Non-life premium collection up, courtesy rising auto sales

Riding on the back of rising auto sales last month, the non-life insurance industry has recorded a marginal rise in premium collection. According to data collated from companies, the general insurance industry recorded a growth of 6.72 p

Shed dependence on corporate money, RBI tells mutual funds

The Reserve Bank of India (RBI) today pointed out flaws in the business model adopted by mutual funds in India.For starters, it said there was high dependence on corporate and institutional investors, which made them susceptible to short-

Wealth managers who keep it all in the family

Multi-Family Offices are emerging as a new breed of advisors to cater to the growing clan of high net worth individuals. A Mumbai-based businessman with anet worth of Rs 250 crore reached astalemate when he tried to divide his wealth among two sons.

Banks park Rs 17,291 crore in MFs

WHAT FUND HOUSES SAY Investments came in fortnight ended Aug 14 on low credit offtake Banks' investments in mutual funds increased by Rs 17,291 crore during the fortnight ended August 14 to Rs 1,56,910 crore, which is over 20 per cent of the total asset under

Insurers expect growth in one year

INSURANCE executives the world over are cautiously optimistic about the next 12 months, with many expecting to witness growth. This has been underscored by a recent joint survey by KPMG International and the Economist Intelligence Unit. This assumes significance