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As of June 14, 2026, senior citizens over 60 can access higher FD interest rates, with extra benefits for those over 80. Various banks offer additional rates.
IRDAI has issued guidelines on Migration and Portability for health insurance, allowing policyholders to transfer benefits between insurers or within the same insurer, ensuring continuity of waiting periods and accrued bonuses under certain conditions.
Foreign Portfolio Investors (FPIs) influence Indian markets but their control has diminished. Increased domestic participation has reduced reliance on foreign capital, allowing the market to remain resilient even during significant FPI outflows in recent years.
Use the 3/20/30/40 rule for home loans to buy a house without straining your finances
Avoid costly borrowing mistakes with the 3/20/30/40 rule for home loans as a guide to efficient home loan planning. This simple framework helps homebuyers manage EMIs, reduce debt burden and maintain long-term financial stability. It is prudent to consult a financial advisor while planning a loan.
10 lakh lump sum vs 10,000 SIP for 100 months - which built a bigger corpus?
Investors often compare lump sum investing and SIPs for wealth growth. A lump sum involves a single, large investment, while a SIP allows regular, smaller contributions. Lump sum may be ideal for large sums, while SIPs benefit those who invest gradually from salaries.
On June 14, gold prices in India remained stable, with 24-karat gold at 150,900 per 10 grams. Silver saw limited movement, with 999 Fine priced at 247,630 per kg. Prices reflected Friday's closing levels as the MCX remains closed on weekends.
Home loan insurance adoption jumps 7X in 5 months: What's driving India's borrowers to sign up?
Home loan insurance adoption has surged sevenfold recently, driven by borrowers seeking to protect families from loan liabilities. Most purchasers are aged 31-45, primarily salaried professionals.
Gold's rally may be changing your portfolio in ways you haven't noticed
A rising gold price may feel reassuring, but a hedge that grows too large can become the biggest risk in your portfolio. Here's why rebalancing matters.
As global capital chases AI, are Indian large caps valuations now attractive?
Driven by a bruising $30-billion foreign institutional sell-off, the Nifty 50 has dropped back into its historical valuation average, potentially opening up rare entry points for long-term investors, experts told Mint.
Eligible nominees for EPF include spouses, children, and dependent parents. Members without families can nominate others, but the nomination becomes invalid if the member later acquires a family.
The 8th Pay Commission's discussions focus on the fitment factor, crucial for salary hikes for central government employees in India. The report submission may extend to July 2027, with a potential multiplier between 2.28 and 3.83 affecting over 1.1 crore beneficiaries.
Why starting your SIP at 25 can build far more wealth than waiting until 35
Start early, build more wealth. This investment planning example shows how the power of compounding helps long-term investing create a significantly larger corpus, even with modest monthly SIP contributions. Understand this concept today to ensure meaningful wealth creation in your life ahead.
India's cost-of-living gap is widening, with Maharashtra's monthly expenses averaging 52,392, while Himachal Pradesh and Bihar remain affordable under 28,000. Economic opportunities vary significantly, influencing household budgets and lifestyle choices across states.
Bank holiday next week: SBI, HDFC, others closed on this day between June 14 and June 21; check here
Private and public sector banks in India will be closed for two days between 15 June and 21 June 2026 due to holidays specified by the RBI. Preparedness is essential for customers planning visits, though online banking services remain available during the closure.
Should a housewife file income tax return? How does it work?
Homemakers are not salaried employees, they may still earn income from various avenues
Want to transfer your home loan? Things to consider before proceeding
Under the refinancing of existing mortgage, a new financial institution clears your current debt and assumes the remaining unpaid principal
Delhi electricity bill hike: Here is how much more BRPL, BYPL and TPDDL consumers will have to pay
In response to rising electricity costs, the DERC has approved increased FPPA surcharges for Delhi's power discoms. This adjustment, impacting mainly non-subsidized consumers, will see a monthly surcharge recovery starting April 2026, following appeals for a higher recovery limit.
A 25-year-old Redditor shared his struggle to recover from 70 lakh debt incurred from a failed restaurant, where expansions to the business led to increasing debt. He turned to netizens seeking advice on the way forward
ChatGPT's recommended itinerary proved that a three-day summer escape to Manali doesn't have to cost a fortune. It offers a balance between affordability and memorable experiences.
Income-tax returns: For taxpayers filing ITR for business income using the ITR-4 form, i.e. Sugam form, we explain the tax department's rules on choosing or changing between the old vs new tax regimes.
A 10% salary hike may significantly increase gross income, but post-tax gains can be considerably lower due to deductions. Various income levels illustrate this impact, revealing hidden tax liabilities that erode take-home pay, especially for higher earners and around the rebate cliff.
9 equity mutual fund categories attract inflows in May; flexicap funds lead the pack
Equity mutual fund inflows fell 40% in May to 22,907 crore. Flexicap, smallcap and midcap funds remained investor favourites, while ELSS and dividend yield funds recorded net outflows.
Parag Parikh Flexi Cap Fund : ITC, HDFC Bank and Cipla among stocks bought and sold in May
Parag Parikh Flexi Cap Fund, India's largest active mutual fund, increased exposure to several banking and IT stocks in May, trimmed its holding in Cipla, and maintained a 14.77% cash allocation.
As crypto futures trading gains traction in India, traders are departing from traditional strategies. Nischal Shetty of WazirX highlights the operational differences, benefits, and risks of futures
8th pay commission: Railway groups want fitment factor of 3.80. We look at what the IRTSA has demanded when it comes to fitment factor across levels and how this could increase salaries of Railway employees.
HDFC Defence Fund adds Tata Motors, reduces exposure in MTAR Technologies and 1 other in May
HDFC Defence Fund added Tata Motors to its portfolio in May while trimming holdings in MTAR Technologies and Rishabh Instruments. The fund increased exposure to key defence-linked stocks, including Bharat Electronics, Bharat Forge, Bharat Dynamics and Mazagon Dock, reflecting sector-focused conviction
How much should I spend to buy my first car as a 25-year-old? I aksed ChatGPT to do the math
At 25 and earning 60,000 a month, prioritize financial security when buying your first car. Aim for a price within 68 lakh and a loan of 45 lakh over 45 years. Maintain savings and consider prepayment as your income rises to save on interest.
Foreign Portfolio Investments (FPIs) and Foreign Direct Investments (FDIs) differ in ownership and strategy. FPIs are short-term, focusing on financial assets, while FDIs involve long-term commitments to physical assets.
The Himachal Pradesh government, led by Chief Minister Thakur Sukhvinder Singh Sukhu, on Thursday announced that state employees will now receive 100 per cent of their salary while on study leave for higher education.
Gold, Silver Rate Today: Here is how much gold and silver costs in key Indian cities on Saturday, 13 June 2026. Check the price of 18K, 22K and 24K gold and 999 Fine silver in Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, and Mumbai.
SpaceX allocated a record 20% of its IPO shares for retail investors, driving strong first-day trading. Experts felt that retail buying was what pushed SpaceX shares 19% on their first day of trading.
Earning FD interest? Why you should submit Form 121 TDS provisions explained
A bank deducts 10% TDS if the interest payable on a customers fixed deposit exceeds 50,000 ( 1 lakh for senior citizens) in a financial year. A customer must submit Form 121 to avail a TDS exemption. However, interest must still be declared at the time of filing the ITR.
SpaceX's IPO valued the company at $2 trillion, making it the sixth-largest U.S. company and turning Elon Musk into the first trillionaire. Investors are optimistic about its potential but face volatility as SpaceX is unprofitable with a price-to-revenue ratio of 112.
29-year-old laid-off MNC employee with 5 crore net worth asks: Should I be satisfied?
The Redditor shared that his personal net worth stands between 5 crore and 6 crore, while his wife's assets are worth approximately 2 crore. He added that his wife, who earns 40,000 per month, has reassured him that she would stand by him during this period.
Are you drowning in multiple EMIs? Debt consolidation can simplify repayments, improve cash flow, reduce missed payments, strengthen financial discipline, and help borrowers build healthier long-term debt management habits.
5 powerful money lessons I learned from the worlds first trillionaire, Elon Musk
Elon Musk faced severe challenges in 2008 with SpaceX and Tesla but remained dedicated to his long-term vision. Similarly, consistent investments create more wealth than chasing quick gains, highlighting the importance of a long-term approach to investing.
HDFC AMC has confirmed a data breach. Your mutual fund investments are safe, but your personal data may be at risk. Here is what investors must do now.
Bank holiday today, June 13: Are SBI, HDFC Bank, and other banks closed on Saturday?
Banks across India are closed on specified holidays, including second and fourth Saturdays and Sundays. Online banking remains operational during these closures for uninterrupted access to financial services.
Advance tax deadline on June 15: Who should pay, who is exempt and do senior citizens need to pay?
The first advance tax instalment deadline for FY 2026-27 is June 15, 2026. Here's who should pay, who is exempt and do senior citizens need to pay?
The central government has warned that deepfakes and synthetic identities are increasingly being used to target digital verification systems. Banks and fintech firms have been asked to strengthen onboarding and fraud-detection frameworks.
Are gifts received at wedding exempt from taxation? Here's what newlyweds should know
Indian weddings involve cash, gold, and gifts, which may raise tax concerns for newlyweds. The income tax law allows exemptions for gifts received during marriage, but they must still be disclosed as income. Details here.
Whether it is an ageing parent requiring months of specialised nursing post-surgery, a stroke survivor needing extensive physical rehabilitation, or a patient recovering from severe respiratory illness relying on supplemental oxygen, long-term care takes a toll.
Can you use stock market losses to reduce tax on other capital gains? Income tax rules explained
Investors can offset equity-related losses against other capital gains to lower tax liabilities. The adjustment depends on the nature of the loss and the type of capital gain. Details here.
Two representative groups Indian Railways Technical Supervisors Association and Railways Senior Citizens Welfare Society are seeking better pay levels, salary structure, annual increments, DA hike and allowances for employees and pensioners.
I asked ChatGPT to plan Ladakh trip under 20,000. The itinerary surprised me
My ChatGPT prompt: Please analyse whether a Ladakh trip is realistically feasible within this budget. If it is, create the most practical and enjoyable 4-day itinerary, taking into account travel time, acclimatization requirements, and major attractions.
Think a 20% market correction is rare? 45 years of Sensex data says otherwise
The Sensex has witnessed an average intra-year drawdown of 20% since 1980, yet nearly 80% of calendar years ended with positive returns.
I asked ChatGPT to do the wedding math: Whats a realistic budget in Delhi?
I asked ChatGPT to plan my wedding budget in Delhi. It suggested three budget scenarios conservative, moderate and premium. Read below to see which one of these it recommended.
More than 4,400 former and current employees are set to become millionaires after SpaceX starts trading on Friday, even as CEO and the world's richest man, Elon Musk seems poised to become the first-ever trillionaire.
Quant Small Cap Fund increased exposure to Adani Enterprises and eight other stocks in May while reducing holdings in Aurobindo Pharma and four more. The fund also added six new stocks, exited three positions and maintained a defensive tilt through a higher large-cap allocation.
7 mutual funds multiplied investors' wealth up to 20 times in two decades. Check the performers
Seven equity mutual funds turned long-term investments into 12-20 times their original value over 20 years. Midcap and flexicap funds dominated, with Nippon India Growth Mid Cap Fund leading wealth creation.
June 2026: Prominent small finance banks offer FD rates of up to 8.10% check details
Amid global market volatility, small finance bank fixed deposit (FD) rates of up to 8.10% can offer stable returns. Compare tenure, tax impact and safety before choosing the right fixed deposit.
Dearness Allowance: Today we explore why DA and fitment factor decisions are significant when it comes to deciding how much salary and pension hike central government employees' and retiree can get under the 8th pay commission.
Mid-caps beat large-caps over 20 years; here's the hidden cost of outperformance
Mid-caps delivered stronger long-term returns than large-caps over the past two decades. But the outperformance came with significantly longer and deeper drawdowns, highlighting a trade-off often missed in CAGR comparisons.
Sectoral and thematic mutual fund inflows saw a significant drop in May, falling by 67%. This decline suggests investors are moving away from concentrated bets towards diversified strategies. Experts believe this trend reflects a natural shift during market uncertainty. While some sectors show strong performance, others lag, making sector selection challenging.
On 12 June, gold prices rose amid peace deal hopes in the Middle East conflict, with MCX gold trading at 1,50,320 per 10 grams. US President Trump's statements brought optimism, despite awaiting concrete developments on the situation.
Manish Kumar linked the decline to a number of factors, including rising living costs and demanding work cultures. He cited the example of a Delhi couple earning 50 lakh annually to illustrate his point.
Elon Musk's SpaceX had a bumper $75 billion IPO and is set to propel the world's richest person into trillionaire status. Here's a look at whether Indians can get a share of the pie and how much a $10,000 investment in the rocket company could yield.
Best value funds to invest in June 2026
Value investing has dominated the Indian stock market, with value funds delivering strong returns while growth funds lagged. Investors are advised to understand the merits and demerits of this strategy, as it requires patience and may involve periods of underperformance. A maximum of 20% investment in value funds is recommended.
Who really makes money during a boom?
Why identifying a theme is only the beginning of successful investing.
Bengaluru woman loses 98.4 lakh in digital arrest scam: 5 ways to protect yourself
A shocking digital arrest scam cost a Bengaluru woman 98.4 lakh after fraudsters posed as police officials. Know five warning signs to avoid cyber fraud and protect your savings. Make sure that you promptly report such scams so that future victims can be protected and awareness can be spread.
Mis-selling, not claims, is life insurances biggest problem: Aviva CEO Asit Rath
Aviva Life Insurance CEO Asit Rath says tighter regulations are pushing the industry away from commission-led selling toward life-stage advice, data-driven underwriting and long-term customer engagement.
Wealth management for women: 4 smart strategies to tackle key financial challenges
Financial independence starts with smart choices. Wealth management for women becomes easier through disciplined investing, retirement planning, financial confidence and structured strategies that support long-term financial security and wealth creation.
Missed filing income tax returns for years? How to use ITR-U to clear your backlog
To help taxpayers catch up on missed filings or report previously unrecorded income, the government introduced the Updated ITR (ITR-U) framework.
Can missing 15 trading days over 27 years cost investors 1.9 crore? The data says yes
FundsIndia analysis shows that missing just 15 trading days over 27 years would have cut a 2.84 crore corpus to 95 lakh. The data highlights how a handful of market sessions have driven a disproportionate share of long-term equity returns.
Tax-loss harvesting explained: Key things mutual fund investors should know before booking losses
Tax-loss harvesting can help mutual fund investors offset capital gains and improve post-tax returns. However, experts say investors should stay focused on asset allocation, reinvestment and long-term wealth creation while using the strategy.
LTCG: How to save long-term capital gains tax key exemptions and errors explained
Sections 54, 54B, 54EC, and 54F represent the most effective pathways to claim these tax reliefs, tax experts say.
What financial decisions do people regret at 50? I asked ChatGPT; and, it was an eye-opener
At 50, people often regret financial decisions that hinder their long-term freedom and relationships, according to ChatGPT.
Fund of Funds explained: Meaning, types, benefits and limitations you must know
Fund of Funds (FoFs) are a type of mutual fund that does not invest directly in stocks, bonds, or other asset classes. Instead, they invest in other mutual fund schemes or just track an ETF or index fund.
After you file the ITR, the Income Tax Department processes the return and issues an intimation under Section 143(1) of the Income Tax Act. If you notice an error in your processed ITR, you can submit a rectification request through the e-filing portal.
What changes in ITR-3 for F&O traders?
The revised tax form mandates split reporting of derivatives turnover and profits, improving AIS-based data matching and raising compliance pressure on futures and options traders
Looking for best mutual funds to invest in? Here are the top 10 picks
Choosing mutual funds based only on online rankings or recent performance can be misleading. ETMutualFunds shortlisted 10 equity funds across five categories using rolling returns, consistency, downside risk, outperformance and asset size. Investors should select funds based on financial goals, investment horizon and risk appetite.
NFO Alert: ICICI Prudential Mutual Fund launches Nifty Smallcap 250 ETF
ICICI Prudential Mutual Fund has launched the Nifty Smallcap 250 ETF, offering exposure to 250 emerging companies. The NFO is open till June 16. The passive fund aims to track the index with minimal cost, targeting investors seeking diversified, long-term participation in Indias growing smallcap segment.
A crucial phase begins as the 8th Pay Commission advances consultations and extends submissions, while fitment factor demands gain momentum ahead of recommendations that will affect lakhs of employees and pensioners.
Income-Tax Returns: The presumptive taxation scheme simplifies I-T compliance for small businesses, professionals, and freelancers by allowing them to declare income as a fixed percentage of turnover without maintaining detailed books of accounts.
Parag Parikh Flexi Cap Fund raises stake in ITC, HDFC Bank and 14 other stocks in May
Parag Parikh Flexi Cap Fund, Indias largest active flexi-cap scheme by AUM, raised exposure to ITC, HDFC Bank and 14 other stocks in May, according to PPFAS Mutual Funds latest portfolio disclosure. The fund added 4.46 crore ITC shares, taking total holdings to 28.78 crore, while increasing its HDFC Bank position by 47.20 lakh shares.
Why many people fail at retirement planning: 5 mistakes to watch out for
A small mistake today can weaken your finances in the future. Avoid common retirement planning mistakes, tackle inflation, diversify investments and build a stronger retirement corpus for long-term financial security.
Concerned about their dependency on EMIs for ordinary expenses, a salaried individual seeks an analysis of his financial habits. ChatGPT obliges.
Dearness Allowance: Assam, Arunachal Pradesh, Bihar, Odisha, Tamil Nadu, Uttar Pradesh Check the full list of states that have announced DA hikes and states such as West Bengal and Himachal Pradesh, that are considering pay increases for employees.
Want to triple your money? Understanding the Rule of 114 and how it works
The Rule of 114 helps estimate when your money could triple through compounding, while other popular personal finance rules can support smarter investing, budgeting and long-term financial planning.
Portfolio obsession: when constant monitoring hurts returns
Patience and letting the portfolio be may look like inaction. But that may be the best action for the health of ones wealth
CBDT issues ITR scrutiny guidelines for FY27; these 6 cases will face mandatory checks
The CBDT has identified six categories of cases that will be compulsorily selected for complete scrutiny during FY 2026-27. According to the guidelines, notices for returns filed during FY 2025-26 must be issued on or before 30 June 2026.
Are mutual fund investors losing interest in gold ETFs and multi asset allocation funds?
Gold ETFs and multi-asset allocation funds experienced a moderation in investor inflows last month, with gold ETFs seeing a net outflow of Rs 725 crore. Experts advise against over-interpreting single-month data, emphasizing long-term portfolio objectives and strategic asset allocation over short-term trends.
The Railways Senior Citizens Welfare Society has submitted demands to the 8th Pay Commission, emphasising fair pay structure, minimum pay based on scientific norms, and adequate increments. Here's what they have suggested for current employees and pensioners
Travel insurance claims denied? Here are the mistakes travellers make most often
Travel insurance covers far more than medical emergencies, but claim success often hinges on disclosures, documentation and meeting strict policy conditions.
What intrigued social media users even more was Pooja's claim that the swimming pool owner earns from the same resource in more than one way.
Frozen bank account access can disrupt daily finances. Understand common reasons, required documents, timelines, and practical steps to unfreeze a bank account quickly and avoid future account restrictions.
Gold and silver ETFs tumbled on Thursday as precious metal prices fell sharply amid heightened geopolitical tensions, rising crude oil prices and inflation concerns. SBI Gold ETF was the worst-hit gold fund, while silver ETFs also posted losses, prompting investors to reassess buying opportunities in the segment.
Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu on Sunday presided over a meeting of the Finance Department and reviewed the financial situation of the State. Here's what was discussed on arrears, pension and dearness allowance.
Best focused mutual funds to invest in June 2026
Focused equity mutual funds, investing in a maximum of 30 stocks, offer the potential for higher returns but also carry increased risk. These schemes require a higher risk appetite and a longer investment horizon of around seven years. Investors can explore recommended funds like 360 ONE Focused Equity Fund, SBI Focused Fund, Sundaram Focused Fund, and Quant Focused Fund.
Hidden credit report errors can hurt your credit score: Here are 5 ways to dispute them
Spot hidden credit report disputes before they harm your credit score. Correcting errors promptly improves creditworthiness, protects your financial reputation and strengthens access to loans and credit cards.
