Mutual Fund & Life Insurance Corporation

A mutual fund is a type of professionally-managed collective investment vehicle that pools money from many investors to purchase securities. Life Insurance Corporation of India (LIC) is the largest insurance group and investment company in India. 2.0/5

Mutual Fund Life Insurance Corporation Unit Trust Public Sector Reserve Bank Industrial Development Bank State Bank Deputy Managing Director

System in India - An Overview History of Insurance Sector - The oldest existing insurance company in India is the National Insurance Company , which was founded in 1906, and is still in business. The largest life-insurance company in India, Life Insurance Corporation of India is still owned by the government and carries a sovereign guarantee for all insurance policies issued by it. In the year 1912, the Life Insurance Companies Act and the Provident Fund Act were passed to regulate the insurance business. The Government of India issued an Ordinance on 19 January 1956 nationalizing the Life Insurance sector and Life Insurance Corporation came into existence in the same year. The General Insurance Corporation of India was incorporated as a company in 1971 and it commence business on 1 January 1973. Insurance Repository On 16th September 2013, IRDA launched 'Insurance Repository' services in India. It is a unique concept and first to be introduced in India. This system enables policy holders to buy and keep ...
Nehru Ji created the Life Insurance Corporation.the Unit Trust of India.It was India’s first mutual fund.
Contrarian funds strike gold as SBI stock jumps 37% since Aug (Apr 16, 2014) WITH the bull run in the equity market, long-only foreign funds that take contrarian bets have been making a killing. A clear example is seen from the way large institutional investors have dealt in the shares of State Bank of India, which had crashed to a multi-year low in the first five months of FY14. Contrarian player Norway- based Skagen, a foreign institutional investor registered with Sebi, raised its stake in SBI to a little over one per cent at the end of 2013-14 from 0.7 per cent. Other contrarian players in the domestic funds industry such as HDFC Mutual Fund and Life Insurance Corporation of India also raised stake in SBI taking advantage of prevailing low share price during the greater part of the year. Today long-only funds sit on huge profit due to their bottom picking in SBI shares. SBI shares have outperformed the market during the last seven-and-a-half months, rising by 37.26 per cent from its low of Rs 1,452.90 ...
DOMESTIC NEWS • RBI Deputy Governor says India's wide fiscal and current account deficits, and high inflation have been hurting economic growth. • Indian government’s indirect tax collections rose 17% to Rs 2.57 lakh cr in April- October period as against the annual growth target of 27%. • World Bank says India will receive record $70bn remittances in the year 2012, topping the list of developing countries which are expected to receive a total of $406bn this year. • Japan to give a fresh loan of about $2.26bn for the second phase of Dedicated Freight Corridor and an infrastructure project in Southern India. • Finance Minister asks banks to bail out builders, particularly those involved in construction of residential properties, in order to revive the economic growth. • Finance Ministry permits Life Insurance Corporation to invest up to 30% in a company as against the earlier ceiling of 10%. • Government to kick-start its divestment programme on November 23 with the sale of 4% stake in Hind ...
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