Latest news with #NFO
IOL News
5 hours ago
- Business
- IOL News
South Africa's growing consumer debt: Economists warn of dangerous borrowing trends
Economists have warned that rising consumer borrowing for essentials like groceries and fuel poses serious risks to household stability. Image: Ayanda Ndamane / Independent Newspapers Economists have warned that South Africans are falling into unsustainable debt by using credit to purchase basic necessities such as groceries, fuel, and electricity. They say this shift is financially dangerous and structurally damaging to household stability. This follows a warning from the National Financial Ombud Scheme South Africa (NFO), which flagged a sharp rise in consumer credit defaults. TransUnion's Q1 2025 Industry Insights Report shows that 41.3% of non-bank personal loan accounts are now more than three months in arrears, the highest serious delinquency rate recorded in over three years. Retail instalment account defaults stand at 27.1%, clothing accounts at 25.9%, and revolving credit at 14.9%. According to the report, uptake of these products is also increasing, with retail instalment credit up 16%, clothing credit up 7.6%, and revolving credit up 5.4%. The NFO says this simultaneous rise in borrowing and missed payments reflects mounting financial strain on households. 'These figures are not just statistics. They reflect the reality of households using credit to survive rather than to grow,' said Kwanda Vabaza, Manager of Adjudication at the NFO's Banking and Credit Division. 'When nearly half of all non-bank loan holders are behind on their payments, the system is under significant strain.' Independent economist Professor Bonke Dumisa cautioned that consumers should avoid credit for daily expenses. 'Ordinary consumers must avoid purchasing groceries or other regular household goods on credit,' he said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading He added that consumers should try to avoid having their credit liabilities above 25% of their total disposable income. Professor Waldo Krugell, an economist at North-West University, noted that while the full scale of the problem is difficult to determine from credit bureau data alone, the pressure on consumers is evident. 'Though consumers have been spending on food, restaurants, clothing, and footwear, there is also something of a cost-of-living crisis. The inflation rate has come down, but price levels are high and salaries have been slow to catch up. In the end, many people spend on credit, essentially living above their means.' Krugell added that the situation is likely to affect broader economic performance. 'At some stage, households will have to apply some unpleasant austerity, and consumer spending as a driver of the economy will take a knock.' While financial institutions remain stable, Krugell said profitability and share prices could decline if consumer defaults rise. He also flagged low levels of financial literacy as a key concern. 'Current regulations and checks are quite good, but there is a big deficit in consumer financial literacy. Most of us know too little about managing our finances well.' The NFO has also raised concerns about reckless lending and urged consumers to lodge complaints with it if they were granted unaffordable loans. THE MERCURY
Economic Times
5 hours ago
- Business
- Economic Times
NFO Alert: 360 ONE Mutual Fund launches multi-asset allocation fund
Synopsis 360 ONE's new multi-asset fund seeks to balance growth and stability by actively investing across varied asset classes. With allocations to equity, debt, commodities, and real assets like REITs and InvITs, the fund is designed to help investors navigate uncertain and volatile market conditions. The new fund offer, or NFO, is open for subscription and will close on August 13. 360 ONE Asset has announced the launch of its new fund, 360 ONE Multi Asset Allocation Fund, an open-ended fund that will invest in a diversified portfolio of equities, debt, commodities, and assets such as REITs and InvITs. The new fund offer, or NFO, is open for subscription and will close on August 13. The fund aims to generate long-term wealth creation and income through active management of multiple asset classes. Also Read | MF Tracker: UTI Mid Cap Fund turns Rs 10,000 SIP to nearly Rs 1.62 crore in 2 decades The 360 ONE Multi Asset Allocation Fund addresses the need for portfolio diversification amid increasing geopolitical instability, currency fluctuations, and global economic challenges. By investing across asset classes with varying correlations, the fund aims to deliver a smoother investment journey and counterbalance market volatility, according to a press release by the fund fund follows a dynamic asset allocation framework with investments across multiple asset classes, including 15% to 35% in equities to target long-term growth, 25% to 50% in debt instruments for relative stability, 25% to 40% in gold and silver as a hedge against global uncertainties, and a portion in REITs and InvITs to provide exposure to real estate. The fund is benchmarked against a composite index of BSE 500 TRI (25%), NIFTY Composite Debt Index (45%), and domestic gold and silver prices (30%). The fund is managed by Mayur Patel, Milan Mody, and Rahul Khetawat. The minimum investment amount during the NFO is Rs 1,000 and in multiples of Re 1 thereafter. For SIP investments, the minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter. The fund has an exit load structure of 1% if units beyond 10% are redeemed within one year from allotment, while no exit load is applicable for units redeemed after one year from allotment. Also Read | JioBlackRock Mutual Fund to launch 5 index NFOs next week. Check dates, other details "The 360 ONE Multi Asset Allocation Fund embodies our commitment to providing innovative solutions tailored to investors' evolving needs. By diversifying across asset classes, we aim to mitigate risk and create sustainable value for our clients in an ever-changing global environment. With this fund, we are not only expanding our robust portfolio of investment products but also empowering investors to navigate market complexities with confidence. This is another step in our journey to redefine the investment landscape in India," said Raghav Iyengar, CEO of 360 ONE Asset. The fund is suitable for investors seeking to create wealth and income in the long term and who want investment in multiple asset classes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
6 hours ago
- Business
- Time of India
NFO Alert: 360 ONE Mutual Fund launches multi-asset allocation fund
360 ONE Asset has announced the launch of its new fund, 360 ONE Multi Asset Allocation Fund , an open-ended fund that will invest in a diversified portfolio of equities, debt, commodities, and assets such as REITs and InvITs. The new fund offer, or NFO, is open for subscription and will close on August 13. The fund aims to generate long-term wealth creation and income through active management of multiple asset classes. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Public Policy Design Thinking Artificial Intelligence Data Analytics Healthcare Project Management Product Management Cybersecurity Digital Marketing Operations Management Others Technology Data Science others Leadership MBA healthcare MCA CXO Management PGDM Finance Degree Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Also Read | MF Tracker: UTI Mid Cap Fund turns Rs 10,000 SIP to nearly Rs 1.62 crore in 2 decades Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Phu My: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo The 360 ONE Multi Asset Allocation Fund addresses the need for portfolio diversification amid increasing geopolitical instability, currency fluctuations, and global economic challenges. By investing across asset classes with varying correlations, the fund aims to deliver a smoother investment journey and counterbalance market volatility , according to a press release by the fund house. The fund follows a dynamic asset allocation framework with investments across multiple asset classes, including 15% to 35% in equities to target long-term growth, 25% to 50% in debt instruments for relative stability, 25% to 40% in gold and silver as a hedge against global uncertainties, and a portion in REITs and InvITs to provide exposure to real estate. Live Events The fund is benchmarked against a composite index of BSE 500 TRI (25%), NIFTY Composite Debt Index (45%), and domestic gold and silver prices (30%). The fund is managed by Mayur Patel, Milan Mody, and Rahul Khetawat. The minimum investment amount during the NFO is Rs 1,000 and in multiples of Re 1 thereafter. For SIP investments, the minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter. The fund has an exit load structure of 1% if units beyond 10% are redeemed within one year from allotment, while no exit load is applicable for units redeemed after one year from allotment. Also Read | JioBlackRock Mutual Fund to launch 5 index NFOs next week. Check dates, other details "The 360 ONE Multi Asset Allocation Fund embodies our commitment to providing innovative solutions tailored to investors' evolving needs. By diversifying across asset classes, we aim to mitigate risk and create sustainable value for our clients in an ever-changing global environment. With this fund, we are not only expanding our robust portfolio of investment products but also empowering investors to navigate market complexities with confidence. This is another step in our journey to redefine the investment landscape in India," said Raghav Iyengar, CEO of 360 ONE Asset. The fund is suitable for investors seeking to create wealth and income in the long term and who want investment in multiple asset classes . ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
6 hours ago
- Business
- Business Standard
360 ONE Asset launches Multi Asset Allocation Fund: Who should invest?
360 One Multi Asset Allocation Fund: 360 One Asset has launched 360 One Multi Asset Allocation Fund, an open-ended scheme investing in a diversified portfolio of equities, debt, commodities, and assets like REITs and InvITs. The new fund offer (NFO) opened for subscription today, July 30, 2025 and will close on Wednesday, August 13, 2025. According to the scheme information document (SID), the investment objective of the scheme is to provide the investors with an opportunity to invest in an actively managed portfolio of multiple asset classes. However, there is no assurance that the investment objective of the scheme will be realised, and the scheme does not assure or guarantee any returns. Raghav Iyengar, chief executive officer at 360 ONE Asset, said that by diversifying across asset classes, we aim to mitigate risk and create sustainable value for our clients in an ever-changing global environment. "With this fund, we are not only expanding our robust portfolio of investment products but also empowering investors to navigate market complexities with confidence. This is another step in our journey to redefine the investment landscape in India," he added. The performance of the fund is benchmarked against a composite index of BSE 500 TRI (25 per cent), NIFTY Composite Debt Index (45 per cent), and domestic gold and silver prices (30 per cent). The equity portion of the fund will be managed by Mayur Patel, debt by Milan Mody, and the commodities portion by Rahul Khetawat. According to SID, no exit load will be charged if up to 10 per cent of the units are redeemed or switched out within 12 months from the date of allotment. However, no exit load will be charged on redemption of more than 10 per cent of the units. In addition, no exit load will be levied if units are redeemed or switched out after 12 months from the date of allotment. During the NFO, investors can invest a minimum of ₹1,000 and in multiples of ₹1 thereafter. For SIP investments, the minimum application amount is ₹1000 and in multiples of ₹1 thereafter. 360 ONE Multi Asset Allocation Fund: Who should invest? According to the SID, the product is suitable for investors seeking to create long-term wealth and investment in multiple asset classes. However, investors should consult their financial advisors if in doubt about whether the product is suitable for them. As per the riskometer, the principal invested in the scheme will be at high risk.
Hindustan Times
7 hours ago
- Business
- Hindustan Times
Axis Max Life launches BSE 500 Value 50 Index Fund to drive long-term capital growth
New Delhi, July 30th, 2025: Axis Max Life Insurance Ltd. ('Axis Max Life' / 'Company'), formerly known as Max Life Insurance Company Limited, announces the launch of its innovative new fund offer (NFO), the BSE 500 Value 50 Index Fund. This passively managed equity fund, available exclusively through the company's Unit Linked Insurance Plans (ULIPs) like Smart Term with Additional Returns (STAR) ULIP & Flexi Wealth Advantage Plan (FWAP) and Online Savings Plan (OSP), offers policyholders a unique opportunity to invest in India's top value companies while benefiting from inherent life cover. This NFO is available for a limited period from July 28 to August 10, 2025. Axis Max Life launches BSE 500 Value 50 Index Fund to drive long-term capital growth The BSE 500 Value 50 Index Fund is designed to select the top 50 companies from the broader BSE 500 index based on rigorous value parameters. This unique value factor-based index fund strategically identifies undervalued stocks with strong potential for long-term capital appreciation. The selection process relies on three key financial ratios that signal potential undervaluation: the Book-to-Price Ratio, where a high ratio indicates a company's strong intrinsic worth (its assets less liabilities) relative to its market value; the Earnings-to-Price Ratio, where a high ratio suggests strong profitability compared to the market price; and the Sales-to-Price Ratio, where a high ratio reflects significant sales generation relative to market value. These metrics collectively help identify fundamentally strong yet undervalued companies poised for long-term growth. By combining these three financial ratios, the fund offers a holistic overview of a company's value across assets, profitability, and revenue, avoiding overreliance on any single metric. Sachin Bajaj, Executive Vice President & Chief Investment Officer, Axis Max Life, stated, 'In an evolving market landscape, the enduring principles of value investing offer a compelling path to long-term wealth creation. By focusing on fundamentally strong yet undervalued companies, the BSE 500 Value 50 Index Fund aims to provide superior risk-adjusted returns over long-term with the protective benefits of our ULIPs. This New Fund Offer represents a unique opportunity for discerning investors to align their portfolios with companies poised for sustained growth, without overconcentration on any single stock or sector.' Customers can take advantage of this limited-time NFO period to align their portfolios with a diversified basket of 50 robust, undervalued companies across various sectors and market capitalizations, thereby mitigating single-stock or sector overconcentration. About Axis Max Life Insurance ( Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited ('MFSL') and Axis Bank Limited. Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr. *Axis Max Life has recently transitioned to a new domain as part of its rebranding exercise. This migration has no impact on existing policyholders who will continue to receive all policy benefits and services as earlier. Note to readers: This article is part of HT's paid consumer connect initiative and is independently created by the brand. HT assumes no editorial responsibility for the content, including its accuracy, completeness, or any errors or omissions. Readers are advised to verify all information independently. Want to get your story featured as above? click here!
