New e-insurance rule takes effect on April 1st; Here’s how to convert existing policy to e-Insurance Account
Starting from April 1, 2024, it is now mandatory for insurance companies to issue only digital policies, in line with the Insurance Regulatory and Development Authority of India’s (IRDAI) Protection of Policyholders’ Interests regulations.

Linking CGHS beneficiary id with Ayushman Bharat Health Account id now mandatory
 

Competition Commission of India approves Axis Bank’s ₹1,612 crore Worth stake buy in Max Life Insurance
The Competition Commission of India (CCI) on Tuesday said that it has approved the transaction involving Axis Bank’s additional 6 per cent stake buy in Max Life Insurance, a private life insurer. The deal, valued at ₹1,612 crore, had received IRDAI nod in February this year.

Tata AIA Life Insurance expands range of payment services on WhatsApp
Tata AIA Life Insurance Co Ltd has launched a premium payment service on its WhatsApp platform, helping policyholders pay policy premiums through a wide range of payment options such as credit and debit cards as well as net banking.

Increased reinsurance capacity keeps April reinsurance renewals flat
In the current renewal, the rates have been flat to a marginal increase of 5 per cent after adjusting for risk. In comparison to over 30 per cent hardening in the renewal rates seen last year.
 

Shorter settlement has benefited market: SEBI chief
Mumbai: The adoption of a shorter settlement cycle has benefited the securities ecosystem, said the chief of Securities and Exchange Board of India (SEBI). Speaking at an annual summit on corporate governance organised by the Confederation of Indian Industry, SEBI chief Madhabi Puri Buch, quoted a ratio that captured this improvement. She said that prior to the introduction of the T+1 settlement cycle, the DVP (Delivery versus payment) ratio was 0.7-0-8 per cent. After the implementation of the shorter settlement cycle, this ratio had halved to 0.3-0.4 per cent, implying that the market transactions had become far more optimal and efficient.

Adequate disclosure in MF small-cap schemes can send early warning signals
The capital market regulator SEBI had recently mandated routine stress tests to be conducted on small and mid-cap funds to highlight the potential liquidity risk associated with these funds when the markets come under pressure.

Birla Frontline equity fund delivers 16% CAGR in 20 years
Similarly, a lumpsum investment of ₹1 lakh would have grown to nearly ₹45 lakh in the same period at a CAGR of 19 per cent since inception. The open-ended fund was launched in August 2002 and follows growth at a reasonable price strategy. It has a bias towards blue-chip companies, with flexibility to invest in other better performing companies too.

Local MFs’ monthly equity bets at new peak
Domestic fund managers have been investing in equities at a record level amid sustained inflows ahead of the general elections unfazed by rising valuations and talks of froth in small-cap stocks, which are often considered as a forte for generating alpha, or benchmark beating returns. In March 2024, local funds invested net ₹45,298 crore in equities, the highest in a month ever, according to data from the Securities and Exchange Board of India (Sebi). It was three times of the past 12-month average investment of ₹15,184 crore by these funds in equities.
 

Mutual funds put in record ₹1.88-lakh cr in equities in FY24
Mutual funds have pumped in ₹1.88-lakh crore into equities in 2023-24, 8 per cent higher than the previous year and double the money put into equities five years ago. This compares with the ₹2.08-lakh crore put in by foreign portfolio investors in FY24. Steady flows from domestic institutional investors have increasingly supported the market in the past few years. Equity schemes saw ₹1.58-lakh crore by way of net flows in FY24 (excluding March). This is higher than all other years except FY18 when flows stood at ₹1.69 lakh crore.

We don't sense any significant nervousness among investors: Saion Mukherjee

There are expectations of a harsh summer this time around. Are equity investors, too, likely to sweat it out in the markets in 2024?
 

Adani Green plans $4-4.5 billion in overseas bond issuances over 4 years
Adani Green Energy intends to raise around $4-4.5 billion through overseas dollar bonds over the next three to four years to fund its expansion and reach its stated target of 45 GW renewable energy capacity by 2030, sources said. The company is effectively looking to raise around $1 billion a year, sources said.