38 C 
RBI enhances customer protection for electronic banking transactions
Banks asked to put in place a mechanism for compensation of up to 25,000 for small value fraudulent e-banking transactions, mandatorily send instant SMS alerts to its customers and provide 24x7 access through various channels for reporting of fraudulent transactions
G-Secs rally on RBI Governors rate hike comments; Brent crude oil price fall also lends support
Rupee closes 7 paise higher at 94.6650 per dollar
Supra Pacific Financial Services targets 500-branch expansion and 2,500 crore asset base
The NBFC will strengthen its presence in states including Gujarat, Delhi, Rajasthan, Odisha and Telangana, while expanding deeper into southern and western markets.
FundsIndia raises 44.6 crore by closing maiden secured NCD issuance
The firm plans to use the funds to strengthen its technology and platform capabilities, and expanding the range of investment products
RBI proposes guidelines for banks to manage AI risks
RBI says banks must put in place a board-approved risk management framework covering all AI and machine-learning models
London court orders Nirav Modi to pay 100 cr to Bank of India
London Circuit Commercial Court ordered him to pay more than $ 10.7 million to BOI for defaulting a loan given to a Dubai-based company promoted by him
The Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax liability. This involves manipulating claims like House Rent Allowance (HRA) for undue benefits. Taxpayers who engaged in this practice are advised to voluntarily pay the correct tax and interest, or seek condonation from the department to avoid penalties and potential legal action.
India's asset wealth management AUM projected to reach US$ 1.7 trillion by 2030: PwC report
Indias asset and wealth management industry is projected to reach US$1.7 trillion in AUM by 2030, driven by rising retail participation, growing institutional pools and expanding digital financial infrastructure, according to a PwC report.
NFO Update: Ionic Asset announces launch of Global Asset Allocation Fund
Ionic Asset has launched the Global Asset Allocation Fund, a GIFT City-based, privately placed offering aimed at sophisticated investors, HNIs and UHNIs. The fund seeks to provide geography-agnostic multi-asset exposure through a mix of global equities, commodities and REITs, with allocations designed to capture long-term structural opportunities across markets and themes.
PNB MetLife settles 99.81% of individual claims in FY26, pays out over 1,029 crore
PNB MetLife pays out 526.62 crore across 6,188 individual claims and 502.69 crore across 6,868 group claims during year
One balance, many markets: Binance and the making of a finance super app
Binance is revolutionizing investing by consolidating crypto, stocks, and commodities into a single platform, mirroring Asia's 'super app' model. This move, particularly impactful in emerging markets, offers unprecedented access to global equities and pre-IPO opportunities. Fractional ownership and stablecoin settlements are breaking down traditional barriers, making diversified portfolios accessible via smartphones and promising to channel trillions into equity markets.
Will the ITR filing deadline for AY 2026-27 be extended? Here's what taxpayers need to know
Taxpayers can breathe easy as the Income Tax Return (ITR) filing deadline for AY 2026-27 is unlikely to be extended. Unlike last year's technical glitches and delayed form releases, this year's process has been smooth, with utilities available on time. Experts advise against banking on an extension and urge prompt filing within the stipulated dates. Various deadlines exist for different taxpayer categories.
Post office customers can now do paperless transactions at branch offices with Aadhaar e-KYC
The Department of Posts has introduced Aadhaar-based e-KYC at Branch Post Offices, enabling eligible Post Office Savings Account, RD and SSY customers to make paperless deposits up to Rs 50,000 and savings account withdrawals up to Rs 20,000. Aadhaar-authenticated transactions can now be done at any branch, while mobile-linked accounts become mandatory from September 1, 2026.
No Form 16? Here's how salaried taxpayers can file ITR using AIS and Form 26AS for FY 2025-26
Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. If delayed, taxpayers can use salary slips, bank statements, and crucial documents like AIS and Form 26AS to verify income and tax details. These online statements, accessible via the Income Tax portal, are vital for accurate filing and ensuring TDS credit.
Banks are constrained for credit only when they do not have sufficient capital and we (banks) have sufficient capital, the RBI Governor said
AMFI Rejig: Mazagon Dock among 9 largecaps stocks that may get midcap status in H2 CY26
Nuvama Institutional Equities expects AMFIs H2 CY26 semi-annual rejig to trigger changes in market-cap classifications, with around nine stocks potentially moving from large-cap to midcap status. Rising cut-off thresholds could affect names across real estate, hospitality, healthcare, industrials and consumer sectors.
Retirees often face a dilemma investing their corpus, balancing safety with growth. Expert Abhijit Chokshi advises a diversified approach for a Rs 1 crore investment, suggesting balanced advantage funds, quality debt funds for emergencies, and a cautious entry into equity via Systematic Transfer Plans (STPs). This strategy aims to manage risk and ensure peace of mind during market volatility, emphasizing a long-term perspective.
BHIM Payments App transaction volumes more than triple in one year: NBSL Chief
The monthly transaction volumes on the app increased from 79.64 million in June 2025 to 244 million transactions in May 2026, Lalitha Nataraj, MD & CEO, NBSL, said.
NFO Update: Tata AIA Life Insurance launches Multifactor Index Fund
Tata AIA Life Insurance has launched the Tata AIA Multifactor Index Fund, a ULIP-based offering designed to combine equity market participation with life insurance protection. Built on a low-volatility multifactor strategy, the fund aims to provide diversified exposure and steadier long-term wealth creation through a rules-based investment approach.
Edelweiss Mutual Fund has launched a unique technology fund, blending Indian IT stocks with global tech giants. This fund aims for long-term capital appreciation by taking a contrarian view on Indian IT while investing in innovative global companies. It offers investors a single avenue to tap into both domestic and international technology growth opportunities, differentiating itself from single-focus funds.
Premature to talk about a rate hike: RBI Guv Malhotra
The Governor observed that if the MPC was sure about the second round effects of inflation, it would have acted.
Tata AIA launches factor-based index fund within ULIP framework
The fund selects 50 stocks from the Nifty 500 universe using four factors low volatility, quality, value and momentum and tracks a customised benchmark, the Nifty 500 Multifactor MQVLv 50 Index
Gold prices saw a mixed trend on Wednesday, June 24, 2026, with Tanishq holding steady while other major jewellers like Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas lowered their 22K gold rates. This comes as IBJA's Tuesday evening rates indicated a slight dip. Consumers can check specific rates across various purities and brands for informed decisions.
FCNR rates surge to 7%: What NRIs need to know before moving overseas deposits
NFO Alert: HDFC Mutual Fund announces launch of Nifty Auto Index Fund
HDFC Mutual Fund has launched the HDFC Nifty Auto Index Fund, an open-ended scheme offering passive exposure to Indias automobile and auto ancillary sector. The NFO is open for subscription and will close on July 3. The scheme will reopen for continuous sale and repurchase within five working days after allotment of units under the NFO.
Axis Bank prices its $300 million 5-yr Senior Unsecured Notes at a fixed rate of 5.348%
Moodys Ratings has assigned a Baa3 rating, with a Stable Outlook to the above referenced obligation, Axis Bank says in a regulatory filing
NFO Insight: Can JM Multi Asset Allocation Fund help investors navigate uncertain market?
JM Financial Mutual Fund has launched the JM Multi Asset Allocation Fund, aiming to provide long-term capital appreciation and income by investing across equity, debt, and commodities. The fund employs a structured, model-guided approach to dynamically allocate assets, seeking to navigate market cycles and offer risk-adjusted growth. Experts suggest such funds can offer diversification and stability, potentially outperforming pure equity funds in uncertain times, and may suit first-time investors.
Best medium duration mutual funds to invest in June 2026
Investment advisors are increasingly recommending medium duration funds, anticipating superior returns as interest rates decline. These debt funds, mandated by SEBI to hold instruments with a Macaulay duration of three to four years, suit investors with similar horizons. While sensitive to rate hikes, they offer potential for those willing to accept some volatility for longer-term parking of funds.
Not money savvy & only getting worse? 7 silent money mistakes draining middle-class India dry
Can a bank seize your vehicle after EMI default? What borrowers need to know
Facing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without due process. Recovery agents must not use force or intimidation. You're entitled to notices and can reclaim your vehicle before sale if you regularize your loan. Any surplus from a sale after clearing dues belongs to you. Know the rules to protect your asset.
A man will receive Rs 4,000 in compensation after an e-commerce company failed to deliver his grandmother's birthday cake, despite charging extra for delivery. The consumer commission found the company guilty of deficiency in service, ordering a refund of the cake and delivery charges with interest, plus compensation for harassment and litigation costs. The company's claim that the recipient refused the order was disproven by audio evidence.
Indian professionals holding US ESOPs and RSUs face a significant risk of up to 40% US estate tax on assets exceeding $60,000 after their death. This applies even if they are non-residents. Experts suggest strategies like routing shares through GIFT City, investing in UCITS ETFs, or lifetime gifting to mitigate this substantial tax burden for legal heirs.
Beyond returns: How benchmarking helps investors pick winning mutual funds
Understanding mutual fund performance goes beyond just returns. A benchmark, like Nifty 50 or Sensex, acts as a crucial yardstick to gauge a fund's success. Investors should look for funds consistently outperforming their benchmark, even by a small margin, over extended periods and across market cycles. This comparison is vital for making informed investment decisions.
Cross-border payments platform Skydo gets international payment licence in Canada
The company also plans to support Canadian businesses with global collections, local accounts and supplier payments
Axis Bank anticipates a 10,000 cr portfolio expansion under ECLGS 5.0
ECLGS 5.0 aims to provide credit guarantee coverage of 100 per cent for MSMEs and 90 per cent for non-MSMEs
Indian banks can extend loans to the FCNR (B) account holders and mark lien on such deposits
The move comes as GIFT Citys broker-dealer ecosystem continues to expand, with more than 100 registered entities
Kaleidofin Capital raises $5 million via IIX-backed womens livelihood bond NCD deal
The capital will be deployed in clean energy and financial inclusion initiatives
RBI issues final norms on TReDS; eases onboarding process for MSMEs
Allows insurance companies and credit guarantee fund trusts to play a more active role in supporting transactions on the platform
RBI issues final norms for TReDS platforms to boost MSME financing
The new framework simplifies onboarding and enables financiers to access credit guarantees
8th Pay Commission salary: How minimum and maximum basic salaries have changed since 1947
VinFast India partners Shriram Finance for EV retail vehicle financing
The collaboration will provide customers up to 100% on-road funding, flexible repayment options, and competitive interest rates, while leveraging Shriram Finances wide pan-India network to boost EV adoption
5 largecap mutual funds deliver over 15% annualised returns in 3 years. Check the list
Passive largecap funds led three-year performance, with BHARAT 22 and Nifty Next 50 ETFs delivering 18.9%22.1% annualised returns, while several Sensex and Shariah index funds posted modest gains.
Should you stop your SIP because the market is not doing well? History suggests otherwise
Market downturns often tempt investors to pause their SIPs, but historical data suggests staying invested may be the better strategy. A WhiteOak Capital study found that SIPs with weak initial returns frequently delivered stronger long-term outcomes, reinforcing the importance of discipline, consistency and time in the market.
Central government employees appointed on compassionate grounds before 2004, but joining after, can now opt for the Old Pension Scheme (OPS). This decision extends the benefit previously granted to regular appointees who applied before the January 1, 2004, cutoff. The move follows inter-ministerial consultations and addresses demands from employee unions, offering a significant relief for affected families.
VinFast India Partners with Shriram Finance to Strengthen EV Financing Accessibility
VinFast India, the Indian subsidiary of global electric vehicle manufacturer VinFast, has signed a strategic Memorandum of Understanding (MoU) with Shriram Finance Limited (SFL), one of India’s largest retail NBFCs, to enhance consumers’ access to financing solutions and support the wider adoption of electric mobility in the country. The MoU was signed by Mr. Tapan Ghosh (left), CEO of VinFast India along with Mr. Nandagopal R., President & National Business Head – Shriram Green Finance in Gurugram Through this partnership, prospective VinFast customers will benefit from Shriram Finance’s tailored financing solutions, including up to 100% on-road funding, attractive interest rates, and flexible repayment options across VinFast’s product portfolio, designed to simplify EV ownership and accelerate adoption. The collaboration will also enable VinFast to leverage Shriram Finance’s extensive pan-India presence, deep expertise in vehicle financing, and strong customer reach across urban, rural, and semi-urban markets. Shriram Finance is one of India’s largest retail-focused NBFCs, providing lending and other credit solutions alongside traditional banking channels to more than 9 million customers through a nationwide network of over 3,000 branches. Through its green finance initiatives, Shriram Finance shares VinFast’s vision of accelerating the transition towards cleaner and more sustainable mobility solutions across India. The MoU was signed by Mr. Tapan Ghosh, CEO, VinFast India along with Mr. Nandagopal R., President & National Business Head – Shriram Green Finance. Mr. Tapan Ghosh, CEO, VinFast India , shared, “I ndia’s transition to electric mobility will be shaped not just by strong products, but by the strength of the ecosystem that supports them. Our partnership with Shriram Finance reflects VinFast’s continued focus on removing barriers to EV adoption by improving financing accessibility and enabling a smoother ownership experience for our customers across markets ” Commenting on the partnership, Mr. Nandagopal R., President & National Business Head – Shriram Green Finance , said, “ We are pleased to collaborate with VinFast through this strategic MOU, which marks an important step towards strengthening sustainable mobility solutions in India. This association reflects our shared vision to accelerate EV adoption and support the development of a stronger green mobility ecosystem across the country .” As VinFast continues to strengthen its footprint in India, this partnership marks another important step in the company’s efforts to build a robust EV ecosystem that supports the country’s transition towards sustainable mobility. Following the recent launch of the VF MPV 7, marking VinFast’s entry into the electric MPV segment, the company continues to build strong momentum in the market through strategic initiatives aimed at enhancing accessibility and ownership convenience. With collaborations focused on strengthening financing accessibility, a key enabler of EV adoption, alongside initiatives such as assured resale and structured buyback programmes, VinFast remains committed to making electric mobility more practical, accessible, and convenient for Indian consumers. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe, the Middle East and Asia. vinfastauto.in About Shriram Finance Limited (SFL) Shriram Finance Limited (SFL) is one of India’s largest retail NBFCs with a strong nationwide presence and decades of experience in vehicle and MSME financing. The Company offers diversified financial solutions across commercial vehicles, passenger vehicles, MSME lending, EV vehicle financing, EV eco system and solar financing segments. SFL has been actively expanding its Green Finance portfolio with a focus on EV vehicle financing, EV eco system development, sustainable transportation and renewable energy solutions. With its extensive customer reach, strong distribution network and deep market understanding, SFL is well positioned to support India’s transition towards cleaner and greener mobility solutions. www.shriramfinance.in
Confusion surrounding the new Income Tax Act, 2025, and its transition from Assessment Year (AY) to Tax Year (TY) is clarified by the Income Tax Department. Taxpayers will not need to file two returns for income earned between April 1, 2025, and March 31, 2026.
8th pay commission proposals: Central government employees are urging the 8th Pay Commission to significantly hike House Rent Allowance (HRA) rates, citing soaring urban rents. Employee bodies are proposing increases to 36%, 40%, and even higher for different city categories, with some suggesting HRA be linked to Dearness Allowance (DA) and extended to pensioners. These demands aim to better align payouts with the cost of living, particularly for lower-level staff in major metropolitan areas.
Consistent performers: 6 equity mutual funds deliver over 20% CAGR in 3- and 5-year horizons
Six equity mutual funds have delivered over 20% CAGR in both three- and five-year horizons, an ETMutualFunds analysis showed. The list includes mid cap and small cap schemes from HDFC, Nippon India, Quant, Bandhan and Invesco, highlighting consistent long-term performance across categories despite market volatility.
NFO Alert: JM Financial Mutual Fund launches multi asset allocation fund
JM Financial Mutual Fund has launched its new JM Multi Asset Allocation Fund, an open-ended scheme designed for long-term wealth creation. Subscriptions open June 24 and close July 8, 2026. This fund offers a diversified portfolio across equity, debt, gold/silver, and commodity derivatives, aiming for growth with a structured, actively managed approach to navigate various market cycles and economic conditions.
Gold rate today: Gold prices saw a welcome dip today, offering relief to eager buyers. Major brands like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas have reduced their 22k gold rates across key Indian cities.
OFSS among top 4 midcap stocks that saw highest mutual fund selling in May
Mutual funds heavily sold midcap stocks in May, including SAIL, Oracle Financial Services, National Aluminium, and Patanjali Foods, reflecting shifting allocations, valuation concerns, and sector rotation in Indian equity markets.
IDFC First scam: CBI arrests senior IAS officer for embezzling 60 crore
The case is part of a CBI investigation into embezzlement of 657 crore from the accounts of the Haryana government and Chandigarh administration maintained at IDFC First Bank
Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FA
Indian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose can lead to tax issues. Filing Form 40 is crucial for deferring Indian tax until withdrawal, aligning with US taxation and potentially enabling Foreign Tax Credit benefits. New ITR forms require filing ITR-2 or ITR-3 for these disclosures.
Searching for the best smallcap funds? Check these top 4 picks for June 2026
ETMutualFunds has shortlisted four top smallcap mutual funds based on rolling returns, consistency, downside risk and asset size. Nippon India leads with the highest returns, while others show mixed quartile performance. These funds suit aggressive investors with a high risk appetite and a long-term investment horizon.
Filing ITR? Dont ignore the nature of employment field; it can affect NPS & retirement tax benefits
The Nature of Employment field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, including exemptions on gratuity, commuted pension and leave encashment, as well as deductions for employer contributions to NPS, potentially leading to incorrect tax computation and compliance issues.
Can me and my wife claim LTCG tax exemption on gains from residential property sold in 2025?
ET Wealth Reader's Query: In 2025, I sold a residential property, which was purchased in 2008 in the joint names of my wife and I. However, my wife did not contribute financially to the purchase. I would like to know if both of us can claim long-term capital gains tax benefits.
AMFI Rejig: BSE and Vodafone Idea among 8 midcap stocks that may get largecap status in H2 CY26
Eight midcap stocks, including BSE, Vodafone Idea, Hitachi Energy India, Jindal Steel, Indian Bank, Indus Towers, BHEL and Vedanta Aluminium, may be upgraded to largecap status in AMFIs H2 CY26 rejig, according to Nuvama Institutional Equities.
The Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any per-diem payments from his Indian employer due to his overseas work, then this payment is not taxable under Article 16 of India-UK Double Tax Avoidance Treaty (DTAA).
Can a 10% annual SIP step-up help turn Rs 26,000 monthly investment into Rs 1 crore?
A 10% annual SIP step-up could boost a Rs 26,000 monthly investment towards Rs 1 crore in a decade, according to an expert. The analysis highlights portfolio overlap and suggests reallocating from large-cap and mid-cap funds to small-cap ones. Investors are advised to exit thematic and hybrid funds for better diversification and long-term wealth creation.
Best gilt mutual funds to invest in June 2026
Gilt funds are being recommended by advisors for 'aggressive' debt investors anticipating interest rate cuts by the RBI, with potential for double-digit returns. These funds, investing in government securities, carry no credit risk but are highly sensitive to interest rate fluctuations. Investors should have a long-term horizon and understand rate cycles to benefit from potential gains when rates fall.
Indians now have easier access to global markets through direct overseas investing or GIFT City. Direct investing offers wider choices and lower entry barriers, ideal for hands-on investors with smaller sums. GIFT City provides a structured, convenient route with higher initial investment, suitable for those seeking a managed approach to international diversification. Read the article to know how the two routes compare in terms of taxation, costs and more.
This is driven by a pickup in non-food bank credit and rise in foreign direct investment (FDI) to India, per the central banks latest monthly bulletin
RBI to conduct 2 lakh crore 7-day variable rate repo auction on June 23
The move follows a review of current and evolving market liquidity trends
IRDAI moots 10-fold hike in penalties to curb mis-selling
The draft regulations also seek to enhance transparency and accountability
Any breakdown of interim US-Iran peace agreement may reignite material risks: RBI Bulletin
The uncertainties could have an impact on the outlook through international trade, cost pressures, capital flows and commodity prices
CBI arrests ex-RCFL and RHFL CEOs in 7,623 crore bank fraud case
The agency said the accused sanctioned loans to intermediary and conduit firms in violation of RBI and lending norms, resulting in massive losses to public sector banks
World Bank approves USD 1.5 billion to boost private sector jobs in India
The initiative is projected to generate employment opportunities for about 11 million young Indians over the next two decades under the private sector development financing programme
PFRDA has launched Pension Sahayak, an AI-powered platform simplifying pension grievance redressal. This upgrade from the old CGMS offers web, mobile, and WhatsApp access in 22 languages, including voice commands.
Alan Greenspan, ex-Federal Reserve chief, dies at 100
Widely regarded as the architect of a prolonged US economic expansion, Greenspan oversaw an era of low inflation, strong growth and booming markets, steering monetary policy through multiple crises including the 1987 crash and the Asian financial crisis
How to claim up to 10 crore capital gains tax exemption
Banks to be closed for 3 consecutive days this week: Check if your state is on the list
Bank holidays: Several Indian states and union territories will experience a three-day bank closure this week, from Friday, June 26th to Sunday, June 28th, 2026. This extended holiday is due to Muharram on Friday, followed by the fourth Saturday and Sunday.
RBI Governor calls MSMEs key partners in Indias growth story
Malhotra described MSMEs as the nursery of entrepreneurship and stressed the need for a financial system that effectively serves enterprises across districts and towns
RBI unlikely to raise interest rates soon amid declining crude oil prices, say experts
The MPC projected Indias real GDP growth for 2026-27 at 6.6% while revising Consumer Price Inflation (CPI) upward to 5.1%, with inflation expected to peak at 5.9% in the third quarter
Navi Flexi Cap among 5 flexicap funds with highest cash holding. Check details
Five equity funds held over 50% of their portfolios in cash in May, led by Samco Flexi Cap Fund at 62.4%, reflecting a cautious stance and liquidity preparedness.
Top 7 mutual fund managers manage at least Rs 2 lakh crore AUM. Check details
The top seven mutual fund managers each oversee at least Rs 2 lakh crore in assets under management as of May 2026, according to ACE MF data. The list is led by managers from ICICI Prudential, SBI Mutual Fund and HDFC Mutual Fund, highlighting concentration among Indias largest fund houses.
Income Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A rebate and standard deduction, but filing an ITR is crucial. However, this rebate doesn't apply to special incomes like capital gains, Virtual Digital Assets (VDAs), and lottery winnings, which are taxed at specific rates.
IPO investing is gaining traction, but picking winning stocks is tough for individuals. Edelweiss Mutual Fund CEO Radhika Gupta suggests their Recently Listed IPO Fund as a solution. This professionally managed portfolio focuses on new listings, offering diversification and potential post-listing gains. While acknowledging potential volatility due to mid-to-micro cap exposure, Gupta recommends SIPs for smoother navigation of market ups and downs.
Aadhaar email update to be free via mobile app from July 1; UIDAI waives Rs 75 fee for six months
The Unique Identification Authority of India (UIDAI) is making email address updates via the Aadhaar mobile app free for six months, from July 1 to December 31, 2026. This move aims to encourage users to keep their contact information current for important notifications. Currently, a Rs 75 fee applies for this service. The waiver is exclusively for updates made through the Aadhaar mobile application.
NFO Alert: Tata Mutual Fund announces launch of Tata Multi-sector Passive FoF
Tata Mutual Fund has launched the Tata Multi-sector Passive FoF, an open-ended scheme investing in passive equity funds across various sectors. Aiming for long-term capital appreciation, it uses a rules-based approach with fund manager discretion to dynamically allocate to leading sectors, mitigating emotional bias and timing challenges for investors. The NFO is open until July 6, with a minimum investment of Rs 5,000.
EPFO interest rate update: When will 8.25% EPF interest be credited to your PF account?
8th Pay Commission news: Central government employees are anticipating the 8th Pay Commission's report, with some associations suggesting an early submission by January 2027 and potential salary hikes from April. Despite a November 2025 formation and an 18-month deadline ending May 2027, the commission's swift pace, aided by online processes, fuels optimism for a quicker payout. However, some experts believe a second-half 2027 submission is more probable.
Gold rate today: Gold prices saw a slight uptick today, June 22, 2026, with 22k gold jewellery at Tanishq priced at Rs13,475 per gram. Major retailers like Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas also reflect similar rates.
Vedanta Aluminium set for largecap upgrade in H2 CY26; power, oil & gas arms may turn smallcaps
Vedanta Aluminium is likely to be upgraded to the large-cap category in AMFIs H2 CY26 semi-annual reshuffle, while Vedanta Power, Oil & Gas, and Iron & Steel may be classified as smallcaps after the demerger, according to Nuvama Institutional Equities. AMFI may also revise market-cap cut-offs, raising the large-cap threshold and adjusting mid-cap limits based on prevailing valuations.
Global banks drive India asset-backed securities sales to record
Foreign banks share in total issuance grew to about 35% in the year ended March, from 28% to 30% in each of the preceding two fiscal years
