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Finance supervisors also say that middle-class investors (below the Rs 5-lakh-a-year bracket) have already organized for resources by redeeming their common fund holdings or through additional industry sales.
Insurance industry resources report the changing profile of the Indian native insurance policy customer. "With high-income earners no longer getting the benefits of Sec 88, the customer is the low-to-mid-income classification and this is a classification that is not necessarily tuned to trading stocks," says a us president of a private sector insurance policy coverage company.
The average accumulation by way of new rates mobilised by the plan coverage companies in Indian native is placed at about Rs 20,000-25,000 crore, and a small leak towards IPO is not likely to have a material impact, adds the CEO.
Insurance industry resources also say that with banks competing with each other for providing edge finance for signing up for IPOs, resources organized to be spent in tax-saving techniques would continue to be spent in insurance policy techniques.
Insurance industry resources report the changing profile of the Indian native insurance policy customer. "With high-income earners no longer getting the benefits of Sec 88, the customer is the low-to-mid-income classification and this is a classification that is not necessarily tuned to trading stocks," says a us president of a private sector insurance policy coverage company.
The average accumulation by way of new rates mobilised by the plan coverage companies in Indian native is placed at about Rs 20,000-25,000 crore, and a small leak towards IPO is not likely to have a material impact, adds the CEO.
Insurance industry resources also say that with banks competing with each other for providing edge finance for signing up for IPOs, resources organized to be spent in tax-saving techniques would continue to be spent in insurance policy techniques.
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