Newsroom

There is no upper limit to invest in GOI Bonds and overall volumes have gone up to 10 times in the last 2 months.

In a downward interest rate scenario, when the Banks and NBFCs are reducing their Interest Rates beyond 7 per cent per annum there is an attractive offering 7.75 per cent Savings (Taxable) Bonds, 2018, issued by Government of India for Resident Individual Clients and HUF (Hindu Undivided Family).

Insurance Regulatory and Development Authority of India (IRDAI), in June, directed insurance companies to stop selling long-term motor insurance package policy to new vehicle owners from August 1, 2020. The decision was announced by IRDAI to bring down the on-road price of a new vehicle. This means that customers purchasing a new vehicle from August 1 onwards will no longer have to purchase a long-term insurance policy which included own-damage (OD) cover and third-party insurance for three years for car owners and five years for two-wheeler owners. 

Driven by investments in liquid schemes as also banking and PSU funds, debt mutual funds saw an inflow of Rs 1.1 lakh crore in three months ended June 2020 after witnessing massive redemptions in the preceding quarter.

Most individual categories that invest in fixed-income securities, or debt funds, saw inflows. However, credit risk, overnight, ultra-short duration, medium duration and dynamic bond funds saw withdrawals.

Bajaj Capital Finance Services firm has rolled out its coronavirus hospitalization insurance policy that covers all citizens including senior citizens up to the age of65 years. They can buy this product without taking any medical tests.

We are pleased to announce the introduction of Minor Account opening along with Simplified 4 steps Onboarding Journey on Online MF platform.

Now, Process for Onboarding has been simplified.  You can onboard client with either of one contact details (Mobile or Email) updated with KRA. You can also initiate Minor account opening with & without PAN.