Halfway into the calendar year and the stock markets show no signs of slowing down.
The year 2017 has been favourable for the Indian stock markets with the Sensex up almost 18 per cent in the first six months. Coming back from the impact of demonetisation that impacted the last 50 days of 2016, the New Year has seen the markets factor in all the impact of the note ban move in a positive manner. The union budget, which was announced a month earlier than usual and although it did not have anything outstanding, it also did not have anything alarming to cause concern for the stock markets to react in a volatile manner.
Buoyed by the Bull Run, the primary markets are also cashing on the opportunity to tap the stock markets with several IPOs hitting the market. So far this year, over ₹11,000 crore has been raised by new issues—the average deal size of the IPOs being ₹906 crore. Incidentally, several IPOs are from companies in the financial services, such as the BSE, CDSL and more recently Au Small Finance Bank. This is a repeat of how financial sector companies raised monies from the markets even in 2016. Some of the IPOs have been from retail consumption-driven companies, such as Avenue Supermarts, the owner of DMart super market chain and Shankara Building Materials, a retail home equipment provider.
Several join the party
この記事は Outlook Money の July 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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この記事は Outlook Money の July 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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7 Steps To Refresh Your Finances In The New FY
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Turn Of The Tide: Should You Invest In Debt Funds Now?
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Fund Life Goals Before Business
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'Combined Life, Health Plans Won't Increase Complexity'
The life insurance market in India has recorded a consistent premium growth over the years, but insurance penetration is yet to reach the desired level. Quite in line, HDFC Life Insurance has shown a growth of 5 per cent year-on-year in its total annual premium equivalent in the nine months until December 2023 and has grown on other parameters as well. Its assets under management (AUM) went up 20 per cent, while it recorded a net profit of 16 per cent y-o-y, in the period. Even in terms of penetration, the company’s growth in Tier II and Tier II cities are positive. Vibha Padalkar, managing director and chief executive officer of HDFC Life Insurance shared the secret sauce for the growth in a conversation with Nidhi Sinha, editor, Outlook Money, talked about the challenges the insurance industry faces, and the road ahead in view of recent regulatory proposals. Edited excerpts:
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