EQUITIES may have lost the flavour with the market and so have equity diversified mutual fund schemes. However, thanks to the income-tax incentives, equity-linked savings schemes (ELSS) have still not lost their flavour completely with investor ..

NEW DELHI: Large mutual fund houses have seen a greater inflow of funds in the month of February, amid the MF industry witnessing a rise in theirassets under management for the third consecutive month, CRISIL says."Size appears to be a key facto ..

MUMBAI: The global financial crisis is not as big a concern for Indian life insurance companiesas it is for global players. Indian insurers feelthat the ability to manage sales and distribution networks was the overriding challenge against global con ..

SBI Mutual Fund has proposed to revise the exit load structure of SBI Short Horizon Fund- Short Term Fund - Retail Plan with effect from March 19, 2009. Accordingly, the scheme will charge an exit load of 0.50% for the exit within 1 month form the da ..

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 1. The record date for the same is March 23, 2009. The fund house has decided to distribute up to 100% distributable surplus as dividend on the rec ..

NEW DELHI: Cashing in on the current lower value of different stocks, the Life Insurance Corporation has increased its stake in as many as 11 firms, including SBI and ICICI Bank, so far this year through open market transactions worth a little more t ..

The expenditure on collection in respect of sales tax, stamp duty and registration fees, among other things, in Kerala is higher than the national average.According to the report of the Comptroller and Auditor General of India (CAG) for the year ende ..

he inter-bank call rate closed a tad higher at 4.25-4.40 per cent, against the previous close of 4.20-4.30 per cent.In the first liquidity adjustment facility (LAF), there were no bids in the repo and the reverse repo auction. Under the second LAF, t ..

THIRUVANANTHAPURAM: ICICI Prudential Life Insurance, which lays claim to being the leading private life insurance player in the country, hasregistered a 28% growth in the first 9 months of the fiscal. Company vice president K S Mahesh said here that  ..

THIRUVANANTHAPURAM: ICICI Prudential Life Insurance company has garnered a total premium of Rs.9,918 crores for the nine month period endedDecember 31, 2008, Company Vice President K S Mahesh said on Wednesday.The company registered 28 per cent growt ..

 ING Vysya Bank on Wednesday said that Franklin Templeton MF has offloaded its stake to 2.98 per cent for Rs 4.33 crore through anopen-market transaction.In a disclosure to the Bombay Stock Exchange, ING Vysya Bank said Franklin Templeton MF has ..

MUMBAI: Taurus Mutual Fund on Wednesday launched a 370-days fixed maturity plan that focuses on investment in debt and money market instruments.The close-ended scheme is ideal for investors who wish to generate income while minimising risk over the m ..

NEW DELHI: Indian money managers, who have historically used dividends as a ploy to lure investors to tax-saving stock funds, are shying awayfrom payouts this year, as a savage share market decline limits distributable surplus.Only seven tax funds ha ..

Consumer advocates have proposed that federal law enforcement agencies should create a special investigative unit dedicated to unearthing any fraud or misconduct attributable to American International Group (AIG) employees paid bonuses since taxpayer ..

The National Association of Insurance Commissioners (NAIC) has adopted a proposal to review the use of credit-based insurance scoring.The NAIC said it will convene a public hearing to take testimony on how the insurance industry uses credit scores, w ..

The proposed opening up of the New Pension Scheme (NPS) to the organised and unorganised sectors from April 1 this year had kindled hopes amongasset management companies (AMCs) of bolstering their business at a time when they have been coping with a  ..

MUMBAI: Fund managers never tire of advocating that the best time to invest in equities is when the chips are down. Unfortunately, few mutualfund investors seem to share that view today.With equity mutual fund schemes recording their worst performanc ..

nsurance giant AIG will be required to reimburse the government for hefty executive bonuses in order to get additional bailout funds, Treasury Secretary Timothy Geithner said on Tuesday.In a letter to House Speaker Nancy Pelosi following a firestorm  ..

State-owned Life Insurance Corp has invested at least $5.6 billion – at least Rs. 30,000 crore- in the equity markets in the current fiscal year which has witnessed depressed conditions. Very quietly, the behemoth rich in premium payments may h ..

Hyderabad, A customer cannot expect continuity of benefits in case he wishes to migrate from a common portable mediclaim to another health insurance product, according to the portable health insurance policy drafted by the General Insurance Council.T ..