Top Indian Insurance Industry News & Updates - 10 July 2023,Monday
🏭 Industry
📝 Insurers fail to latch on to the opportunity offered by adventure sports buffs
📝 IRDAI retains mandatory cession of business in favour of GIC Re at 4% for FY24
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🗎 Life Insurance
📝 Acko gears up to disrupt the life insurance space
📝 No question of taking money out of mkt: Aditya Birla Sun Life AMC MD & CEO
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🏦 SEBI
📝 NSDL files draft papers with Sebi for IPO
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🗎 Pension Funds/PF
📝 PFRDA to revamp pension fund regulations, reduce cost of compliance
📝 Centre holds outreach programme with pensioners’ association
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🗎 Mutual Funds / AMCs
📝 Union Mutual Fund expects 50pc growth in AUM, to reach Rs 15,000 cr mark by March
📝 Axis AMC leases 2 floors in Lodha’s Mumbai tower
📝 SEBI puts in place framework for mutual fund Unit Holder Protection Committee
📝 Canara Robeco mutual fund unveils Canara Robeco multi cap fund, offering diversified equity investments; details here
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 FPIs continue to be bullish on Indian equities; invest Rs 22,000 cr in July
📝 Three private equity firms eye Rs 2,000-crore Adani Capital buyout
📝 Equity market rally and retail participation drive surge in cash segment turnover
📝 RV Capital launches ₹400 crore maiden India private credit fund
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