JM Financial believes FY21 will be a tough year for the company as a) persistent weakness in equity markets will have a negative impact on both the profitability and AUM growth outlook, as equity MFs are the highest-yielding product for AMCs, b) 73 percent decline in commission expenses which aided operating PBT in FY20 will get factored into the base in FY21 and c) revenue yields will continue to taper off gradually over the medium term, with new equity MF flows incurring higher trail commissions expense (led by the ban on upfront commissions). … [Read more...] about Nippon Life shares plunge 9% after steep fall in Q4 profit, but analysts remain bullish
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EY India Partner Satyam Shivam Sundaram said that the concessional farm loans through KCC are a "big step" towards institutional credit to the marginal and small farmers, who have hitherto mostly been availing credit from the informal sector at a very high rate. … [Read more...] about Experts give mixed reaction to govt package for farmers
Modi’s surprise participation may be explained by India’s pro-active diplomatic response to COVID-19 and as part of a broader practical approach to use the existing platforms to coordinate state action and project India’s leadership capabilities. This is necessitated, in part, due to the pandemic relegating the global leadership to the margins, leaving nations to fight their own wars. In the wake of a potential recalibration of the world order, nonalignment in the ‘traditional sense’ of the word — independence of judgment and freedom of action in pursuing one’s national interest — becomes increasingly relevant. … [Read more...] about Policy | A self-reliant India is where Modi and Nehru find common ground
While some life insurers might raise premiums in April, others could do it after two months, but a hike seems certain. “If someone is looking to buy a term cover, the right time to buy is now. The increase could be in the range of 20-30 per cent, depending on the insurer. Those in the older age-groups could see a sharper increase,” says Mohit Garg, Head, Products, PNB Metlife. … [Read more...] about Costlier term cover from April: Should you buy one now?