Chirag Madia
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Mutual Funds: No tax required to be paid on gift deed
A residential open plot was self acquired by my elder brother in 1979. Ground floor was constructed in 1982 and first floor in 1998.
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Investors hope of thinking big with small, crash. Small & mid-cap mutual funds post poor returns in 2018
A study by FE shows close to three-fourths of all stocks with a market capitalisation of Rs 1,000 crore or more have lost value since January.
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Bhamashah: PSU insurer walks out due to breach of contract leading to huge frauds?
A near five-fold increase in claims since the current phase of Rajasthan’s Bhamashah insurance scheme amid allegations of large-scale fraud by hospitals, has resulted in PSU insurance firm The New India Assurance (NIA) Company walking out of the scheme.
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Kerala floods: Insurers see claims crossing Rs 1,000 crore
As floodwaters have started to recede in parts of Kerala, insurance companies expect claims from the affected people to cross Rs 1,000 crore. On Monday, the Centre declared the deluge as a ‘calamity of severe nature’. So far, the general insurance companies have received claims of around Rs 200-250 crore. Kerala has been devastated by […]
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UTI: Fresh salvo by SBI even as government talks peace
State Bank of India has fired a fresh salvo in the battle of control over UTI even as the government and UTI’s largest investor, US investment firm T Rowe Price (TRP), are trying to hammer out a peace settlement.
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Ayushman Bharat: PM Narendra Modi’s ambitious health scheme to face soaring costs
While Rajasthan’s existing Bhamashah offers Rs 5 lakh cover for Rs 1,263, Chhattisgarh’s Rs 50,000 cover costs as much as Rs 1,100.
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Most mutual funds schemes underperform as 70% of stocks with market cap of Rs 1,000 crore are trading in red
With the broad market performing poorly in 2018 so far and 70% of all stocks with a market capitalisation of Rs 1,000 crore or more trading in the red, most mutual fund schemes are under-performing.
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I can’t remain CEO when the board is divided: MD of UTI AMC
While the government and T.Rowe Price (TRP) negotiate a possible truce after the US investment firm went to court, UTI’s managing director has made it clear he plans to leave when his term is over on Monday.
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Investor relations: US investor sues government over UTI
Alleges PSUs trying to control board & ignoring trustees who are responsible under Sebi rules
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Investors should have 50% of allocation to debt funds, says CEO of Aditya Birla Sun Life AMC
One should expect another 50-basis-point rate hike in the current financial year, says A Balasubramanian, CEO at Aditya Birla Sun Life AMC Limited.
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Sensex, Nifty at lifetime high, but nearly two dozen large-cap funds underperform turning in negative returns
Benchmark indices are at lifetime highs but nearly two dozen large-cap funds have under-performed the markets this year with a dozen turning in negative returns, data from Morningstar shows.
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Sensex, Nifty hit new high, but large cap funds fail to make it big in H1 2018
Even as broader equity indices in the country have touched new highs, several large-cap funds have underperformed in the first six months of the current calendar year.
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LIC nominee not independent: TRP
The simmering battle at the country’s sixth largest mutual fund, UTI, has erupted into a full-scale war, and the mutual fund’s proposed initial public offering (IPO) could be the first casualty with its managing director Leo Puri’s tenure also coming to an end next month, and no successor nominated.
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NHPM scheme: Bhamashah means higher premiums
Apollo Munich Health Insurance Company has made the lowest bid for Ayushman Bharat-National Health Protection Mission (AB-NHPM) for the state of Nagaland at Rs 444 per family.
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Right pricing will ensure NHPS premium at around Rs 2,500, says MD of The New India Assurance
Indian non-life insurance industry will probably have premium income worth R10 lakh crore by 2030, according to G Srinivasan, chairman and managing director of The New India Assurance.
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IRDAI meet to decide on reinsurance regulations
The Insurance Regulatory and Development Authority of India (Irdai) is expected to take a final decision on new reinsurance regulations in its board meeting scheduled on Friday.
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SBI/LIC pitch for UTI chairmanship
US investor T Rowe Price complains to finance ministry which refers case to Sebi
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One more rate hike strong possibility in next two policy meets, says Amandeep Chopra of UTI Asset Management Company
The one risk which we are getting conscious about is the impact on corporate credit quality in a rising interest rate environment, says Amandeep Chopra, group president and head-Fixed Income, UTI Asset Management Company (AMC).
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Hospitals ask government to review rates for treatment packages under NHPS
Recently government has finalized the rates for 1,354 packages which will be covered under NHPS and the cost of rates for several diseases is lower than prevailing market rates.
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Improved profits bring cheer to United India, Oriental Insurance ahead of merger
Even the solvency ratio in FY18 stood at 1.67% and 1.54% for Oriental Insurance Company and United India Insurance respectively.
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PSUs need to cut stakes: UTI has to be Sebi-compliant, says Trustees
The board of trustees of UTI Mutual Fund has written to the board of UTI Asset Management Company (AMC), drawing its attention to Securities and Exchange Board of India (Sebi) rules which state that by March 2019, UTI AMC’s public sector shareholders will have to lower their stakes to less than 10% each.
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Going ahead, we want to go more digital; AI to help fund managers: Chairman of DSP BlackRock Investment Managers
In an interview with Chirag Madia, Kothari shares his future plans, which include expansion and an increase in its online presence.
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Modicare: NHPS premium may exceed Rs 1082
State governments likely to pick up tab for higher premium
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Merger proposal: State-run general insurers to meet finmin tomorrow
In the meeting, a decision on hiring an external consultant to value the three companies and advise on the process of integration is also likely.
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SIP inflows swell 64% in March; garner Rs 67,190 crore in FY18
In this context, the strong growth in net inflows through this route assumes significance. Amfi data also shows that on an average, the mutual fund industry had added about 9.7 lakh SIP accounts each month during the FY18 as against an average addition of 6.27 lakh SIP accounts per month in FY16.
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Jivan Jyoti Yojana: Insurers lose 10-20% in PM’s life scheme
LIC charges Rs 1,529 for a Rs 6 lakh cover for a 20-year-old, going up to Rs 6,273 for a 45-year-old.
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Pradhan Mantri Suraksha Bima Yojana: Insurers lose 80-100 pc on it, seek at least doubling of premium
Government-owned insurance companies, mainly, are incurring losses of 80-100% on the prime minister’s accident insurance scheme, Pradhan Mantri Suraksha Bima Yojana (PMSBY).
