Weekly Roundup – April 2

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CAMS brings you a weekly glimpse into the key news in the BFSI sector, both in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector…

The newer RBI policies for Financial year 2016-17 will set the tone for capital markets. The BSE Mid-cap index gained 1.1% while the Small-cap index surged 1.3%, outperforming the benchmark indices

RBI

 

Justifying slashing of interest rate on small saving instruments like PPF, Finance Minister Arun Jaitley today said interest rates in India are “extraordinarily” high and the country risks becoming the most sluggish economy if lending rates continue to rule high.

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Over 39 lakh investor accounts or folios were added in equity mutual funds in the first eleven month of the financial year 2015-16. Folios are numbers designated for individual investor accounts, though one investor can have multiple accounts.

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In an attempt to end the complexities of mutual fund investing, Securities & Exchange Board of India has told mutual funds to reduce the number of funds under management. The regulator believes that the current products list, longer than the number of actively traded listed stocks on stock exchanges, is confusing investors.

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IRDA revises third-party motor insurance premium rates for 2016-17.Every year, the Insurance Regulatory and Development Authority of India (IRDA) revises premium rates, taking into account the number of claims made and loss ratios for insurers.

 

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Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 60% of assets of the industry across 15 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading insurance companies, banks, NBFC’s and alternate investment funds. To know more visit www.camsonline.com

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Sudarshan Ranganthan

Breaths Investments, Suggests Wealth Creation Ideas, Lives on Law Of Attraction

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