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ET World Leaders Forum: India needs to make the shift from 'petro state' to 'electro state'
India needs to shift from a petro state to an electro state as rising power demand from EVs, AI and data centres accelerates the push for renewable and nuclear energy, speakers at the ET World Leaders Forum said.
JioStar vice chairman Uday Shankar said sports, particularly cricket, has been a major investment for the company, helping it build a digital audience of 600 million monthly active users. However, he said soaring cricket media rights costs have made the business increasingly difficult.
Aditya Birla Group taps local lenders for Sprng Energy
Axis Bank has underwritten the entire amount and is likely to keep a large part of around Rs 5,000 crore to the financing, while State Bank of India and HDFC Bank are evaluating commitments for the remaining amount, the people said. Aditya Birla has also held discussions with six to seven other domestic lenders, but prefers to close the financing with two banks, or a maximum of three lenders, they said.
FSSAI suspends Marche Retail's licence, orders SDP to stop ghee sales
The FSSAI has suspended Marche Retail's license for thirty days due to sanitation and hygiene issues. SDP Industries must stop selling its ghee after laboratory tests detected foreign fats. Inspections revealed multiple deficiencies at Marche Retail's New Delhi facility. These violations included poor record-keeping and inadequate temperature controls for products. The regulator confirmed non-conformity in SDP Industries' ghee after an appeal.
Artificial intelligence will shift payments from digital to delegated commerce, enabling machines to transact for consumers. Trust and real-time controls will become essential building blocks for the financial system. AI will enhance personalized experiences and help identify fraudulent transactions effectively. Consumers will focus on payment outcomes rather than the underlying transaction rails. New guardrails will be necessary as machines increasingly interact autonomously.
Microdramas now take a macro share of viewers' interest
Microdrama content is attracting significant audience engagement, similar to long-form videos. This format combines short-form immediacy with long-form cliffhangers for viewers. Consumers prefer microdrama, spending considerable time watching multiple episodes daily. Microdrama platforms are creating new screen time, not replacing existing viewing habits. Relatable stories and quick episode completions drive viewer interest and repeat engagement.
India poised to become global shipbuilding hub: Defence Minister Rajnath Singh
India is set to become a global shipbuilding hub, addressing a market vacuum. The nation will focus on design, manufacturing, and MRO services for growth. This strategic move aims to leverage declining capacity in traditional shipbuilding nations. Expansion projects at GRSE and YIL will bolster indigenous capabilities significantly. India's growing naval strength and maritime security needs will be supported.
No ethanol link, decline in sugarcane production and stockpiling driving up sugar price: Experts
Sugar prices have surged to 75-80 per kg in Chhatrapati Sambhajinagar amid falling sugarcane production and heavy stockpiling by traders. Experts said the rise is driven by lower cane output, shorter crushing seasons and stockpiling, rather than diversion of sugar for ethanol production.
When does agri land sale qualify for tax exemption?
Agricultural land is generally not a capital asset unless it falls within urban limits. If taxable as LTCG, Section 54F may allow a deduction for reinvestment in a house.
8th pay commission decisions are expected to benefit more than 1 crore beneficiaries. Here's how much fitment factor between 1.83, 2, 2.57 and 3.83 can hike salaries for central government employees and pensioners.
Bioinformatics project bags first place in Anveshana, research initiative that won Modis praise
Anveshana 2026, a student research initiative, concluded with 20 projects presented by students. Prime Minister Modi highlighted this program in his Mann Ki Baat address. Top projects explored molecular docking, pesticide residues, kitchen waste conversion, and natural latex composites. Experts praised the program for fostering critical thinking and problem-solving skills. This initiative democratizes research access for school students across India.
Income Tax Department explains how to choose between ITR-3 and ITR-4: Quick checklist for taxpayers
Confused between ITR-3 and ITR-4 for AY 2026-27? The Income Tax Department has shared a quick checklist to help taxpayers identify the right form based on their income, taxation method and other conditions. Heres what you need to know before filing by 31 August.
Udan vs Udaan: Delhi court restrains pharmaceutical firm from using 'Udaan' mark
A Delhi court has permanently stopped Sainus Pharmaceutical Private Limited from using the 'Udaan' trademark. This ruling came after RSPL Health Private Limited filed a case alleging trademark infringement. RSPL Health, known for its 'Ghari' detergent brand, had registered its 'Udan' mark earlier. The court found Sainus Pharma's mark to be identical and deceptively similar to RSPL's registered trademark.
How changing jobs affects your EPF account and balance portability
The EPFO treats the UAN as a permanent identifier for your entire professional life. When starting a new position, share your current UAN instead of registering for a replacement
PFRDA is encouraging wider participation from mutual fund distributors to expand NPS coverage. The StAR NPS platform enables assisted digital onboarding through eligible distributors. Here's how the process works and what investors should know.
Esops can create wealth, but can you afford to exercise them?
Exercising ESOPs requires significant upfront capital to cover exercise prices and perquisite taxes, exposing employees to substantial valuation and illiquidity risks if an exit is delayed or delivers lower-than-expected returns.
Senco Gold eyes 25 pc revenue growth to Rs 11,000 cr in FY27
This financial year, Senco Gold and Diamonds aims to achieve more than twenty-five percent revenue growth. The company intends to launch approximately twenty new stores by 2026-27, including both franchise and company-owned locations in tier II and III areas. By enhancing their presence in eastern and northern regions, Senco is making significant strides, although their overseas expansion efforts in Dubai are facing delays due to regional instability.
SIP flows are hitting records. So why are small savers walking away?
A record monthly total can keep rising even as the smallest savers, the ones it was meant to celebrate, give up and walk away.
Air India Express flight from Ranchi to Bengaluru delayed by five hours due to oxygen cylinder
An Air India Express flight from Ranchi to Bengaluru experienced a significant delay. The aircraft had to arrange oxygen cylinders from Delhi for the return journey. This delay occurred after a passenger required oxygen during the inbound flight. The flight, number IX 1244, eventually departed for Bengaluru after the cylinders arrived. Passengers waited for approximately five hours at Birsa Munda Airport.
NRI, OCI or foreign national? Know the rules for opening a bank account in India
Resident accounts are designed for individuals residing in India. While NRIs and PIOs are barred from holding them, Overseas Citizens of India may do so under specific regulatory circumstances
Mutual funds increased their exposure to stocks across large-, mid-, and small-cap segments in July 2026. Buying was spread across sectors including banking, financial services, and consumer services, with several stocks seeing notable additions to fund portfolios.
FSSAI suspends license of Marche Retail; restrains SDP Industries from selling ghee
The FSSAI has suspended Marche Retail's license for significant food safety violations. SDP Industries is now prohibited from selling all ghee variants due to adulteration concerns. The regulator also issued over 150 notices to major food companies recently. These notices addressed misleading advertisements and labeling non-compliances by prominent brands.
Steel, bitumen, geopolitics could slow Indias construction boom: ICEMA Vice President
India's construction equipment industry anticipates single-digit growth this financial year. Rising steel and bitumen prices are significantly impacting project economics. Geopolitical uncertainty and execution challenges also moderate industry expansion. Domestic sales saw a decline while exports demonstrated strong global competitiveness. The sector faces moderated fund disbursements and delayed contractor payments.
Salaried employee with a side business? Here's how you should report your income in ITR
Salaried employees often engage in side businesses for extra income. This income must be reported when filing tax returns, with specific ITR forms applicable based on income type. Details here.
Need to scale storage capabilities amid growing RE capacity: Industry experts
India's renewable energy growth demands more storage systems now. Domestic battery manufacturing capacity remains very low compared to future needs. This gap creates a reliance on imports for essential battery components. Experts caution against delaying renewable deployment due to this dependency. India aims to bridge this storage gap over the coming decade.
Women's participation in mutual fund investments has risen, with 1.61 crore women among a total of 6.09 crore investors by March 2026. Here's why they are betting big on gold.
Content creator and self-claimed personal finance expert Aruna Keerthy shared the simple trick to save money while repaying debt at the same time. Check it out.
Prominent small finance banks such as Equitas, Shivalik, Jana, Ujjivan, ESAF and Suryoday offer senior citizens FD rates of up to 8.50% in August 2026. Compare tenure, liquidity, tax impact and deposit insurance before investing, and seek advice from a certified financial adviser if needed.
Gold loan portfolio to surpass Rs 1.5 lakh crore by FY27-end: Indian Bank MD
Indian Bank expects its gold loan book to surpass Rs 1.5 lakh crore this financial year. This growth will be driven by increased loan volumes and robust demand for gold loans. The bank also reported significant CASA deposit growth in the first quarter. It has successfully raised USD 400 million through overseas bond issuance. Further foreign currency inflows are anticipated from FCNR(B) deposits.
An SEBI Registered Investment Adviser warned bank customers about fraudulent messages. He shared tips to identify scams by verifying sender details and checking for deceptive characters in sender names.
DMRC becomes first Indian metro organisation to secure ISO 55001:2024 certification
Delhi Metro Rail Corporation has become Indias first metro organisation to receive ISO 55001:2024 certification for its asset management system, covering Mumbai Metro Line-3. The certification marks DMRCs shift towards risk-based, lifecycle-oriented asset management and strengthens its ambitions to expand its operations and maintenance expertise beyond Delhi-NCR.
Inside FMCG's leadership shake-up: The boardroom churn behind HUL, GCPL, Britannia, Dabur, Colgate
Indian FMCG companies are experiencing significant leadership changes across major firms. Several top executives have transitioned, impacting company strategies and market positions. These changes occur during a period of uneven consumer demand and rising competition. Companies are adapting to evolving consumer preferences and increasing input costs. New leaders aim to drive growth and navigate a dynamic business landscape.
Air India reduces Delhi cargo transfer time to 5-8 hours, expands pilot across India-Europe routes
Air India successfully launched a new cargo transshipment policy on a key air route. This initiative significantly reduced cargo connection times at Delhi Airport. The policy allows eligible shipments to remain securely packed throughout their transit. This streamlined process aims to attract more transit cargo to Indian airports. The airline plans to expand this efficient cargo movement across more routes.
Should you buy a home or continue renting? Real estate developer Niranjan Hiranandani shared his view on home ownership, capital creation and construction quality during an episode of Figuring Out with Raj Shamani.
Bank overcharged you or failed to reverse an unauthorised debit? Heres what you should do next
Customers facing incorrect bank fees or unauthorised transactions can file complaints through their bank's grievance process. If unresolved, they may escalate to the RBI. Here's the full process.
Sukanya Samriddhi Yojana: 5,000 monthly investment could grow to 2728 lakh - here is how
Sukanya Samriddhi Yojana calculator: See how investing 5,000 monthly could grow to around 2728 lakh at maturity, based on an assumed 8.2% interest rate. Having a clear understanding of the scheme's salient features is essential for planning future investments.
Enrica row: Tamil Nadu tightens liquor checks
SBI's total business may double to Rs 200 lakh cr by 75th foundation year in 2030: Chairman
By the year 2030, State Bank of India anticipates its total business could reach an impressive Rs 200 lakh crore, mirroring the Indian economy's projected annual growth of seven to eight percent. The bank's Vision 2030 is designed to benefit customers, employees, shareholders, and government stakeholders. With a focus on bolstering capital ratios and enhancing its cost-to-income ratio, SBI sets its course through various economic landscapes.
Metals sector outlook improves as non-ferrous earnings lead recovery: Systematix
India's metals and mining sector outlook is improving significantly. Non-ferrous companies are expected to lead earnings growth and performance. Select primary steel producers will see support from capacity expansion and volume recovery. Raw material costs and commodity prices remain key risks for the industry. Overall EBITDA margins increased, showing positive sector momentum.
Mahindra bets on 'Scorpio Lifestyler' to drive global export push
Mahindra & Mahindra plans to expand its export operations with a new pickup truck. This vehicle will target markets in South Africa, Australia, and Latin America. The Lifestyler pickup will also be introduced to the Indian market in 2027. Company officials expressed confidence in maintaining electric vehicle sales growth. Mahindra's automotive sector saw an 18.2 percent export volume increase last fiscal.
Starbucks India brews up a fresh plan; puts expansion back on the menu
Starbucks India plans aggressive store expansion after a two-year business model recalibration. The company reported four consecutive quarters of same-store sales growth. This renewed expansion will increase store density in existing cities. Tata Starbucks aims to eventually match Starbucks' scale in China. The joint venture posted revenue growth and narrowed its net loss.
Can a Rs 30,000 mutual fund SIP help you build Rs 5 crore? Check the timeline
Building a Rs 5 crore retirement or financial corpus via a monthly SIP of Rs 30,000 requires disciplined planning. Based on an expected 12% CAGR, a fixed SIP takes around 24 years, while opting for a 5% or 10% annual step-up SIP reduces the timeline significantly.
A 9-km section of the Delhi-Mumbai Expressway is now open for trial runs. This new stretch connects DND Flyway and Jaitpur, easing travel for many commuters. Motorists can now access the expressway directly from east and south Delhi areas. Full connectivity to Vadodara is anticipated by December this year. A direct link to Noida International Airport is also under construction.
Around six new mutual fund schemes will open for subscription between August 24 and August 28. The upcoming launches include three target-date life cycle funds from ICICI Prudential MF, along with passive FoF offerings from HDFC MF and ICICI Prudential MF, and an equity fund from The Wealth Company.
PPF vs NSC: 5 lakh investmentwhere will you earn more in 5 years? Check calculations
PPF vs NSC: Compare the returns on 5 lakh over five years, along with 2026 interest rates, tax treatment, maturity and investment limits. Find out which government-backed savings scheme may better suit your short-term or long-term financial goals.
A 70:30 strategy could help investors balance gold and silver exposure: Tata Mutual Fund
Tata Mutual Fund recommends a 70:30 strategic allocation between gold and silver for investors looking to balance stability with growth. The fund house remains bullish on both precious metals over the medium to long term, preferring a higher weight to gold for its defensive nature and lower volatility.
Switching jobs does not halt your EPF savings as your balance and future contributions depends on your employment type. Here's what happens if you switch jobs, start a business or move to an exempted PF trust.
Equity mutual funds swing up to 8% last week. Check top 5 gainers and losers
The 8th Pay Commissions fitment factor could impact central government salaries. Here are tentative Level 58 basic pay calculations under the 2.0, 2.1, 2.25, and 2.57 fitment factors, along with key employee demands and upcoming consultation details that employees and pensioners should know about.
Equities, debt and precious metals are moving through different cycles, making it difficult for investors to identify the next winning asset class. Here is why multi-asset allocation can help investors diversify risk and navigate uncertain market conditions.
EPFO has launched a special drive, allowing establishments to regularise their past records and enrol previously uncovered employees for social security benefits. Check last date, eligibility, full process and other details here.
Bank holidays this week: SBI, HDFC, ICICI, PNB and other banks will remain closed for upto 4 days between 24 and 30 August. Check exact dates with RBI's holiday calendar.
EPFO has reminded members of the importance of completing 10 years of eligible service to receive monthly pension benefits. Here is what members should know about PF withdrawals, scheme certificates, service continuity and retirement planning.
Equity, debt or gold? What 25 years of data reveals about the best asset allocation for investors
FundsIndias 25-year analysis compares different combinations of equity, debt and gold to see how asset allocation affects returns and portfolio volatility. The 70:15:15 mix delivered a 15% average seven-year return and crossed 10% annualised returns in 92% of rolling periods.
Indias passenger vehicle market has seen a sharp rise in the number of variants offered by automakers, making cars more customisable but also making purchase decisions more complicated.
Nubra Civil Airport terminal likely to open by December
Ladakh plans to launch civilian flights from Thoise Airport by December. Runway re-carpeting is underway for a November completion deadline. A joint inspection will assess Kargil airport's readiness for civilian flights. These operations will boost the region's connectivity and tourism potential. The Indian Air Force approved land for a new civil terminal.
Cochin Airport accuses SpiceJet of misinformation amid Kochi delays
Cochin International Airport Ltd (CIAL) accused SpiceJet of spreading misinformation by blaming bad weather for recent flight disruptions from Kochi.
FSSAI sends more than 150 notices to food, beverage firms
Indias food safety regulator FSSAI has issued over 150 notices to food and beverage companies over misleading advertisements, false claims and labelling violations.
Day 2 of Imphal-Guwahati bus service goes off without a hitch, after 3 year suspension
Public transport services between Imphal and Guwahati resumed smoothly on Saturday. Over two hundred passengers departed Imphal in a fleet of buses and vehicles. This resumption follows a three-year suspension due to ethnic unrest in Manipur. Interstate passenger bus services had been suspended since May 3, 2023. The restoration of this crucial inter-state link is widely appreciated by the public.
India's MICE sector to grow by 12-14 pc annually for next 3-5 years: NIMA
The MICE sector in India is set to experience an annual growth of 12-14 percent over the next five years. Meanwhile, destination weddings are skyrocketing with year-on-year growth rates of 15-20 percent. Tier II and III cities are increasingly recognized as promising locations for MICE and wedding events.
Investment advice may seem simple, but executing it is often emotionally challenging. Investors struggle to adhere to systematic investment plans during market downturns, experiencing fear and anxiety despite knowing what to do.
The Supreme Court has rejected a retired NIRD professors plea to switch from the CPF to GPF scheme after retirement. The court said he had accepted the terms of regularisation and received CPF benefits without challenging the conditions at the time.
40% of India office occupiers concerned over availability of quality space through 2028: CBRE
A significant 40% of Indian office tenants express concerns about securing quality office space by 2028. As companies prioritize improved employee experiences alongside growth, established business districts continue to be their top choice for future office needs. Leasing trends indicate a strong demand for investment-grade assets in major micro-markets, prompting occupiers to plan their office relocations and expansions well ahead of time due to limited availability.
$400bn to $20tn: Indias rich fuel investments
Govt tightens rules on combinations containing 2 chemical compounds for young children
The government has restricted fixed-dose combinations containing Chlorpheniramine Maleate and Phenylephrine Hydrochloride. These medicines are now prohibited for use in children below four years of age. Manufacturers must clearly display a warning on all associated product packaging. This action follows recommendations from an expert committee and the Drugs Technical Advisory Board. The notification is effective from its publication date in the official gazette.
FAST-DS 2026 gives eligible taxpayers a one-time opportunity to disclose certain foreign assets and dormant overseas bank accounts by 31 December 2026. Heres who can use the scheme, the 1 crore and 5 crore limits, and how the disclosure works.
The next export story: A $50 billion prize India can't afford to miss
Indias telecom equipment exports remain small at about $0.6-1 billion a year, while imports are four to five times higher. A new NITI Aayog assessment says India could turn this imbalance into an opportunity and become a $50 billion telecom equipment export hub by 2035.
Your money doesn't need another AI review Financial planner says stop outsourcing your patience
AI allows investors to compare investment options, estimate their retirement corpus or review their portfolio in mere seconds by transforming hours of complex financial research into a simple conversation.
Commercial vehicle loans will grow significantly over five years. Used car loans are the fastest-growing segment, formalizing credit access. Two-wheeler financing maintains the largest borrower volume, introducing many new customers. Auto loan disbursements are shifting towards higher values, increasing average ticket sizes. Delinquency indicators are improving across most vehicle loan categories.
Income tax notice: 8 common notices, why you get them and how to respond
The 8th Pay Commissions current terms of reference do not explicitly provide for pension revision for employees who retired before 1 January 2026. Past Pay Commissions show that the government can amend their ToR, but pensioners demands for a change to the 8th CPC mandate are yet to be accepted.
CIAL accuses SpiceJet of misinformation over Kochi flight disruptions
Cochin International Airport Limited stated no adverse weather affected Kochi flights. SpiceJet spread misinformation by blaming weather for service disruptions. The airport operator noted ongoing operational issues with SpiceJet flights. These problems have caused considerable passenger inconvenience and uncertainty. CIAL advised passengers to recheck their flight status with the airline.
Retirement planning requires early planning and taking various factors into consideration. For a 5 crore corpus by 60, monthly mutual fund SIP amounts can vary based on your age. Check calculations here.
Indias retirement-income replacement rate is around 3540%, below the global level of about 60%, PFRDA chief S. Ramann said. As PFRDA targets 30 crore NPS and APY subscribers, the regulator is urging Indians to build larger retirement savings through regular investments.
India raises $72.8 billion via overseas deposits, loans, central bank says
Indian banks have raised over seventy-two billion dollars through overseas borrowings. These funds were secured from non-resident Indians and other loan sources. Banks have been permitted to use these foreign funds for lending to non-resident Indians. The Reserve Bank of India reported sixty-five billion dollars via FCNR deposits. A discounted forex swap facility for banks will close on August thirty-first.
India may add 45-50 GW renewable capacity annually over next 2 years: Report
India's ambitious renewable energy plans aim for an addition of forty-five to fifty gigawatts each year, supported by a significant number of projects pending power purchase agreements. The surge in electricity demand has greatly enhanced thermal plant usage rates, with renewables currently making up around twenty percent of the generation mix. It is expected that execution challenges in transmission will ease as the fiscal year unfolds.
Why is professional tax deducted from your salary; can you claim it as a deduction while filing ITR?
In India, professional tax is deducted from salaries or paid directly by self-employed individuals. The structure varies by state, but not every state imposes this tax. Details here.
A 2.0 fitment factor under the 8th Pay Commission could double basic pay, but it may not double the gross salary of central government employees. Heres why DA, HRA and other allowances could make the actual salary increase much lower.
India clears 7,000 crore LPG pipeline expansion across 6 states
India's oil regulator has approved nearly 1,800 km of new LPG pipelines. This expansion will significantly boost the country's fuel supply network. The projects aim to reduce dependence on road transport for fuel distribution. New infrastructure will enhance efficiency and reliability of inland LPG movement. This strategic development supports India's reliance on imported liquefied petroleum gas.
JioBlackRock Mutual Fund announces feature changes across 6 funds, including flexi cap, large cap
JioBlackRock Mutual Fund will revise six schemes from August 26 to align with SEBI norms. Changes include broader gold and silver ETF exposure, revised asset allocations, updated maturity definitions, and renaming of two debt funds to reflect their duration strategies.
EPF does not always stop earning interest when you leave a job or retire. EPFO rules explain when interest continues, when an account becomes inoperative and what happens to the balance.
Government removes 12-minute cap on TV advertisements
The Government has removed the 12-minute-per-hour advertisement duration cap for television channels, with the Ministry of Information and Broadcasting notifying the Cable Television Networks (Amendment) Rules, 2026 in the Gazette on August 21.
A defence employees' federation has proposed 72,000 as the minimum monthly pay for central government employees under the 8th CPC, up from 18,000. Its three-step formula factors in national income growth, a larger family unit and fiscal prudence.
Mid-size SUVs gain share in India as car buyers move to bigger vehicles
The rise of mid-size SUVs is revolutionizing the passenger vehicle landscape in India, with buyers now placing a higher value on ample space, comfort, and cutting-edge features compared to compact cars. This evolving preference signifies a shift towards premium offerings within the Indian automotive market. Automakers are adapting their strategies by introducing more vehicles in this favored category, significantly affecting the sales of conventional hatchbacks and sedans.
Apple may expand manufacturing in India beyond iPhones
In an effort to bolster its device manufacturing sector, India has launched a new scheme aimed at enticing industry leaders like Apple and Google. The government has put forth a Rs 62,500-crore plan designed to elevate domestic value addition and empower Indian smartphone brands. With notable growth in mobile phone exports, this initiative endeavors to encourage both local sourcing and increased production from global firms.
PPF account for minors: What parents can and cannot do with their childs savings
In a recent legal dispute, a daughter sued her father for withdrawing funds before she could claim it upon maturity. The Delhi High Court ruled in her favor. Here's what parents can and cannot do with their childs savings.
EPFO urges establishments to enrol eligible workers under EEC 2026
Establishments can now enrol previously uncovered employees under EPF. This Employees' Enrolment Campaign 2026 offers a one-time opportunity for compliance. Eligible workers will gain access to provident fund and pension benefits. Employers must complete enrolment and remittance through the online portal. The campaign aims to bring more workers into the social security framework.
HDFC and Axis Mutual Fund resume subscriptions in gold ETFs and gold ETF FoFs
HDFC and Axis Mutual Fund have resumed unrestricted subscriptions in gold ETFs and funds, following similar moves by Tata and Aditya Birla Sun Life. Restrictions imposed amid strong inflows and physical gold supply constraints are being lifted as market conditions normalize, allowing investors greater access to gold-linked mutual fund schemes.
Gold gets its glitter back as Indian buyers return ahead of wedding and festive season
Indias gold demand is recovering after Junes price correction, with jewellery purchases, imports and retailer stocking picking up ahead of the festive season. Gold ETFs also continue to attract investors, while old-gold exchanges are helping consumers manage elevated prices.
HSBC opens 3 international mutual funds to fresh SIPs, what investors need to know before investing
HSBC has reopened three international mutual funds to fresh SIPs and lump-sum investments, with a 2 lakh monthly limit. The funds offer exposure to emerging markets, Asia-Pacific and Brazil, with one-year returns ranging from 28.9% to 53.6%.
