Life insurance companies have appointed around 13 lakh agents during 2008-09 despite the sector going through a tough phase following the impact of the global financial crisis. The number of life insurance agents increased to 29.37 lakh by the end of March 2009, according to Insurance Regulatory and Development Authority (Irda) annual report 2008-09.
Impact of Demonetization: · Improvement in Government's fiscal position going forward: Ø Higher benefits for the Government if lesser currency notes comes back into the system Ø Increase in Tax Reporting leading to better revenue hence better fiscal · System Liquidity to increase going forward · Inflation expected to fall further · Growth to be positively impacted over medium to long term with near term hiccups Duration Funds: In light of the above facts and expectations investors may consider long duration funds ( Reliance Dynamic Bond Fund, Reliance Income Fund & Reliance Gilt Securities Fund ) as these funds would benefit on further easing of yields over next 12 to 18 months. 'Reliance Dynamic Bond Fund' aims at generating returns even in stable interest rate markets by exploring different trading strategies. The strategy to differentiate Tactical Positions f...
