Recently SEBI has announced that legal guardians or parents are authorized to regulate the minor’s MF folio through their bank account. In May 12, a circular released by SEBI made it official that now, Parents or any other legal guardian can make payments through their bank account to their minor’s MF folio. The change has …
Mutual Fund assets under management (AUM) increased to Rs. 41.50 lakh crore in April 2023, from Rs. 40.62 lakh crore in March, 2023. The growth in AUM was driven by a strong inflow of RS. 1.50 lakh crore in April, 2023. This was the highest monthly inflow in the last six months. The equity segment …
Mutual Fund Assets Cross RS. 41.50 Lakh Crore in April Read More »
The highly growing digital transactions has alleviated the dependence on physical banks. Thus, to regain its influence, the banks started to open branches in different cities of India. HDFC Bank, ICICI Bank, and Kotak Mahindra Bank are set to open new branches to exercise their progress in the coming years. Around 600 branches, both in …
Banks Branches Out More Physical Branches to Reduce Digital Dependency Read More »
Recently, in a meeting by the Financial Stability & Development Council (FSDC), the finance ministry held that there shall be a single digital KYC process for all the financial instruments. Along with SEBI, RBI, PFRDA, and IRDAI, it suggested to streamline the KYC framework in a simple way. It also declared that a special drive …
Digital KYC Will Take Place of All Financial Instruments Read More »
In today’s fast-paced digital Era the financial services industries are on the brink of a major transformation. The integration of AI technology is said to receive the landscape revolutionizing how a management interact with Financial institutions. In this blog post we will explore powerful impact of AI on the future of finance. In the financial …
How Artificial Intelligence Will Change the Future Of Finance? Read More »
A recent AMFI data shows that the mutual funds industry has collected over 63,000 crore rupees through NFS launched during the financial year 2023. NFO or New Fund Offer denotes the purchase of initial public offerings launched by asset management companies ( AMCs) firms over a short period of time. The maximum profits of MF …
MF Gains 63,000 Funds through 253 NFO Inflows in FY 2023 Read More »
After being nominated by Joe Biden in February 2023, Ajay Banga, the former CEO of Mastercard, and Vice chairman at General Atlantic, emerged victorious in the Presidential election of the World Bank, 2023. In earlier life, Banga had started his school from St. Edward School, Shimla. Consecutively, he got admission in Hyderabad Public School, St. …
Ajay Banga, Former Mastercard CEO Selected As the President of World Bank Read More »
The Indian insurance industry has grown significantly over the years, and according to the insurance regulatory development authority of India it is now worth Rs. 59 lakh crore. The industry consists of several public and private insurance companies offering a wide range of ancient insurance policies such as life insurance, health insurance, motor insurance, travel …
Indian Insurance Industry Grows to Rs. 59 Lakh Crore Read More »
The VIX (Volatility Index) for India is a measure of market expectations for calculating the volatility over the next 30 days. It has been hovering around its historical lows in recent times. The low levels of India VIX means for the attention of investors and market watchers, as it provides an insight into the mood …
India Reaches Historically Low VIX- Good or Bad for the Investors? Read More »
Finance Minister Nirmala Sitaraman in a recent media panel interview, gave caution against the financial advice given by financial influencers online. On Sunday, April 23, at an event held at Bengaluru, she said that the government is in the process of initiating guidelines to prevent such social media provocation of misleading investors into investing in …
The Finance Minister’s Caution Against Trending Finfluencers Read More »
