Close to 65% of a total 380 mutual fund equity schemes have posted negative returns in the last one year. A number of the worst-performing funds are infra sector funds.
Sundaram Small Cap Fund, HSBC Small Cap Equity Fund and Aditya Birla Sun Life Small Cap Fund are among the worst-performing equity schemes over the past year, having lost anywhere between 21% and 24%.
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) Comp
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
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.
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.
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.
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.
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.
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
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.
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.
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.
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
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.
