Mutual fund (MF) distributors have seen shrinking incomes with the gross amount paid by fund houses slipping to a three-year low of Rs 6,134 crore in 2019-2020 (FY20). The payouts were 22 per cent lower than previous year’s tally of Rs 7,938 crore. Market participants attribute this to a combination of factors. “Fund houses are looking to control costs by rationalising the commission-linked structures. As more fund houses get listed, the commissions could fall further, as MFs would look to further optimise their overall costs,” said Srikanth Matrubai, chief executive officer of Sri Kavi…

US stock indexes fell in choppy trading on Thursday as fears of another lockdown to contain a surge in coronavirus cases overshadowed data pointing to a declining trend in weekly jobless claims. The Labor Department’s most timely data on the economy showed 1.31 million Americans filed for state unemployment benefits in the latest week, down from 1.43 million in the previous week. However, the labor market remains fragile as the United States reported more than 60,000 new Covid-19 infections on Wednesday, setting a single-day global record. “We are reaching levels of…

Brands and influencers are embracing the power of loop giveaways. Here’s how they work.Free Book Preview No BS Guide to Direct Response Social Media Marketing The ultimate guide to – producing measurable, monetizable results with social media marketing. July 8, 2020 4 min readOpinions expressed by Entrepreneur contributors are their own. While platforms like Instagram and Facebook originally provided space for regular people to share details of their daily lives, it is no secret that these outlets have become finely-tuned marketing machines for brands. Plenty of influencers and products have risen to prominence due to tweets and posts…

Illustration by Peter StarkWhen disruption strikes a business, it is natural for its leaders to try to defend it by focusing on core business activities and improving current products and practices, even while creating a sense of urgency to bring about change. In a survey of 486 global CEOs PwC undertook in 2019, a significant majority said this was a good response to disruptive new entrants. On the face of it, this reaction appears to be a no-brainer. And there are numerous examples of companies whose defense succeeded. Take Sky, a European media and entertainment company that responded to…

The Karnataka High Court (HC) on Wednesday gave a preliminary hearing to the matter pertaining to wind-up of schemes by Franklin Templeton Mutual Fund (FT MF), and said the matter would be heard on priority in order to complete the hearing within three months, said people privy of the development. “The Hon’ble Karnataka HC considered the matters related to winding-up of six debt schemes of Franklin Templeton Mutual Fund and issued notices to the concerned parties. The parties are directed to file counter affidavit/statement of objections and rejoinder, if any, by July 22, 2020 and July…

Join Crystal Surrency, SVP of Strategy at Fullscreen, as she discusses how to identify the people most likely to become customers and how to find them on social media.Free Book Preview No BS Guide to Direct Response Social Media Marketing The ultimate guide to – producing measurable, monetizable results with social media marketing. July 7, 2020 1 min readOpinions expressed by Entrepreneur contributors are their own. Identifying your social media audience is key to a successful campaign. In this free webinar, Crystal Surrency, SVP of Strategy at Fullscreen, will help you identify the people most likely to become…

You can now buy a cover of more than Rs 5 lakh under Arogya Sanjeevani, the standard health insurance policy, with the regulator removing the cap on maximum sum insured. The Insurance Regulatory and Development Authority of India (Irdai) has also removed the mandate on minimum sum insured of Rs 1 lakh under the policy, allowing customers to buy a basic cover of Rs 50,000. In January, Irdai had mandated all general and health insurers to offer a standardised health cover with minimum sum insured of Rs 1 lakh and maximum Rs 5 lakh.…

Markets regulator Sebi is looking at permitting futures trading in petrol and diesel, an official said emphasising that there has been no disruption in commodities derivatives trading during the Covid-19 crisis. The Securities and Exchange Board of India (Sebi) is also looking at re-allowing futures trade in tur and urad, which were banned in 2007 after a spike in prices of these commodities. “Yes, all products that I mentioned over here (tur and urad weather indices), including petrol and diesel, are being looked into,” Sebi General Manager (Commodity Segment) Chhavi Kapoor…