PRUDENTIAL
Prudential, HCL’s Vama to form Indian health insurance venture
Prudential Plc and Vama Sundari Investments will launch a standalone health insurance business in India, with Prudential holding 70% and Vama 30%. The venture, led by Amar Joshi as CEO, will address India's growing healthcare market. Health insurance in India is expanding rapidly, driven by increased awareness, and the venture will support the 'Insurance for All by 2047' goal.
Morningstar announces winners for investing excellence India 2025. Check toppers in various categories
Morningstar announced the 2025 Morningstar Awards for Investing Excellence India, recognizing top funds and asset managers for strong risk-adjusted returns. Awards include Category and Asset Manager Awards, selected using Morningstar’s forward-looking ratings and performance metrics.
NFO Update: ICICI Prudential Mutual Fund launches Nifty EV & New Age Automotive based passive funds
ICICI Prudential Mutual Fund launched the Nifty EV & New Age Automotive ETF and FOF, offering exposure to India’s expanding EV sector. The ETF tracks the Nifty EV & New Age Automotive Index, while the FOF enables participation without a Demat account. The scheme benefits from government incentives and technological advancements.
Best aggressive hybrid mutual funds to invest in March 2025
Aggressive hybrid funds are one of the popular hybrid mutual fund categories. These schemes are mandated to invest in a mix of equity (or stocks) and debt. As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volatility better.
Prudential steps on retail, NBFC loans helped lower risks: RBI
Reserve Bank of India’s measures to control credit offtake have successfully mitigated risks in unsecured loans. By increasing risk weights on these loans in November 2023, the growth in credit card dues and loans to non-bank lenders decelerated significantly. Following this moderation, the RBI plans to restore the original risk weights starting in FY26.
Best value funds to invest in March 2025
When you are following value investing principles, there may be periods when your stocks would underperform in the market. All you need to do at that time is just to stick to your strategy and wait patiently. However, the last few years taught investors that it is not easy to follow. Many investors lost patience and they sold their investments.
Rotation out of US markets into EM starting, India could be a big winner: Ajay Bagga
Ajay Bagga, a market expert, indicates a shift of funds back to emerging markets, benefiting India and China. Global brokerages are endorsing Indian markets, anticipating further growth, especially in banking. RBI's liquidity measures and potential rate cuts may bolster the economy. Midcaps are expected to outperform, while U.S. market's uncertainty persists.
RBI to set up 'on Tap' cohort on climate change risks: Guv Malhotra
The Reserve Bank of India will create an 'on Tap' cohort dedicated to climate change risks and sustainable finance under its Regulatory Sandbox initiative, said Governor Sanjay Malhotra. This aims to build capacity, develop ecosystems, and finance green transitions while managing financial risks. Additionally, a 'Greenathon' focused on climate change will be conducted to foster sustainable finance.
SIP investors aren’t even flinching at market slump! Are you one of them?
Despite market volatility and a 6% decline in benchmark indices in February, mutual fund SIP inflows only dipped by 2%. Experts advise staying invested through SIPs during volatile times to benefit from lower prices, particularly in large-cap, flexi-cap, or equity-oriented hybrid products.
Mutual funds increase cash allocation by Rs 55,000 crore in one year to Rs 1.87 lakh crore
Mutual fund cash holdings surged Rs 54,730 crore YoY, reaching Rs 1.87 lakh crore in February 2025, up from Rs 1.33 lakh crore a year ago. Cash allocation as a percentage of AUM rose to 5.76%. PPFAS, Axis, and SBI Mutual Funds significantly increased their cash allocations, with PPFAS holdings rising to 20.84% of total AUM.
S Naren’s warning impact? Smallcap mutual fund inflows decline 35% in February
Small-cap mutual fund inflows fell 35% month-on-month to Rs 3,722 crore in February, down from Rs 5,720 crore in January, amid S. Naren’s caution on small- and mid-cap stocks. However, yearly inflows remain 27% higher than February 2024. Experts believe the post-COVID rally in small-cap schemes has paused, signaling a shift in investor sentiment.
Potential investors in IndusInd International Holdings' bond issue reassess risk
Hinduja Group-led IndusInd International Holdings (IIHL) mandated Barclays and 360 One to syndicate the debt, people cited above said. The bank on Monday disclosed accounting discrepancies in its derivative transactions affecting 2.35% of its net worth, raising alarm among potential investors.
Vedanta cuts debt by $550 million, saves $90 million in interest costs
Vedanta has repaid a high-cost $900 million loan, reducing net debt by $550 million and saving $90 million annually in interest. The repayment was funded by a $1 billion QIP and a new $350 million facility at a lower rate. Vedanta's net debt-to-EBITDA ratio has significantly improved, with further debt reductions by its parent company.
Mutual funds sold around 1.6 crore IndusInd Bank shares in February before the crash
The report notes that the stock was one of the top reductions in the mutual fund industry. IndusInd Bank was one of the three new stocks added by Quant Mutual Fund, which purchased 30.77 lakh shares valued at Rs 300 crore in February.
Which mutual funds hold the largest stake in IndusInd Bank?
IndusInd Bank's shares plunged 26% due to an accounting discrepancy in its forex derivatives portfolio, causing a significant downgrade by multiple brokerages. Mutual funds held approximately 20.08 crore shares, with ICICI Prudential Mutual Fund having the highest exposure. Other major fund houses like SBI, HDFC, and UTI also had substantial investments in IndusInd Bank.
Hitachi Energy’s Rs 2,000 crore QIP subscribed 2 times, company may partially exercise the green shoe option
Hitachi Energy India's Rs 2,000 crore qualified institutional placement (QIP) offering was subscribed two times. The issue saw participation from notable institutions including Norges Bank and various domestic insurance firms. Shares fell 4.2% on the BSE. Proceeds from the QIP will be used for capital expenditure, working capital, and general corporate purposes.
Will Sitharaman's tax relief for middle class dent insurance cos' profits?
The Modi government has announced significant tax cuts in its new budget, focusing on the middle class. Finance Minister Nirmala Sitharaman highlighted that income up to Rs 12 lakh will be tax-exempt. While these reforms benefit taxpayers, they could affect the life insurance sector as tax-saving becomes a less critical motive for investment.
No proposal for relief to microfinance sector due to NPAs
Microfinance credit stress is emerging this financial year due to RBI's preventive measures to manage risks, according to Finance Minister Pankaj Chaudhary. RBI has advised banks and NBFCs to improve underwriting and collection efforts.
I will put incremental money in market now & keep deploying on further corrections: Jitendra Arora
Jitendra Arora of ICICI Prudential Life Insurance believes the market hasn't bottomed yet, despite significant corrections. He advises a cautious approach, suggesting equity investments are best for those with a two-three year horizon. He sees strong potential in domestic-focused sectors like banking, NBFCs, and insurance, while cautioning about risks like earnings downgrades and global market volatility.
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