admin A new TransUnion CIBIL study estimates that nearly 150 million consumers who are currently not credit active are potentially eligible to become retail credit borrowers. Tapping into this huge potential borrower market could provide significant growth opportunities for retail lenders and provide a major boost to the Indian economy. The study estimates that the total … Read more
If you are looking for an indicator that may signals a market nearing its top, look at the 10-year g-sec yield. This indicator has zoomed to its highest point in the past one year – and is now hovering at around 7.91 levels. Look at where this indicator was placed about a year ago: at … Read more
Times Network, a part of India’s largest media conglomerate, The Times Group and AMFI in a strategic partnership, today announced India’s biggest Mutual Fund awareness campaign, ‘Jan Nivesh’. Reaching out to millions of Indians the Jan Nivesh campaign will educate, inspire and encourage Indians to change their financial habits to create wealth smartly by investing regularly in … Read more
The latest SPIVA® (S&P Indices Versus Active) India Scorecard reveals that over a one-year period, ending 29 December 2017, 59.4% of large-cap equity funds, 72.1% of mid/small-cap equity funds and 34% of Indian composite bond funds underperformed their respective indices. Akash Jain, Associate Director, Global Research & Design, Asia Index Private Limited said: “As of … Read more
HDFC Life has launched a fixed-benefit insurance plan that covers 18 heart conditions, called HDFC Life Cardiac Care. These 18 conditions are classified into three categories as per the severity – High Severity, Moderate Severity and Mild Severity. A lump sum benefit is given to the insured as per the category. Highlights: A fixed … Read more
ICICI Prudential AMC is offering a close-ended fund, Bharat Consumption Fund Series I, for subscription to the public. The fund, as the name suggests, will invest in the fast-growing consumption sector in India. ICICI Prudential Bharat Consumption Fund Series 1, a ~3.5 years close ended equity fund, aims to benefit from consumption themes that include … Read more
There’s a big question in the minds of mutual fund investors is: Should one average-down when the markets are falling? It’s been a volatile last few weeks, and equity prices have tumbled back to levels where they were seven months ago in July 2017. Stocks have lost significantly, and equity mutual fund investors are also … Read more
Industry AUM up 24% YoY; declines marginally on MoM basis According to the Association of Mutual Funds in India (AMFI), the Assets Under Management (AUM) of the Indian mutual fund industry came in at Rs. 22.20 lakh crore in February 2018, down from Rs. 22.41 lakh crore in January 2018.Compared with January 2018, there was a marginal decline in AUM across … Read more
BSE is pleased to announce that 40 banks have been enabled for e-mandate on BSE StAR MF, India’s largest mutual funds distribution Infrastructure. BSE StAR MF introduced e-mandate facility on 20th January 2018. This is completely paperless framework that reduces the time taken for mandate approval to 3 days from 10 to 35 days taken for paper based … Read more
The world of finance is not smooth and straight. There will be ups and downs. The important thing is whether you are staying the course and whether you save or not The financial world will always be choppy. There will be times when asset classes swing unpredictably. Equity assets are most volatile, but even debt … Read more