Irdai’s policy rollback: How it affects insurance surrenders
The Insurance Regulatory and Development Authority of India (Irdai) has junked its proposal to hike the guaranteed surrender value (GSV) for policyholders. Had this proposal, unveiled in December, been implemented, it would have increased the GSV of non-participating life insurance plans by 74-85%, as per some estimates. Non-participating plans are those in which maturity benefits are guaranteed and are not linked to the profits that insurers earn.

Tata AIA Life rolls out ‘Karlo Shaadi Ki Poori Taiyaari’ campaign
Tata AIA Life Insurance Company has launched a new campaign titled ‘Karlo Shaadi Ki Poori Taiyaari,’ acknowledging the significance of weddings in India. The campaign humorously highlights the excitement of wedding shopping and emphasises the importance of comprehensive financial planning with life insurance.

Governance to high pay, LIC marks its concerns with voting
Mumbai : Life Insurance Corp. of India (LIC) expressed displeasure about various top appointments and business decisions at listed companies in FY24, rejecting a number of proposals and abstaining from voting on others.

General insurance industry records a 16.22 per cent growth in premium in 2023-24
 

Mutual Funds: Net AUM declines marginally to ₹53 lakh crore in March, shows AMFI data
The mutual fund (MF) industry’s net assets under management (AUM) declined by 2 per cent to ₹53,40,194 crore at the end of March 2024, as against ₹54.54 lakh crore as on February 29 this year, data released by the Association of Mutual Funds in India (AMFI) reveals.

MF equity inflows slide 16% on small-cap weakness
Mumbai: Inflows into equity mutual fund schemes were down 16 per cent last month to ₹22,633 crore against ₹26,865 crore logged in February on the back of concern over high valuation.

Equity MF inflows drop 16% in March, debt funds record Rs 2 lakh crore outflows
Equity mutual fund inflows drop 16% in March hit by smallcap schemes; debt funds see massive Rs 2 lakh crore outflows
The Financial Express

Liquid mutual funds outflow exceeds Rs 1.5 trillion in March, shows data

Liquid mutual funds invest money in debt instruments like government securities, commercial papers and treasury bills that mature in 91 days. Hence, these instruments are less prone to risks associated with interest rate change.

Equity mutual funds attract `22,633 crore in March
Equity mutual funds ended the financial year 2023-24 on a positive note with a net inflow of Rs 22,633 crore in March, propelled by huge interest for thematic funds and launch of new fund offerings (NFOs). However, the latest flow was 16 per cent lower compared to an infusion of Rs 26,866 crore seen in the preceding month, data with the Association of Mutual Funds in India (AMFI) showed on Wednesday. Systematic Investment Plan (SIP) monthly inflow rose to a fresh high of Rs 19,270 crore during the month under review from Rs 19,187 crore in February. Total SIP contribution stood at Rs 2 lakh crore, an uptick of 28 per cent over the previous year.

India equity capital market issuances hit record at $ 14.8 billion

ECM proceeds jumped fivefold from the first quarter of the previous year when 70 deals worth $2.8 billion were launched. Citi topped the underwriting league table for Indian clients with a market share of 14 per cent. 

Private equity investments plummet to 6-year low at $1.77 billion in Jan-March 2024: LSEG Deals Intelligence
Private equity investments into India hit a six-year low in January-March 2024 at $1.77 billion, down 43.6 per cent over $3.15 billion a year ago, latest data from LSEG Deals Intelligence showed.   This latest downturn reflects the weakest start to the year since 2018, when PE investments into India touched $1.7 billion in January-March quarter, Elaine Tan, Senior Manager, LSEG Deals Intelligence, said.