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Debt schemes witness Rs 49,154.10 cr net outflow during December 2021

By D@ljit1967 January 11, 2022Mutual Funds

Debt Oriented Mutual Fund schemes witnessed a net outflow during the December 2021 according to the latest month data released by the Association of Mutual Funds in India (AMFI) on…

Term insurance premiums surged by 4.18%

By D@ljit1967 January 5, 2022Insurance

The insurance industry has been facing difficulties in terms of claims as a result of COVID19, which is putting direct pressure on customers due to re-insurers' increases in premium costs.…

Indian Economy To Grow More Than 9% In FY2023

By D@ljit1967 January 5, 2022Economy, GDP

According to a report, Aditya Birla Sun Life Mutual Fund’s Equity and Fixed Income Outlook for 2022, launched during a video conference on January 5, Covid has accelerated digitalisation, which…

SEBI in process of stipulating disclosures specific to ESG scheme

By D@ljit1967 December 10, 2021Mutual Funds

Speaking at the inauguration of an ESG Centre for Research and Innovation at IIM Ahmedabad, Tyagi stressed on the need of in depth research on ESG norms with focus towards…

Sundaram AMC receives SEBI approval for purchase of Principal MF in India

By D@ljit1967 November 30, 2021Mutual Funds

Sundaram Asset Management Company Limited has received regulatory approval for the purchase of the asset management businesses of Principal Asset Management Pvt. Ltd. Sundaram will acquire the schemes managed by…

LIC MF looks to take AUM to Rs 25,000 crore by March

By D@ljit1967 November 30, 2021Mutual Funds

LIC AMC is one of the oldest fund houses but has been a passive player all this while keeping the parent LIC's risk-averse investing culture. As a result, its AUM…

China’s Evergrande crisis

By D@ljit1967 September 21, 2021Real Estate

Evergrande is a real estate behemoth based out of China with 1.5 million already sold but not yet completed residential units, according to a note by Invesco. The company’s presence,…

White Oak Capital gets SEBI approval to start MF Business

By D@ljit1967 September 16, 2021Mutual Funds

White Oak Capital group, which had acquired YES Mutual Fund through its subsidiary GPL Finance in August 2020, has now got the go-ahead from SEBI to run the mutual fund…

Nifty closes at a record high 17,630

By D@ljit1967 September 16, 2021Index

Sensex, Nifty closed nearly 0.71% higher on Thursday. Inflation in India is likely to ease only gradually, Reserve Bank of India Deputy Governor Michael Patra said on Thursday, adding that…

IIP grows 11.5% in July

By D@ljit1967 September 11, 2021Economy

India’s factory output, measured in terms of the Index of Industrial Production (IIP), rose 11.5 per cent on a year-on-year basis for July, which is lower than the previous month.For…