35 C 
The Iran war has caused significant market volatility, prompting experts to advise investors to focus on long-term planning rather than panic trading.
ChatGPT warns that a 1 lakh salary is not enough to comfortably sustain a debt-heavy lifestyle with 36% credit card interest. The chatbot recommends cutting variable expenses sharply, stopping credit card usage entirely and restructuring repayments to become debt-free within 25 years.
On May 10, gold prices in India remained stable with 24-karat gold at 153,140 per 10 gm and 22-karat at 140,378. Silver was priced at 262,350 per kg. Trading rates are unavailable as MCX is closed on weekends.
Jeffrey Gundlach advises investors to hold cash, gold, and real assets in 2026, warning against risky investments if the Fed raises rates. He recommends 20% in cash and commodities, and suggests buying gold if it dips below $3,500 an ounce, amid concerns over future debt restructuring.
The Clarity Act, aimed at regulating cryptocurrency, will be reviewed by senators next week. If approved, it will clarify asset classifications, address stablecoin policies, and potentially enhance digital asset adoption while resolving conflicts between crypto firms and banks.
70 LPA but zero savings, salary breakup from Bengaluru goes viral: Middle class or fool?
How much is enough to live comfortably in Bengaluru? Ankur Warikoo's post has left netizens divided. Here's why he thinks 70 lakh per annum still makes someone a middle class.
The most important Mothers Day gift isnt jewelry. Its financial independence
Across every stage of motherhood new, working, single, entrepreneurial, senior the financial system treats women as signatories, not decision-makers. The cost of that exclusion is real, compounding, and entirely preventable.
90,000 adulting bill: Gurugram man leaves internet stunned by his monthly spending breakdown
A 25-year-old product manager from Gurgaon has gone viral after sharing a detailed breakdown of his monthly expenses in an Instagram reel. From 18,000 rent for a 2BHK apartment to 30,000 spent on a trip, his candid take on adulting in a metro city has sparked debate online.
Working women planning to extend maternity leave should rethink finances, focusing on budgeting for increased costs and decreased income.
Stablecoins are becoming crucial in linking traditional finance with digital assets, with projections estimating the market could reach $500 billion to $2 trillion by 2028.
Why confident predictions about markets usually get the most important things wrong
Investors often build neat chains of logic from one fact to a firm conclusion. But markets are self-correcting systems, not dominoesand straight-line thinking can be costly.
How Mirae's Swarup Mohanty used AI to recalibrate his retirement plan
Swarup Mohanty, CEO of Mirae Asset, transformed his retirement strategy after AI revealed potential pitfalls in his original plan. With insights into market dynamics and a focus on longevity risk, he crafted a comprehensive portfolio that balances risk and growth.
Bank holiday next week: SBI, HDFC, others closed on this day between 11 and 17 May; check here
Banks in India will close for one day next week, with nine holidays listed by RBI. Key closures include May 17 and regional holidays. Online services remain available for banking transactions, and customers should check with local branches for specific holiday schedules.
What is NPS Sanchay? Check eligibility, withdrawal rules and investment details
India's pension regulator has launched NPS Sanchay for the informal sector. It aims to ease retirement savings for individuals with limited financial guidance. Full details here.
How to divide monthly salary between rent, EMI, SIP, insurance and savings?
Effective management of monthly salary is crucial for financial stability. The 50/30/20 rule allocates income into essential expenses (50%), lifestyle spending (30%), and savings (20%), promoting disciplined budgeting, investment, and insurance coverage for long-term wealth building.
ITR filing 2026: Why waiting until June 15 could help taxpayers avoid notices
The ITR filing deadline for FY 2025-26 is July 31, 2026. Tax experts advise against filing before June 15 to ensure all documents are updated, as early submissions may lead to discrepancies and incorrect reporting in certain cases. Details here.
FD laddering strategy: How to split 10 lakh for better returns and liquidity
FD laddering involves spreading investments across multiple fixed deposits with varying maturities, enhancing liquidity and flexibility. Here's how it works and how the strategy benefits investors when repo rate is changed by RBI.
ChatGPT suggests a 3.25% withdrawal rate for early retirement in India, requiring an investment of 10-17 crore, depending on the city. It recommends maximising earnings before transitioning to lower-cost cities.
Senior citizen FD vs SCSS: Which gives better monthly income after retirement?
Senior citizens can choose between FDs and SCSS for income post-retirement. SCSS often yields higher returns, whereas FDs offer flexibility in contributions and payout structures. Full comparison here.
Planning FD? Here's how much you should invest to earn 10,000 monthly interest see calculation
Fixed deposits are popular for stable income, particularly among retirees. Banks provide various payout options, and non-cumulative FDs offer periodic interest payments. Here's how much investment is needed to earn 10,000 monthly income.
SCSS account rules: Who can invest, how much interest you get and what tax applies
The Senior Citizens Savings Scheme (SCSS) offers Indian retirees a secure investment with guaranteed returns. Eligible individuals can invest a minimum of 1,000, with a maximum limit of 30 lakh. The scheme provides attractive quarterly interest payouts and tax benefits under Section 80C.
Leema Rose, wife of lottery baron Santiago Martin, has declared a staggering net worth of 5,863 crore in her nomination affidavit filed with the Election Commission of India. Leema is first-time AIADMK MLA from Lalgudi seat.
A systematic withdrawal plan generates monthly or quarterly income for investors while keeping the remainder of their mutual fund corpus invested. Here's all you need to know about SWP
NFOs : 7 mutual funds and 3 SIFs are open for subscription. Check details
Seven new mutual fund schemes and three Specialised Investment Funds (SIFs) are currently open for subscription, offering investors fresh opportunities across equity, debt, hybrid, and thematic categories.
How expensive is Gurgaon really? Woman breaks down the real cost of living as a couple in the city
A Gurgaon-based woman has gone viral after sharing a detailed breakdown of her and her husbands monthly household expenses, revealing that the couple spends around 75,000 to 80,000 every month.
7 hidden credit behaviours that may be hurting your credit score
Protect your credit score from silent damage caused by hidden credit behaviours that reduce creditworthiness, from high utilisation to missed payments and credit report errors.
New to mutual funds? Experts suggest using 50-30-20 rule to build a smart investment strategy
New investors often find mutual funds daunting. Experts advise focusing on personal goals, risk tolerance, and investment timelines over market noise. For beginners, starting with stable categories like large-cap or index funds is recommended. Hybrid and dynamic funds can also ease the journey. Emotional reactions to market dips should be avoided; consistency is key.
Star-rated flexi cap funds have generated 15%+ returns in 3 years, with schemes from Parag Parikh, HDFC, and Quant emerging as top performers amid strong equity market momentum.
TDS on FD interest decoded: Who pays, how much banks deduct, and exemption rules
Fixed deposit interest provides passive income for many Indians but is subject to TDS under the Income Tax Act. TDS is deducted at 10% if interest exceeds 50,000, with senior citizens enjoying a higher exemption. Forms 15G and 15H can help avoid TDS.
How multiple credit card applications influence your credit report and loan approval chances
Multiple credit card applications can lower your credit score due to repeated hard inquiries, which increase lenders' risk perception, while spaced applications and responsible credit usage help maintain a healthy credit profile.
Estate planning: Financial mistakes families make after a loved ones death and how to avoid them
The death of a family member disrupts finances, making it crucial to focus on financial matters. Key steps include obtaining a death certificate, listing assets and liabilities, managing insurance claims, and re-planning finances to ensure stability during this difficult time.
BlackRock Inc. plans to launch two money-market funds for stablecoin investors, including a digital version of its $6.1 billion liquidity fund and a new tokenized fund for crypto wallet users.
Buying a car is a significant milestone for many Indians. Tax benefits for home and car loans differ, with deductions for the latter only available under certain circumstances. Here's a look at how it works
Account holders and registered bank customers are eager to know whether 9 May is a bank holiday. Check if SBI, HDFC, PNB and other banks are open or closed on Saturday with RBI's holiday calendar.
Tax-saving FDs explained: Lock-in period, tax benefits and banks offering highest interest rates
Fixed deposits remain popular among Indians for their safety and reliable returns. With tax-saving FDs offering deductions up to 1.5 lakh and interest rates as high as 7.90%, they are ideal for risk-averse investors seeking stable wealth accumulation.
I asked ChatGPT how to fund a Europe tripSIPs or credit cards? its answer was practical
To fund a Europe trip, SIPs are safer and predictable, requiring monthly savings of 24,000- 25,000. Credit cards can be cost-efficient if repayments align with bonuses, but delays can lead to high costs. A hybrid strategy is recommended for cost efficiency.
RBI moots safeguards to curb digital payment fraud: How will they protect bank customers?
To curb digital payment fraud, the RBI has suggested measures such as lagged credit, a trusted person authenticating transactions for vulnerable individuals, prescribing a ceiling for annual aggregate credits in a bank account, and providing customer-induced controls, including a kill switch.
FD premature withdrawal rules: How much penalty do banks charge? All you need to know
Whether driven by urgent medical costs, emergency home repairs, or other sudden financial requirements, liquidating a fixed deposit prematurely carries significant implications.
The demand for travel insurance is rising, with 22% growth in policy issuance in 2026. Here's how these policies work and everything a flyer needs to know before their next trip.
For the April-June 2026 quarter, Sukanya Samriddhi Yojana continues to lead with an 8.2% yield, while the PPF rate remains at 7.1%.
Investors reassess asset allocation strategies amid market volatility, focusing on equity, debt, gold, and cash based on their risk appetite and goals. Here's a complete guide to allocate 10 lakh in the current market scenario for different investor profiles.
The Department of Posts now requires depositors to quote their PAN for all specified financial activities
Income tax calendar for May 2026: Check key dates, deadlines for TDS and TCS
From the mandatory deposit of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for April 2026 to the issuance of vital certificates and filing of key financial statements, numerous due dates are set throughout the month.
Sebi plans CKYC 2.0 rollout in July: Experts decode impact on investors and borrowers
Unified KYC is being designed on the lines of the Centre's One Nation One KYC plan. Union Finance Minister Nirmala Sitharaman also recently spoke about this while speaking at Sebi's foundation day event last month.
After the account holder's death, PPF account closes, and the nominee or legal heir can claim the balance. The account continues to earn interest until the claim is settled, but no new contributions can be made posthumously.
The meetings will prioritise pensioners, associations, and stakeholders representing personnel from railways and defence.
How long will it take to double your investments? Heres how the Rule of 72 works
The Rule of 72 helps investors estimate investment doubling time by dividing 72 with annual return rate. It simplifies compound interest calculations, though results remain approximate for extreme interest rates.
Searching for mid-cap mutual funds? Here are 5 funds for investing in May
ETMutualFunds has shortlisted top midcap mutual funds based on rolling returns, consistency, downside risk, outperformance and asset size. Funds from Axis, PGIM India, Invesco, Kotak and Tata featured in the list. Experts suggest midcap funds are suitable only for investors with high risk tolerance and long investment horizons.
Quant Small Cap Fund exits HDFC Bank, Jio Financial Services and 5 other stocks in April
Quant Small Cap Fund reshuffled its portfolio in April, exiting seven stocks including HDFC Bank and Jio Financial Services while adding new names and trimming exposure in select counters. The fund maintained a defensive stance with higher large-cap allocation, aiming to manage volatility and improve liquidity amid broader market uncertainty.
On April 18, the Centre raised the dearness allowance for employees by 2%, increasing it to 60%. The next DA hike is expected in July 2026, with a potential increase of 2-3% depending on inflation trends, benefiting approximately 50.46 lakh employees and 68.27 lakh pensioners.
Wealthy families are turning to AI-driven investment and strategy advisory firms - Here's why
AI is transforming investment strategies, exemplified by Tony Cowell's new firm, Cynren, which focuses on serving wealthy families. With an AI-driven approach, Cynren aims to provide unique advisory services, emphasising impact investing and direct access to senior leaders
Invesco Mutual Fund resumes subscription in 3 international funds
Invesco Mutual Fund has resumed subscriptions for three international funds, including Global Equity Income, Pan European Equity, and Global Consumer Trends, effective May 8. Subscriptions will be permitted up to available headroom without breaching overseas investment limits as of February 1, 2022. The fund house reserves the right to temporarily suspend subscriptions if limits are approached.
I asked ChatGPT to plan an international family holiday in June these destinations made the list
A budget-friendly 10-day international family trip from Mumbai can include destinations such as Thailand, Vietnam, Bali, Malaysia, and Sri Lanka, all within a budget of 23 lakh.
Motilal Oswal Mutual Fund has launched its Contra Fund, open for subscription until May 22. The fund aims for long-term capital appreciation by investing in fundamentally sound but undervalued stocks. Experts suggest this strategy suits patient investors with a 3-5 year horizon, especially during market volatility.
Best large & mid cap funds to invest in May 2026
Large and mid-cap mutual funds offer a mix of large and mid-cap stocks. These funds suit aggressive investors with a long-term view. Fund managers adjust allocations based on market outlook. Investors can choose funds tilted towards large caps for safety or mid caps for growth. Performance updates for recommended schemes are provided.
Quant MFs Sandeep Tandon says this is Indias biggest buying opportunity since covid
Quant Mutual Fund founder and CIO Sandeep Tandon says fear around crude, the rupee and FII exits has created opportunity in undervalued pockets of the market, even as investors crowd into consensus trades.
An emergency fund should be easily accessible and low-risk. You will have to allocate your funds such that they can be liquidated for immediate needs while giving optimal returns without compromising safety.
The revised NPS was launched on the lines of the Centre's unified pension scheme (UPS), a default pension scheme rolled out for the new recruits joining central government jobs starting 1 April 2025.
Unable to find work in her field, she accepted the first opportunity that came her way managing Airbnb apartments, which involved cleaning rooms, handling laundry, and responding to guest queries.
The cost-of-living index comparison between India and the United States highlights key differences in housing, healthcare, salaries, and purchasing power. It will help individuals and families make informed decisions on relocation and financial planning.
The Arunachal Pradesh state government on Wednesday announced a 2% hike in dearness allowance component in salaries of serving employees, raising the rate to 60 per cent of basic pay and pension.
I asked ChatGPT to calculate corpus for retirement to vacation location at 55, factoring in inflation, healthcare, and a sustainable withdrawal rate. Here is what artificial intelligence chatbot said
Secure your future early with EPFO, as EPF, EPS, and EDLI contributions can steadily help in building retirement savings, lifelong pension benefits, and family financial security for salaried employees across the country.
The newly approved Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 could potentially benefit around 1.1 crore MSME accounts, helping businesses tide over disruptions arising from the ongoing West Asia conflict, according to a report by State Bank of India (SBI).
A fixed deposit of 25 lakh can offer a stable monthly income as many banks give up to 7.75% interest. However, before deciding on any investment product, one should consult a certified financial planner.
The PIB Fact Check unit clarified that a video of Finance Minister Nirmala Sitharaman endorsing an investment platform is fake and was created using AI. It also warned against online investment scams.
Explained: Why mutual fund expense ratios are suddenly looking higher
Why your health insurance won't cover the true cost of ageing
While platforms such as Bima Sugam make buying insurance easier, better access doesn't solve the deeper problem: policies are designed for medical crises, not the recurring, ongoing costs of ageing.
NFO Update: Motilal Oswal Mutual Fund launches Motilal Oswal Contra Fund
Motilal Oswal Mutual Fund has launched the Motilal Oswal Contra Fund, an open-ended equity scheme based on a contrarian investment strategy. The NFO opens on May 8 and closes on May 22. The fund aims for long-term capital appreciation by investing in undervalued companies with turnaround potential across market cycles.
A woman from the US, who has been living in Bengaluru, spoke about rental problems in the city. From the hefty security deposit to the annual rent hike, she explained why the same practices would be illegal in her home country.
FDs, Real Estate or Gold: Where does Tamil Nadu CM contender Vijay invest most?
According to the 15-page election affidavit filed by Vijay ahead of Assembly polls, and archived by the Association of Democratic Reforms (ADR), this is what his investments look like:
Forgot your EPFO PPO number? Here are 5 easy steps to retrieve it
Easily recover EPFO PPO number online through simple steps using the EPFO portal to ensure smooth pension payments, uninterrupted benefits and quick access to pension records.
Can Rs 85,000 monthly SIP create Rs 2 crore corpus in 7 years? Heres what calculations show
An investor investing Rs 85,000 monthly may not reach Rs 2 crore in seven years. Experts suggest increasing monthly SIPs by Rs 68,000 to Rs 1.53 lakh. The portfolio strategy needs adjustment as the goal nears. Reducing exposure to volatile small and midcap funds is advised. Shifting to largecap or index funds will stabilize returns and protect the corpus.
ICRA Analytics said investors should blend active and passive mutual fund strategies to navigate volatile markets driven by geopolitical tensions and global uncertainty. The report highlighted that balanced portfolio allocation based on risk appetite, goals and investment horizon can help investors stay resilient through market cycles while pursuing long-term wealth creation.
Motilal Oswal Asset Management Company gets approval to sponsor pension funds under NPS
Motilal Oswal Asset Management Company has received PFRDA approval to operate as a Pension Fund Sponsor under the National Pension System. The company will establish a separate pension fund entity to manage NPS assets and retirement investments, aiming to strengthen its presence in Indias long-term retirement planning and pension management ecosystem.
New Income Tax Rules 2026 explained: 6 key form changes and what they mean for taxpayers
Major tax overhaul streamlines compliance as Income Tax Rules 2026 transform key forms, merging TDS, PAN and AIS systems to simplify filing and improve accuracy nationwide
Looking for largecap mutual funds amid market volatility? Check these top 5 funds to invest in May
Top largecap mutual funds were shortlisted using rolling returns, consistency, downside risk, outperformance, and asset size, with select schemes delivering around 1516% returns over the last five years.
Retirement 2.0: How seniors are turning passion into paychecks
Retirees are turning skills, hobbies and decades of experience into new income streamsfrom homestays and startups to care homes and social ventures.
A social media user who works at Google shared his monthly expenses, including rent, utility bills, travel costs, groceries and more. Reacting to it, some called it even more expensive than the cost of living in London.
Filing income-tax returns online has become easier, but first-time taxpayers may find it confusing. Income Tax notices can be issued for various reasons, here's what to do if you get one
Dearness Allowance: DA for Pensioners Who is eligible, how does it work? Here's all you need to know
Retired central govt employees are eligible for individual or family pensions which are adjusted every time the CPC rolls out a DA hike or cut, depending on inflation computation. Here's all you need to know
The 8th Pay Commission will conduct stakeholder meetings in Delhi on 13-14 May to discuss pay and pension reforms. Interested parties can apply through the official portal to take part.
National pension scheme: The NPS Vatsalya Scheme allows children below 18 years to partially withdraw funds from their accounts under certain circumstances. We take a look at the process and how it works
Fixed deposit investment strategies can help retirees and senior citizens generate a safe, predictable monthly income of 50,000 through fixed deposits, small savings schemes, and a balanced portfolio allocation strategy.
I asked ChatGPT to calculate the required financial independence, retire early aka F.I.R.E. number to create retirement corpus with 15 lakh per annum salary at 35. Here is what the artificial intelligence chatbot said
I asked ChatGPT to create a budget that ensures retirement by 55, with enough savings to support myself and my parents, buy a home and build a good retirement corpus. Here is what artificial intelligence chatbot said
7th Pay Commission for West Bengal govt staff: Will BJP keep its poll promise? Here is what we know
West Bengal government employees are closely tracking developments on the 7th Pay Commission. As the new BJP government is set to take charge, heres a look at how its potential implementation could impact salaries, allowances, pensions, and overall benefits.
NFO Update: Groww Mutual Fund launches Groww Nifty Private Bank ETF
Groww Mutual Fund has launched the Groww Nifty Private Bank ETF, a passive scheme tracking the Nifty Private Bank Index TRI. The NFO is open until May 20. The fund offers exposure to private banking stocks with a low-cost, rules-based approach, aiming to minimise tracking error and deliver benchmark-aligned returns.
Car loan interest rates May 2026: SBI, ICICI, HDFC and top banks offer from 7.60% Full comparison
Car loan interest rate comparison for May 2026 covers leading public and private banks. Check competitive rates, EMI planning, repayment strategies and key factors influencing total borrowing costs and financial decisions.
11 equity mutual funds with over Rs 1,000 NAV offer upto 24% CAGR since their inception
Around 11 equity mutual funds with NAVs above Rs 1,000 have delivered strong long-term returns, with CAGRs reaching up to 24%. Most of these funds have been in the market for over two decades, highlighting the role of time and compounding in wealth creation across categories like mid cap and flexi cap.
