On Tuesday alone, investors' wealth got wiped out by Rs 9,29,651.16...
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China allows insurers to invest in gold for first time
The shift in policy in China could be a signal that authorities...
New Income Tax Bill set to be tabled in Parliament next week
Before the Income Tax Bill was cleared by the Cabinet, people in...
Mutual funds see muted 2022; expect better days in new year
The assets under management (AUM) of the mutual fund industry rose by 7 per cent or Rs 2.65 lakh crore in 2022. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base seen in 2021, data from the Association...
Sebi initiates study of fees, expenses charged by mutual funds
The policies would seek to balance the need for facilitating financial inclusion, encouraging new participants, leveraging economies of scale, encouraging adoption of technology, discouraging cross subsidisation across schemes, closing arbitrage opportunities if any,...
India will take 20 yrs, 8-9% growth to become developed nation: Rangarajan
In order to reach the level of an upper middle-income country, the per capita income will have to be at a minimum of USD 13,205 and that will take more than two decades of strong growth of between 8 to 9 per cent to achieve it. Achievement of a USD 5 trillion economy...
Fund bosses vent ‘Mass Frustration’ as ESG tumult grips industry
Managers running the funds affected are now talking openly of the “chaos” they say has hit the investment management industry. The chief cause, they say, is a regulatory framework whose confusing rollout just blasted a $125 billion hole through the very top of the ESG...
Investors become poorer by Rs 5.78 lakh cr in two days of market fall
''Global markets extended their rout as the European Central Bank (ECB) and Bank of England (BoE) followed the Fed in raising policy rates by half a per cent while maintaining a hawkish tone on inflation. The aggressiveness of central banks in combating inflation has...
Tata AIA Life Insurance expands new fund Offering Suite
Tata AIA Life Insurance (Tata AIA) has announced range of new funds including Emerging Opportunity Fund, that will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth. The applications for ULIP plans with...
Financialisation of savings to jump to 74pc of GDP by FY27: Crisil Report
Directed efforts at financial inclusion, digitalisation, a longer-term trend of rising middle-class disposable incomes, and government incentives on these instruments have better channelled these savings to the industry have also helped, the report said....
Fed lifts rates by half percentage point, sees economy nearing stall speed
The U.S. central bank's projection of the target federal funds rate rising to 5.1% in 2023 is slightly higher than investors expected heading into this week's two-day policy meeting and appeared biased if anything to move higher WASHINGTON: The Federal Reserve raised...
MF industry seeks management of pension, provident, insurance funds
''We want the government to allow the mutual fund industry to manage funds of pension, provident and insurance firms. This will help the MF industry ensure greater efficiency in managing the resources in a cost-effective manner. The industry can achieve the target of...
Inflows via mutual funds SIP hit fresh high at Rs 13,306 cr in Nov
The Assets Under Management (AUM) of the 43-player industry rose to a record high of Rs 40.37 lakh crore at the end of November from Rs 39.5 lakh crore at the end of October. Mutual fund folios, which have been touching all-time highs since the last three months,...