The pension and insurance regulators are finalising a strategy to streamline the process for payouts under the National Pension System, including online purchase of annuities, easier KYC norms and a simplified form.
The domestic mutual funds (MF) industry has created a new record, with total AUM surpassing the INR25t mark for the first time in history. Notably, at INR25.2t in August 2018 (+9.3% MoM), MF industry AUM has increased by a staggering 4.6x from INR5.4t in Aug-2008.
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