JM Financial Credit Solutions Ltd. (JMFCSL) is a systematically important non-deposit taking non-banking financial arm of JM Financial group. It is engaged in providing integrated financial solutions to real estate developers with a focus on residential project financing. Business As on 31.03.18, it has a list of 77 borrowers, loanContinue Reading
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. TheContinue Reading
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 wealthContinue Reading
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 IndexContinue Reading
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 perContinue Reading
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 aContinue Reading
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 35Continue Reading
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. 22.41 lakh crore in January 2018, up from Rs. 21.38 lakh crore in December 2017. The calendar year started on a high note and AUMContinue Reading
BSE StAR MF, India’s largest mutual funds distribution Infrastructure is introducing e-mandate facility on 20th January. This is completely paperless framework that will reduce the time taken for mandate approval to 3 days from 10 to 35 days taken for paper based mandate approval. BSE has always been sensitive toContinue Reading
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