37 C 
If the Central Government Employees' Association's demands are accepted, the minimum basic salary under the 8th Pay Commission could rise to nearly 69,000, significantly influenced by the fitment factor, which converts pre-revised salaries to new structures.
Cryptocurrency F&O: How are gains taxed in India? Know rules and ways to report in ITR
Cryptocurrency futures and options involve trading derivative contracts based on digital assets, enabling price speculation without ownership. Here's how the gains are taxed.
Indian rupee in free fall: What the govt is doing to lure foreign capital and lift currency
India's rupee is under pressure, hitting record lows against the US dollar due to economic uncertainty and high import bills. The government and the RBI have implemented several measures to stabilise the currency and attract foreign inflows.
The RBI has fixed the premature redemption price at 15,512 per unit for SGB 2021-22 Series III due on 8 June 2026.
Do you have to pay tax on your NRE deposit interest? Key rules NRIs should know
NRE accounts allow NRIs to deposit foreign income in Indian rupees, facilitating free repatriation. Interest on NRE fixed deposits is exempt from Indian income tax, enhancing their appeal.
Private sector banks are the best contrarian bet for the next 3 years, says S Naren
ICICI Prudential AMC CIO S Naren warned that rising leverage through derivatives and margin trading poses a bigger risk than any slowdown in mutual fund inflows. He sees private sector banks as attractive contrarian bets and remains optimistic on India's debt market amid improving fundamentals.
CAGR vs XIRR: Which is better for analysing mutual fund returns?
The Compound Annual Growth Rate (CAGR) is the average annual rate of return of a lump-sum investment over a specific period. The Extended Internal Rate of Return (XIRR) is a return calculation method used for investments with multiple cash flows occurring on different dates.
A guide to government securities for retail investors: Meaning, ways to invest, benefits and risks
Government securities (G-Secs) are debt instruments issued by the RBI on behalf of the central and state governments to raise funds from investors. These securities can be purchased in the primary market during government auctions or in the secondary market.
HDFC, ICICI Prudential and Nippon are restricting gold ETF inflows. Here's why
Gold ETF inflows are at record highs, but fund houses are becoming more selective about fresh subscriptions. Here's why the rupee, gold imports and bullion supply are driving the decision.
ITR filing AY 2026-27: How to claim TDS refund while filing your income tax return
Tax Deducted at Source (TDS) is a way through which tax is collected in advance by deducting a certain amount from specified payments. A TDS refund becomes applicable when the amount of tax deducted from your income during a financial year is more than the tax you are actually required to pay.
Mango bonds and tree renting: a side of Alphonso in your portfolio
Consumers are renting mango trees and buying so-called mango bonds to secure premium fruit directly from farms. But are these genuine investments or simply a smarter way to buy mangoes?
How to change or update your EPF nominee online: Step-by-step process here
EPF members can update their nomination online at any time. This allows them to change beneficiaries. Here's the full process and what to do to make your nomination valid.
Are you looking for a multi-cap fund that charges low fees and delivers benchmark-beating returns? Here are the top 5 multi-cap funds that combine low expense ratios with strong return performance.
5 multicap mutual funds with maximum mid and smallcap exposure. Check details
Multicap funds are required to allocate at least 25% each to large, mid and smallcap stocks, but some schemes have significantly higher exposure to the riskier mid and smallcap segments. Nippon India Nifty 500 Equal Weight Index Fund topped the list in April 2026, followed by Samco, Groww, DSP and Bajaj Finserv Multi Cap Fund.
Direct vs regular mutual funds: Meaning, key differences and which one to choose
Direct mutual funds allow you to buy units directly without involving or routing the investment through any distributor, broker, or agent. On the other hand, regular mutual funds are purchased through intermediaries such as brokers, agents, or financial advisors.
Zerodha Mutual Fund files draft document with Sebi for two life cycle funds
These are open-ended funds with attributes of pre-defined maturity and glide path for goal-based investing.
Four mutual funds restrict large inflows into gold ETFs and FoFs; Rs 25 crore cap imposed
South Korea and Taiwan are facing market pressure despite strong gains in semiconductor giants driving the AI boom. Heavy concentration in a few chipmakers has increased vulnerability to profit-taking and volatility, exposing the risks of narrow market leadership as investors reassess valuations amid geopolitical and economic uncertainties.
Im a biker and have 50 lakh: I asked ChatGPT if I should stop going to office and travel around
After inheriting 50 lakh, the individual seeks financial and lifestyle advice on how to lead a meaningful life without traditional work. ChatGPT looks at the situation from a different lens.
33 of 38 Flexi-cap funds beat the Nifty 500, but most investors still lost money
Only 15 flexi cap funds delivered positive returns over the past year. Those funds account for just 16% of the category's AUM.
India's biggest health crisis isn't physicalit's financial What new study reveals
A recent report shows urban Indians score 65/100 on wellbeing, with financial health as the weakest link. Stress affects 82% of respondents, and mental health is gaining importance, particularly among younger populations.
The credit card debt trap: How a 1 lakh bill can spiral out of control
High credit limits and minimum due payments can create a dangerous debt spiral. Experts explain how the trap beginsand what borrowers can do to get out.
I asked ChatGPT if I should start a side hustle to earn extra income every month. AI asks me to do a 90-day experiment before making a final decision.
On 8 June, gold prices fell by 0.94% to 1,54,290 per 10 grams, influenced by rising Middle East tensions and higher crude oil prices. Silver also declined by 1.6% to 2,45,120 per kg.
I asked ChatGPT to assign every rupee of my salary a job: AI suggests zero-based budgeting
I asked ChatGPT to utilise my monthly income effectively and assign every rupee a job. AI suggests zero-based budgeting to me.
The BSE Sensex has fallen over 10,000 points from its peak. Market experts suggest this presents a buying opportunity for long-term investors. Continuing Systematic Investment Plans (SIPs) is recommended to benefit from rupee cost averaging. Investors with idle cash can deploy it through staggered investments over several weeks. Diversified equity mutual funds are advised over single sector bets.
Shocking digital arrest scam exposes how fake ED officers in Nagpur cheated an 85-year-old retiree of 87 lakh through fear tactics, forged documents and constant surveillance.
Best large & mid cap funds to invest in June 2026
Large & mid cap mutual funds blend stability from large caps with the growth potential of mid caps, offering a riskier but potentially rewarding investment. These schemes are ideal for aggressive investors with a long-term horizon willing to embrace extra risk, with fund managers adjusting allocations based on market outlook.
Bitcoin steadied in early Asia trading on Monday after recovering some lost ground since dropping below $60,000 late last week a level not seen since Donald Trump won reelection in 2024.
The Nifty 100 is down 8.7%, how did active large-cap funds perform?
Seventeen of 33 large-cap schemes have fallen more than the benchmark, while several of the category's largest funds are among the laggards.
Retail investors can play on as AMCs cap gold bets
Three major asset management companies have imposed purchase restrictions on large investors in gold mutual fund schemes. This move aims to curb gold imports and manage strong inflows, with retail investors expected to remain unaffected. Wealth managers see this as a response to the Prime Minister's call to reduce imports, following gold's significant recent performance.
8th Pay Commission: Proposed fitment factor 3.833 vs 4 impact on salary hike explained
8th Pay Commission: A major salary boost is expected for central government employees as unions push for a higher fitment factor. The fitment factor comparison between 3.833 and 4 explains the rationale for stronger pay demands, improved pensions and an inflation-linked basic pay revision.
EPFO eases 100% PF withdrawal rules for special cases: Here's what changed
The EPFO has introduced reforms allowing 100% withdrawals for members under special circumstances without needing to provide reasons. This aims to enhance convenience and improve the experience for EPF subscribers, although normal situations still permit only 75% withdrawals.
From the seamless beach vibes of Thailand and Malaysia to the budget-friendly cultural boom in Vietnam, Gemini suggested 7 easy trips for Indian tourists
Leave encashment tax relief: Eligibility and exemption limits explained
Salaried employees can carry forward unused paid leaves and opt for leave encashment instead of taking time off. This encashment is taxable, with treatment varying based on whether it's received during employment or upon retirement.
Emkay Wealth sees more upside in gold and silver How much should you invest?
Emkay Wealth Management remains optimistic about gold and silver, driven by macroeconomic uncertainty and central bank purchases. Details here.
Portfolio getting small- and mid-cap heavy? Here's how you can rebalance
Adding a balanced advantage fund or a dynamic asset allocation fund can play the role of a risk stabilizer without taking you out of growth assets altogether.
Sukanya Samriddhi Yojana: Ignoring this key aspect could reduce the final corpus
Contributing to an SSY account can yield significant benefits, but missing monthly deposit deadlines can result in lost interest and impact long-term compounding. Details here.
I asked ChatGPT to help me become debt-free by 2027: AI gives me 3-way strategy
ChatGPT gave me a 3-way strategy to become debt-free by December 2027. The plan includes selling stocks to pay off loans, managing monthly expenses, and strategically reducing SIP contributions.
Equity mutual funds lose up to 10% in a week; international funds emerge as top laggards
Want to trade gold 24x7? Here's how tokenised gold works, associated risks and how to buy it
Tokenised gold is physical gold converted into digital tokens backed by real gold in secure storage. Investors can buy, sell, or hold gold online without owning physical bars. Here's all you need to know about the asset.
Income-tax returns: Mint asked Chartered Accountant (CA) Chandni Anandan, Tax Expert at ClearTax about how taxpayers can correctly offset capital losses while filing their returns. Here's what she said
AlphaGrep enters MF space, eyes Rs 25,000-30,000 cr AUM in 3-5 yrs; to launch maiden scheme on Jul 6
The move comes after the company received approval from the Securities and Exchange Board of India (Sebi) to commence mutual fund operations.
How to spot personal loan scams and protect your money with these 5 essential safety tips
Dont let fraudsters catch you off guard. Personal loan scams can cause serious losses. Follow these five practical tips to verify lenders, protect information and borrow safely.
These 8 flexicap funds have low consistency scores. Do you own any?
Eight flexi cap funds exhibited low performance consistency over the last five years, according to CRISIL's Mutual Fund Scorecard. These funds, despite generally low risk compared to peers, showed varying investment styles and delivered CAGRs ranging from 4.79% to 10.4%.
The NSE launched Electronic Gold Receipts (EGRs) to enhance gold trading transparency and efficiency. EGRs are digital certificates representing physical gold, securely stored in approved vaults, enabling easier trading on exchanges.
Capital gains taxation of hybrid funds: How different types of hybrid funds are taxed?
Capital gains taxation of mutual funds depends on how much the fund invests in equity and debt. Since hybrid funds have different equity-debt allocations, the tax treatment of their capital gains varies based on their portfolio allocation.
Silver ETFs delivered a 50%+ 3Y CAGR. What does the gold-silver ratio show now?
The gold-silver ratio has fallen from a 52-week high of 94.5 to 60.7. Here's what the move says about silver's valuation and whether investors should still consider the metal after its sharp rally.
Planning an international trip? We take a look at the various spending options available to travellers. Compare the pros and cons before choosing whether credit card, forex card or a pre-paid travel card works best for you...
The price of 24-karat gold in India stood at 1,55,750 per 10 gram at 8.45 am on Sunday.
Health insurance claim rejected? IRDAI wants insurers to explain why
IRDAI has tightened disclosure requirements around claim decisions, requiring insurers to clearly explain the reasons for rejecting health insurance claims.
ITR filing 2026: How to report capital gains from shares, MFs, property
Reporting capital gains correctly is essential for investors who sold shares, mutual funds or property during FY26. Here's a guide to tax rates, ITR forms and capital gains reporting requirements for AY 2026-27.
Bank Holidays next week: Banks will remain closed on various dates in June, including weekends, regional and religious holidays. Check RBI calendar to know more about bank holidays in the coming week.
Rupee hits 96 against USD: How can falling currency impact your investments and how to protect them?
A falling rupee leads to higher inflation and, in turn, higher interest rates, which adversely impact corporate profitability and share prices. It can lead to higher yields on G-secs, lower bond prices and a fall in bond fund NAVs. However, international mutual funds benefit from INR depreciation.
A strong credit score can unlock better financial opportunities. Discover practical credit health tips for Millennials and Gen Z to build financial resilience and improve borrowing prospects.
Relief or red flag? What borrowers should know about loan settlements
As loan defaults rise, debt resolution firms are helping borrowers negotiate settlements and escape recovery pressurebut the relief comes with lasting consequences.
Studying abroad on a loan? Here's the true costand the mistakes that can make it even higher
Overseas education now costs Indian families up to 1 crore, exacerbated by a weaker rupee and rising visa restrictions. Despite financial challenges, 90% of parents aspire to send their children abroad. Education loans can bridge funding gaps, but borrowers must choose wisely .
EPF e-nomination can be considered invalid if you miss this key step Here's what to do
EPFO mandates e-nomination for EPF members to ensure smooth transfer of benefits to nominees upon a member's death and avoiding legal disputes. Members must complete e-signing via the EPFO portal to validate nominations. Here's how to do it.
PFRDA launches StAR NPS: How the new digital onboarding process works and charges applicable
NPS will be easier to join with the launch of StAR NPS, a digital onboarding platform designed to streamline enrolment and contributions while minimising paperwork. Details here.
Provident Fund guide: What are EPF, VPF and how to check your PF passbook
The Provident Fund (PF) is a crucial long-term savings option for salaried employees. Here's how EPF and VPF work and how you can keep a track of your contributions and account balance via PF passbook.
Sold a residential property? Here's how you can save tax on capital gains
Long-term capital gains from property sales are eligible for tax exemptions if reinvested in another residential property within specified time frames. Here's how to park your capital gains in the meantime and claim exemption.
Facebook users part of the $725 million privacy settlement will receive second payments starting June 9. Check whether you are eligible for the payout and the amount that you may receive.
Why you should file your ITR before by the deadline: Top 3 benefits for taxpayers
The ITR filing season for FY 2025-26 is ongoing, with forms notified. Filing late can cause stress, errors, and penalties. Here's why you must file your ITR within the due date.
The 8th Pay Commission, established in November 2025, is gathering inputs until June 15, 2026. Amid this, some of the proposals put forth to the commission include increase in fitment factor over 3.80 by multiple employee representatives.
Are tokenized funds a threat to mutual funds and ETFs? Explained
Tokenisation of funds is the process of representing shares in a traditional investment vehiclesuch as a mutual fund, ETF, or private equity fundas digital tokens on a blockchain.
A detailed calculation of raising a child in metro cities of India has left people surprised. Reportedly, the school fees are rising at a rate of 10 to 12 per cent per year. Check it out.
5 equity mutual funds deliver over 20% CAGR in 5 years. Do you have any?
Five equity mutual funds, led by Motilal Oswal Midcap Fund, delivered over 20% CAGR in the last five years, highlighting the strong wealth-creation potential of select midcap and smallcap schemes.
Nippon India Mutual Fund limits subscription in Gold BeES and gold savings fund
Nippon India Mutual Fund has imposed temporary subscription limits on Nippon India ETF Gold BeES and Nippon India Gold Savings Fund from June 8. While SIPs and STPs will continue within prescribed limits, fresh lump-sum investments and direct subscriptions by large investors will face restrictions until further notice.
Dearness Allowance: Assam, Arunachal Pradesh, Bihar, Odisha, Tamil Nadu and Uttar Pradesh have announced DA hikes in 2026 so far. Here's a look at how much increase each state has rolled out for employees
Capital has no nationality, FII are selling India despite the growth story 5 key factors to look at
FIIs withdrew roughly 1.98 lakh crore in the first four months of 2026 alone, vastly exceeding the 1.66 lakh crore withdrawn in all of 2025.
A data analyst has sought advice on Reddit after he received a job offer for 36 lakh pa salary in Mumbai, which gives him less in-hand pay compared to his current 25 lpa job in Gurugram. Here's how netizens reacted
Many retail investors think that spotting a potential multibagger stock is all about predicting which right pick. Here's how Shankar Sharma navigates the market opportunities.
Multicap or flexicap mutual fund for a 20-year SIP? Expert explains what investors should choose
A 37-year-old investor planning a Rs 1,000 monthly SIP for 20 years sought advice on choosing between multicap and flexicap funds. Samir Shah of Investa Financial explained the differences, highlighting risk appetite, fund manager flexibility, and goal-based investing as key factors in selecting the right mutual fund category.
Small-cap mutual funds reward timing, not just risk-taking: Data reveals smart strategy to invest
Small caps have indeed outperformed over the long term, but the magnitude of this outperformance seems too small to justify the additional risk.
Gold Rate Today: Here are gold rates in key Indian cities on Saturday, 6 June 2026. Check the price of 18K, 22K and 24K gold in Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, and Mumbai today.
Facebook privacy settlement cheques: Meta is issuing additional settlement payments to class members with approved claims who successfully cashed their initial payment. Here's all you need to know about the process
8th Pay Commission: Central govt employees want old pension back but can India afford it?
Demanding for OPS, All India NPS Employees Federation (AINPSEF) said in its memorandum, it provides social security and financial stability after retirement.
Crude oil prices above $100 a barrel: How can it impact your monthly budget?
Higher crude oil prices can impact the monthly budget directly with higher daily commuting costs, costlier vacation flight tickets, higher bills for grocery purchases, and expensive dining out. The indirect impact can come from higher prices of finished goods made using crude oil derivatives.
I asked ChatGPT if a lavish destination wedding makes sense at 50 LPA: AI breaks down actual costs
I asked ChatGPT if I should go for a lavish destination wedding at Umaid Bhawan Palace. AI broke down the actual costs of the event.
Bitcoin has lost more than half its value since reaching a peak above $126,000 in October last year and is now worth less than it was when crypto-friendly Trump retook the White House.
Bank holiday today, June 6: Are SBI, HDFC Bank, and other banks closed on Saturday?
The Reserve Bank of India (RBI) has listed a total of eleven holidays this month due to national, regional, and religious holidays.
Contra funds explained: How they work, key risks, benefits and top 3 options for investors
A contra fund is a type of equity mutual fund that follows a contrarian investment strategy and is required to invest at least 65% of its assets in stocks. Let's explore in detail what contra funds are, their benefits and risks, the key factors to consider, and the top 3 contra funds.
Home loans: Types, eligibility, tax benefits and application process explained
Before applying for a home loan, borrowers should understand the various loan options available, eligibility requirements, interest rates, tax benefits and the documentation required.
Despite earning 2.2 lakh monthly, Mumbai couple struggles to save. Reddit explains why
A Mumbai-based man has sparked a lively debate online after revealing that he and his partner, who collectively earn 2.2 lakh a month, are struggling to save money.
ITR filing 2026: Received dividend income or bonus shares? Heres how they are taxed and reported
Investors receiving dividend income or bonus shares must consider tax implications while filing ITR. Dividends are now taxable in the hands of investors, subject to slab rates and TDS if over 10,000. Bonus shares are tax-free upon receipt but result in taxable capital gains upon sale. Details here.
NSC vs tax-saving FD: All you need to know about returns, lock-in periods and tax benefits
While both National Savings Certificates and tax-saving FDs share a standard five-year tenure, they differ significantly in compounding frequency, interest rates, and overall structures.
Government exempts FIIs from taxes on interest income and capital gains from Indian government securities, aiming to attract global investors and stabilize the rupee. All you need to know.
A Bengaluru-based couple has gone viral after sharing a detailed breakdown of their family's monthly expenses, revealing they spent 1.66 lakh in May.
Indian families often include a spouse's name in property titles for strategic and practical reasons. Opting for shared ownership can safeguard a partner's financial future, streamline estate planning, and significantly reduce the likelihood of bitter inheritance conflicts down the line.
How mAadhaar users can switch to the new Aadhaar app: Step-by-step guide
The existing mAadhaar app is set to be retired soon and replaced with a redesigned Aadhaar application. Here's how to switch to the new Aadhaar app on both iOS and Android devices.
ICICI Prudential Mutual Fund restricts subscription in ICICI Prudential Gold ETF
ICICI Prudential Mutual Fund has restricted subscriptions exceeding Rs 25 crore in its Gold ETF, becoming the second fund house to do so after HDFC Mutual Fund. This move aims to curb excessive financialization of gold at elevated prices, potentially impacting India's current account deficit and rupee. Investors are advised to consider profit booking and avoid fresh lump-sum allocations.
