admin Retail bond issuances in the current financial year, FY2019 are likely to surpass their previous high of Rs 42,383 crore witnessed in FY2014. Much of this is expected to come from the Non-Banking Finance companies (NBFC)’s which have typically accounted for ~40% of the retail bond issuances during the FY2011-18 period; the balance being accounted … Read more
In a first in the country, HDFC Bank launched its Digital Loans against Mutual Funds (LAMF), in partnership with transfer agent CAMS. Customers can now pledge mutual fund assets online and get overdraft limit set in their account in under 3 minutes. They can now avail of this product through the HDFC Bank website in … Read more
Treatment of home-buyers at par with the financial creditors during the insolvency proceedings of bankrupt real estate developers is a positive to shore up the confidence for home buyers and the real estate sector over the medium to long term. The Cabinet, on May 23, 2018, has approved amendments to the Insolvency and Bankruptcy Code … Read more
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