MFNews, Author at MFNews

22 Feb

FRSN Ecosystem Summit: Strengthening Partnerships Between Industry and ITIs to Empower Youth for the Jobs of Tomorrow

MFNewsOpinions, Technology

FRSN Ecosystem Summit: Strengthening Partnerships Between Industry and ITIs to Empower Youth for the Jobs of Tomorrow Panchkula: The growing demand for a highly skilled workforce with relevant technical expertise underscores the need to strengthen the ITI (Industrial Training Institutes) ecosystem. To address this, key stakeholders from ITIs, industries, and the government came together at the FRSN Ecosystem Summit: Strengthening Partnerships Between Industry and ITIs, held on February 20th, 2025, in Panchkula, Haryana. The Future Right Skills Network (FRSN) is a collaborative effort by Accenture, Cisco, J.P. Morgan, and SAP Labs facilitated by Quest Alliance with an overarching mission to make India’s youth…

21 Feb

Chhoti SIP Big Investment: AMFI launches Chhoti SIP, Tarun Yojana, and MITRA

MFNewsBreaking News, Business, Mutual Funds

New Plans to expand mutual fund participation Mumbai: AMFI launches Chhoti SIP, Tarun Yojana, and MITRA to expand mutual fund participation The Association of Mutual Funds in India (AMFI) has introduced three new initiatives aimed at improving financial inclusion, investor awareness, and investment recovery. These initiatives— Chhoti SIP, Tarun Yojana, and MITRA—are designed to make mutual fund investing more accessible. India’s mutual fund industry has seen significant growth, with assets under management (AUM) surpassing ₹65 lakh crore. However, many potential investors remain outside the formal financial system due to lack of awareness and accessibility challenges. AMFI’s new initiatives seek to bridge…

21 Feb

One App: Unified Investor App will help track investments, shareholder resolutions, tax data

MFNewsBusiness, Insurance, Mutual Funds, Shares

A consolidated view of their financial data, including details on shareholdings, investments, and financial statements Mumbai: NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited), in collaboration with capital markets regulator Securities and Exchange Board of India (SEBI), have launched a mobile app Unified Investor Platform for investors to manage their portfolios. The new platform combines MyEasi by CDSL and SPEED-e by NSDL, to provide investors with a consolidated view of their financial data, including details on shareholdings, investments, and financial statements. According to NSDL, the platform is designed to streamline the fragmented financial information across various accounts,…

20 Feb

Pay More: Now Google Pay charge convenience fee on bill payments via credit, debit cards

MFNewsBusiness, Opinions, Technology

However, UPI payments made directly through bank accounts remain free Mumbai: Google Pay has announced a convenience fee for electricity, water, and gas bill payments made via credit and debit cards, according to a report by Media. However, UPI payments made directly through bank accounts remain free. The report states that Google Pay will levy a fee ranging from 0.5% to 1% of the transaction amount, plus applicable GST. This follows a similar move last year when the platform introduced a ₹3 convenience fee on mobile recharges. Google Pay, which holds a 37% share of UPI transactions in India, joins competitors…

20 Feb

Good News: New insurance premium payment facility via UPI from March 1

MFNewsBusiness, Insurance, Technology

This feature will allow policyholders to block funds in their bank accounts for premium payments, ensuring transactions without immediate debits. New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has announced a new premium payment mechanism, Bima-ASBA (Applications Supported by Blocked Amount), using the Unified Payments Interface (UPI). This feature will allow policyholders to block funds in their bank accounts for premium payments, ensuring transactions without immediate debits. As per IRDAI's circular issued on February 18, 2025, all insurers must offer the Bima-ASBA facility by March 1, 2025. This directive is part of the Master Circular on 'Protection of…

20 Feb

New Gold Fund: 360 ONE Asset’s new Gold ETF

MFNewsBusiness, Mutual Funds

The scheme will re-open for continuous sale and repurchase from March 10, 2025 Chandigarh: Good News! 360 ONE Mutual Fund (formerly known as IIFL Mutual Fund) introduced the 360 ONE Gold ETF on February 20, 2025. This open-ended exchange-traded fund (ETF) is designed to mirror returns linked to domestic gold prices while accounting for potential tracking errors. The NFO, which monitors gold prices within the country, will be accessible until February 28, 2025. The scheme will re-open for continuous sale and repurchase from March 10, 2025. The 360 ONE Gold ETF is a fund that is managed passively and aims…

20 Feb

Top 10 Funds: 1 साल में दिया 19% तक रिटर्न

MFNewsMutual Funds, Opinions

Chandigarh: मौजूदा दौर में बाजार में जारी भारी उठापटक के बीच इक्विटी, गोल्ड और डेट में निवेश करने वाले मल्टी एसेट एलोकेशन फंड्स ने पिछले एक साल में निवेशकों को शानदार रिटर्न दिया है। टॉप 10 फंड्स में से, सबसे अच्छा परफॉर्मेंस करने वाले आठ फंड्स ने लगभग 12% से 19% के बीच रिटर्न प्रदान किया है। मार्केट एक्सपर्ट्स कहते हैं, चूंकि पिछले 5-6 महीनों से शेयर बाजार कमजोर प्रदर्शन कर रहा है। ऐसे में मल्टी एसेट अलोकेशन फंड्स के लिए बेहतर संभावनाएं नजर आ रही हैं। AMFI के डेटा के मुताबिक, हाइब्रिड म्युचुअल फंड की इस कैटिगरी (मल्टी एसेट…

20 Feb

Public Sector General Insurance Companies(PSGICs), become profitable again

MFNewsBusiness, Insurance

Government infuses Rs. 17,450 crore into PSGICs between 2019-20 and 2021-22 to support reforms, improve efficiency, and drive profitability New Delhi: Indian Public Sector General Insurance Companies (PSGICs), that historically reported losses, witnessed a major turn around with all of them having become profitable again. While Oriental Insurance Company Ltd. (OICL) and National Insurance Company Ltd. (NICL) started posting quarterly profits from Q4 of F.Y. 2023-24 and Q2 of F.Y. 2024-25 respectively, United India Insurance Company Ltd. (UIICL) posted profit in Q3 of FY 2024-25 after a gap of 7 years. Notably, New India Assurance Company Ltd. (NIACL) has consistently…

19 Feb

Bajaj Allianz Life Unveils Guaranteed Pension Goal II with Industry-First 30-Year Deferment Option

MFNewsBusiness, Insurance, Mutual Funds

New-age annuity plan offers flexible payout options, lifelong income security, and tailored solutions for evolving retirement needs Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, today announced the launch of Bajaj Allianz Life Guaranteed Pension Goal II, a non-linked, non-participating immediate and deferred annuity plan designed to help customers take control of their retirement planning. With an industry-first feature allowing a deferment of up to 30 years, this innovative pension plan enables individuals as young as 35 years to start securing their financial future, providing unmatched flexibility for early retirement planning. Recent study by Bajaj Allianz Life revealed that 77% of Indians…

19 Feb

98% of Home Security Breach Impact Victims Happiness – Reveals Godrej Enterprise Group’s Happiness Survey

MFNewsBusiness, Technology

The Security Solutions Business of Godrej Enterprise Group Highlights the Deep Connection between Security and True Happiness Chandigarh: Security is more than just a measure of protection—it is the foundation of peace of mind and lasting happiness. The latest ‘Happiness Survey’ conducted by the Security Solutions Business of Godrej Enterprise Group reveals that an overwhelming 98% of individuals who experienced a security breach in their homes reported a direct impact on their overall sense of security and happiness. More alarmingly, 56% of these respondents admitted that the breach had a significant to extreme effect on their well-being. With a concerning…