov
 

Price should reflect associated risks: New India Assurance MD
New India Assurance Co Chairman and Managing Director Girija Subramanian has expressed concerns over the intense competition among general insurers, which has led to significant discounting and price undercutting, even for critical products such as natural catastrophe insurance.

Tier-II, -III mkts make 62% of new health insurance policies: Report
 

Sebi defers third phase of nomination framework amid operational hurdles
Markets regulator Sebi on Thursday announced the deferment of the third phase of its nomination framework for the securities market, which was earlier scheduled to take effect on December 15.

SEBI broadens strategic investor criteria to ease capital raising for REITs, InvITs
Market regulator Sebi has broadened the definition of “strategic investor” for REITs and InvITs, aimed at widening investor participation in their public issues.

Pension funds allowed invest in gold and silver ETFs
To boost maximise returns from the retirement corpus under the National Pension System (NPS) and Unified Pension System (UPS), the Pension Fund Regulatory and Development Authority (PFRDA) has allowed pension fund managers (PFMs) to expand the investment universe to include gold and silver exchange traded funds and expand investment to the top 250 listed firms from 200 for equity exposure.

Goa nightclub fire incident exposes EPFO's compliance failure: Officers
 

Nippon Large Cap Fund crosses ₹50,000 crore in AUM
The surge in AUM comes even as the flows into large-cap funds have softened in the last few months due to profit booking after the recent market rally and the impact of liquidity needs which arise during the festival season.

Marquee investors pump in ₹4,815 cr in ICICI Prudential AMC pre-IPO placement
Mumbai: The initial public offering of ICICI Prudential Asset Management has received ₹4,815 crore investment through a pre-IPO placement from 26 marquee investors including Prashant Jain, the Jhunjhunwala family, Manish Chokani and Madhusudan Kela. The largest asset management company, in consultation with the book running lead managers to the IPO, has undertaken a private placement of 2.22 crore equity shares for cash consideration, at an issue price of ₹2,165 per equity share.

AMFI expects inflows to cross ₹8 lakh crore next year
Mumbai: The Association of Mutual Funds in India (AMFI) expects net inflows into the industry to cross ₹8 lakh crore next year backed by the pick-up both in SIP and choti SIP. The inflows into the industry in the last 11 months was down at ₹8.50 lakh crore against ₹9.14 lakh crore logged in the same period last year. The overall AUM of the industry touched a new high of ₹80.80 lakh crore, well supported by mark-to-market gain and higher inflows.

Axis AMC to launch ₹2,000 crore private credit fund as demand surges
Mumbai: Axis Asset Management Company (AMC) is set to launch its third private credit alternative investment fund (AIF) next week, aiming to raise up to ₹2,000 crore, a senior executive told Mint. The move comes as the fund house looks to scale sharply in a private-credit market that is drawing record interest even as traditional lenders pull back.

Equity mutual fund inflows jump 21% in November, snap 3-month decline: AMFI
Inflows into equity mutual funds jumped 21% to Rs 29,911 crore in November, snapping a three-month decline, according to the monthly data released by the Association of Mutual Funds in India (AMFI) on December 11. 

ICICI Pru AMC IPO: From Jhunjhunwala to Prashant Jain, marquee investors queue up — What’s the big draw?
ICICI Prudential Asset Management Company’s IPO ahead of its opening on December 12 has already drawn attention, and the activity before the issue added another buzz to the issue. The AMC, one of the largest in the country by assets, recently closed a sizeable pre-IPO placement of nearly Rs 4,815 crore.

MF industry AUM crosses Rs 80 lakh crore in November
Assets under management (AUM) of  mutual fund industry crossed Rs 80 lakh crore in November as inflows into equity-oriented schemes rose after consecutive months of fall.

Singapore Government entities lead ICICI Prudential AMC anchor book
ICICI Prudential AMC, one of the largest mutual fund houses, mobilized Rs 3,021.8 crore from 149 anchor investors at Rs 2,165 per share ahead of its initial public offering (IPO) that opens for bids on December 12. The Rs 10,600 crore IPO, the largest of a wave in December, is assisted by 18 investment banks.

Equity mutual funds rebound; inflows rise 21% to Rs 29,911 crore in November
 

Niti Aayog pushes plan to double corporate bond market to Rs 100–120 lakh crore by 2030
Top government thinktank Niti Aayog on Thursday suggested a phased strategy to double the size of India’s corporate bond market to Rs 100-120 lakh crore by 2030 by focusing on tax harmonisation, regulatory simplification, digital infrastructure, expanded issuer and investor bases, diversified instruments and deeper risk-management markets.

RBI buys $5.53 billion in bonds;10-year yield slips towards 6.60%
The Reserve Bank of India on Thursday completed the first of two open-market bond purchases for December, taking its debt buys this financial year to a record Rs 3.16 trillion.

OMO auction for G-Secs purchase fully subscribed; banks get ₹50,000 crore liquidity
Mumbai: The open market operation (OMO) purchase of seven Government Securities (G-Secs) conducted by the Reserve Bank of India (RBI) on Thursday to infuse liquidity aggregating ₹50,000 crore into the banking system was fully subscribed. This came amid yields of G-Secs thawing in the second market. The aforementioned OMO purchase auction is part of the liquidity injection measures announced by the RBI in its bi-monthly monetary policy review. It comes a day ahead of the weekly sale of two G-Secs aggregating ₹28,000 crore by the Government.