Chirag Madia

Articles By Chirag Madia

173 Articles

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.

India News

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.

stocks, stock market, mid cap, mf News

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.

T Rowe Price, UTI AMC, US investment firm, FDI, TRP control, PSU,  HDFC, CAGR News

Investor relations: US investor sues government over UTI

Alleges PSUs trying to control board & ignoring trustees who are responsible under Sebi rules

Industry News

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.

CaFE Invest News

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.

Markets News

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.

finance, money, cash News

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

Industry News

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.

Bhamashah, Apollo Munich Health Insurance Company,  Bajaj Allianz General Insurance, health scheme News

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.

G Srinivasan, new india insurance News

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.

Industry News

SBI/LIC pitch for UTI chairmanship

US investor T Rowe Price complains to finance ministry which refers case to Sebi

Industry News

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

corporate credit quality, UTI Asset Management Company, interest rate, debt market News

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.

NHPS, hospitals ask govt to review rates, treatment packages, National Health Protection Scheme  News

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.

Markets News

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


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.

Hemendra Kothari, dsp group News

Modicare: NHPS premium may exceed Rs 1082

State governments likely to pick up tab for higher premium

National Health Protection Scheme, insurance scheme, health sector, health industry News

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.

finance ministry, United India Insurance, National Insurance and Oriental Insurance, merger News

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

SIP inflows, systematic investment plans, Mutual Funds in India, SIP inflows, Funds in India, SIP News

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.

Jivan Jyoti Yojana, insurer, insurer lose money, Pradhan Mantri scheme, PMJJBY News

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).

Pradhan Mantri Suraksha Bima Yojana, insurance companies, insurance scheme, premium News

‘Markets should do well after the correction phase is over’

Even in the bullish markets we have seen correction in excess of 10%, so by no way we can say that this correction is over, and we can’t rule out further downside, says Mahesh Patil, co-chief investment officer at Aditya Bi

Markets,  Indian equity markets, ADITYA BIRLA company, PSBs,  News

Amfi wants finance ministry to remove tax arbitrage between MFs, ULIPs

Mutual fund trade body Association of Mutual Funds in India (Amfi) has sent a letter to the finance ministry seeking parity on taxation between units of equity mutual funds and units of unit linked insurance plans (Ulips), of

ulips, mf, mutual fund, economy News

National Health Protection Scheme premium may be inadequate: Insurers

Finance minister Arun Jaitley had on February 1 unveiled NHPS, the world’s largest government-funded healthcare programme, with an initial target to cover over 10 crore poor and vulnerable families (approximately 50 crore b

NHPS, National Health Protection Scheme, insurer, insurance council News

Govt, insurers discuss NHPS implementation

Officials of the ministry of health and family welfare on Thursday met with senior executives of general insurance companies on the implementation of National Health Protection Scheme (NHPS).

NHPS implementation, NITI Aayog, General Insurance Corporation of India, ministry of health and family welfare, Arun Jaitley, finance minister News

Merger path: Finmin to meet general insurers tomorrow

Heads of three public sector insurers will be meeting senior officials of the finance ministry on Friday to discuss the roadmap for their merger.

finance ministry, general insurers, stock exchange, Finance minister Arun Jaitley News