Weekly News 27th June 2022

1. Weekly
News
27th June 2022
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)

2. Snapshot
Floating rate FD rolled
out by Yes Bank
MF can accept fresh
investments in
International Schemes
SEBI tells MFs to
discontinue bundling
SIPs with Insurance
cover
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© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
AMCs prepare to launch
new mutual fund
schemes

3. Floating Rate FD launched by Yes Bank
 Yes Bank has launched a fixed deposit linked to the repo rate.
 For tenure of 1 year to less than 18 months, it would offer a markup of
1.1%
 On tenure of 18 months or more and less than 3 years, the markup is
1.6%, meaning it would offer 6.5%.
 Currently, Yes Bank’s credit deposit ratio is at 91.8%. And the repo
linked FD will help the bank reduce its funding cost.
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)

4. MF can accept fresh investments in International Schemes
 The capital markets regulator said asset managers may resume
subscriptions and make investments in overseas funds or securities
'up to the headroom available without breaching the overseas
investment utilization limit’.
 The estimate that the total headroom for the industry will be just 2-
3% of the $7 billion limit. This means the industry will be able to add
just ₹800-1200 crore of international assets.

5. SEBI tells MFs to discontinue bundling SIPs with Insurance
cover
 SEBI has directed mutual funds (MFs) to stop
cover as an attraction for wooing systematic
 In a bid to make investors continue with SIP for a
started combining insurance with schemes. Since most
fund houses have an insurance company within the
of additional business for them.
© RightFocus

6. AMCs prepare to launch new mutual fund schemes from
next month as Sebi restriction nears end
 After a temporary pause, AMCs are gearing up to
fund schemes from the next month as capital markets
three-month ban on the introduction of new fund
end.
 Moreover, asset management companies (AMCs) have a
passive funds on the fixed income and equity side as
launches in certain categories to fill product gaps.
© RightFocus

7. Other Top News
 Zomato to acquire grocery delivery platform Blinkit for over ₹4,440
Cr.
 Reliance Industries Ltd (RIL) is in talks with a clutch of global banks
to raise $8 billion for its planned leveraged buyout of British pharma
chain Boots
 Supreme Court Overturns Roe V. Wade; States Can Ban Abortion

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© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)