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JioBlackRock Flexi Cap Fund exits Vedanta group companies after demerger, sells 8 more stocks
JioBlackRock Flexi Cap Fund exited Vedanta group companies following the demerger of the entities in June, according to monthly portfolio data from ACE MF. The fund sold 8.16 lakh shares each of Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power, and Vedanta Oil and Gas after the demerged entities were listed on June 15, 2026.
EPFO update: 10 key changes new centralised system brings to EPF, EPS subscribers
EPFO has centralized its member database for faster and smoother service delivery. Annual interest for FY 2025-2026 will be credited by July 15, 2026. Advance withdrawal auto-settlement limits have been raised to Rs 5 lakh. Automatic PF account transfers will occur upon job changes without separate forms. EPFO services are now accessible from any PF office across India.
Around 59% of large and midcap stocks are trading at least 20% below their all-time highs after the recent market correction, creating attractive long-term investment opportunities, according to Abakkus Mutual Fund. The fund house believes improving earnings, reasonable valuations and active stock selection could drive the next phase of returns.
Explained: What are income plus arbitrage FoFs and why are wealthy investors buying them?
PFRDA has formed a committee to attract global pension capital into India. This committee, named ASCEND, will create a roadmap for collaborations. Indian pension funds will partner with global funds through co-investment platforms. This initiative aims to finance infrastructure and support economic development. NPS subscribers will benefit from diversification and long-term risk-adjusted returns.
State Bank of India draws over $1.5 billion in forex deposits
State Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of India subsidies. Depositors can leverage funds, earning more than their borrowing costs. Banks are expanding outreach to India's large diaspora globally. This initiative echoes a similar plan from 2013.
Resident and ordinarily resident individuals must report foreign assets. This disclosure is required in Schedule FA of the income tax return. Non-resident Indians and resident but not ordinarily resident individuals are exempt. Schedule FA requires reporting peak values and beneficial ownership details. Failure to comply can lead to significant penalties under the Black Money Act.
EPF Scheme 2026: Will you have to contribute more? New EPF and VPF rules explained
Salaried employees face a crucial tax decision between old and new regimes. The new tax regime offers lower tax liability across various income levels. However, substantial deductions can make the old tax regime more beneficial. Taxpayers should calculate their actual tax under both systems. This ensures the most tax-efficient choice for their financial situation.
Govt bonds pause after slump as oil, Treasury risks linger
The benchmark 6.94% 2036 bond yield was little changed at 6.7670% by 10:15 am
The Telangana High Court recently held that where an SBI employees' VRS application had already been accepted then his death before the formal retirement date would not defeat the claim of his family (legal heirs) to receive the VRS benefits. Read below to know more about what the Telangana High Court said.
Old Pension Scheme option extended to these government employees: Will others also get it?
The Council of Scientific & Industrial Research endorsed the Centre's decision on pension options. This move allows compassionate appointees to opt for the Old Pension Scheme. These individuals applied for jobs before January 1, 2004, but joined later. A key letter from the Department of Personnel facilitated this change for CSIR appointees. Other Central Autonomous Bodies may now follow this precedent for their employees.
Can a Rs 58,000 monthly SIP build a Rs 10 crore corpus in 16 years? Expert reviews portfolio
A Rs 58,000 monthly SIP with a 10% annual step-up may not reach the Rs 10 crore goal. Increasing the annual SIP step-up to 20% could exceed the target corpus. The expert suggests rebalancing market-cap allocation for better diversification. Shifting investments from gold and silver ETFs towards equity funds is advised. The portfolio requires adjustments to achieve long-term financial objectives.
Best tax saving mutual funds or ELSS to invest in July 2026
Taxpayers often invest in ELSS funds for Section 80C deductions. These funds offer potential for higher returns over the long term. ELSS schemes have a three-year lock-in period, shorter than other options. Investors should consider ELSS for long-term equity exposure and potential growth. Several ELSS funds are recommended for investment consideration.
Top AI jobs paying up to 80 LPA in India; heres a 6-month plan to land one
ITR filing: Don't let one small mistake cost you your tax refund; check these 12 points
Section 234B interest on updated ITRs: CPC's computation logic appears contrary to law
Taxpayers filing updated returns face incorrect interest charges. Centralised Processing Centre calculates Section 234B interest beyond tax payment dates. This leads to excess demands and additional income tax levies. The law mandates interest cessation upon full tax payment before filing. Taxpayers should seek rectification for these erroneous demands.
Sanlam increases stake in Shriram Life Insurance to power growth ambitions
The capital infusion will strengthen Shriram Lifes balance sheet, fund technology upgrades, and accelerate expansion into rural and under-served markets
PhonePe appoints Srijon Biswas as CTO
PhonePe co-founder Rahul Chari to take on role of CPTO
Indian Bank, VIT Chennai felicitate PSBS Hackathon 2026 winners for anti-fraud innovations
The hackathon focused on developing innovative solutions to detect and prevent banking fraud, including mule accounts and supply chain fraud
National Payments Corporation of India seeks approval to set up techfin centre in GIFT City
NPCI seeks approval to establish a techfin centre in GIFT City, enhancing Indias digital payment and financial technology landscape.
Binance's Richard Teng on crypto's role in modern financial infrastructure
Digital asset infrastructure is increasingly driven by efficiency and market access. Blockchain networks offer faster settlement and continuous risk management capabilities. Tokenisation and multi-asset platforms are reshaping financial distribution models. Clear regulation will significantly shape mainstream adoption of these technologies. India's digital public infrastructure may benefit from these evolving market structures.
HDFC Flexi and Parag Parikh Flexi Cap among top 5 flexicap funds with highest risk-adjusted returns
Sharpe ratio measures risk-adjusted returns by comparing excess returns to risk. Here are the five flexicap mutual funds with the highest Sharpe ratios and their three-year performance.
Investing through SIP? These 5 equity mutual funds deliver over 20% return in 10 years
Five equity mutual funds delivered over 20% annualised SIP returns in 10 years, led by Quant Small Cap. Investors should prioritise risk profile, goals, and investment horizon over past performance.
PGIM India Mutual Fund has temporarily suspended subscriptions in three international fund of funds from July 9, citing overseas investment limits. Fresh SIP registrations will not be accepted after the cut-off time on July 8, while existing SIP and STP instalments will continue without interruption.
KFintechs Finex accelerates same-day physical SIPs to redefine wealth creation
KFintech's Finex program significantly reduces mutual fund SIP processing times. Physical SIP registrations now achieve same-day activation, a major improvement. This transformation leverages AI and automation for efficient data handling.
Parag Parikh Flexi Cap increased stake in ITC, TCS, HCL Technologies, and 14 other stocks in June
Parag Parikh Flexi Cap Fund increased its holdings in ITC, TCS, HCL Technologies and 14 other stocks in June, while trimming exposure to Dr Reddys Laboratories and Maruti Suzuki India. The fund also added Petronet LNG as a new portfolio entrant and made no complete exits during the month.
Crypto firms prepare defenses as quantum threat to encryption draws nearer
Quantum computers can solve complex mathematical problems much faster than today's sophisticated computers, and could be used to unscramble conventional methods for encrypting digital information
ITR filing 2026: Step-by-step guide to filing ITR-2 online on the income tax portal
Individuals and HUFs not eligible for ITR-1 can file ITR-2 online. This guide details the necessary documents and steps for submission. The e-filing portal requires filling specific schedules before final submission. Pre-filled data in Part A General needs verification and potential profile updates. E-verification must be completed within thirty days after submitting the return.
Senior citizen paid Rs 1.23 lakh extra to upgrade to Air India business class due to his cervical spondylosis condition but seats turned to be faulty causing him neck, shoulder, lumbar pain and vertigo; NCDRC upheld Rs 20lakh compensation, refund order Read below to know how the senior citizen won the case.
Income tax slabs for Tax Year 2026-2027, FY 2025-26 (AY 2026-27) under the new tax regime
The new Income Tax Act, 2025, takes effect from April 1, 2026, maintaining current tax slab rates. Highest tax rate remains 30% for incomes exceeding Rs 24 lakh under this regime. Marginal relief prevents excessive tax burdens when income slightly crosses Rs 12 lakh. The new tax regime is now the default option for individual taxpayers. Salaried individuals benefit from a Rs 75,000 standard deduction and tax rebate.
I have become a foreign citizen. Can my mother make me a joint owner in her property in India?
ET Wealth Reader's Query: I am a foreign citizen and an only son. My mother wants to make me the joint owner in a property that belongs to her. Is this permitted in India considering that I now have a foreign citizenship?
RBI backs crypto ban, tax department warns of evasion risks, documents show
India's central bank has reiterated its preference for a cryptocurrency policy leaning towards prohibition, warning that crypto assets and stablecoins could threaten financial stability and monetary sovereignty, according to internal government documents reviewed by Reuters.
Quant Small Cap Fund exits RIL, 8 others; raises exposure to two Adani stocks. Check full list
Quant Small Cap Fund made a major portfolio reshuffle in June, exiting Reliance Industries and eight other stocks while increasing exposure to Adani Enterprises, Adani Green Energy and 13 more companies. The fund also added Bharti Airtel, IDFC First Bank and LIC Housing Finance as new portfolio entrants.
Gold prices saw a slight decrease today across major Indian jewellery retailers. Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reduced their 22-carat gold rates. These price adjustments were observed in key cities nationwide.
Suggests higher limits for renewable energy, education and new categories for infrastructure, climate finance
The Income-tax Act, 2025 introduces a new audit trigger for businesses. This change clarifies audit requirements for low-profit businesses under presumptive taxation. Previously, ambiguity existed regarding mandatory audits for lower profit declarations. The new Act expressly links lower-than-presumptive profit declarations to mandatory audits. This amendment brings greater certainty to tax compliance for small businesses.
Non-resident Indians (NRIs) and overseas citizens of India (OCIs) can consider investing in FCNR(B) and NRE fixed deposits to achieve reliable returns. While FCNR(B) deposits safeguard against currency fluctuations as they are held in foreign currency, NRE deposits offer opportunities in Indian rupees without such protection. Ultimately, your decision should align with your currency expectations and future financial objectives. Both investment avenues are tax-exempt and allow full repatriation.
Many taxpayers mistakenly believe that rental income from a house gifted to a spouse is taxable in the recipient spouse's hands. This article explains the clubbing and deemed ownership provisions under Sections 27 and 64, the correct ITR reporting requirements, and seven key things taxpayers should know before filing ITR for AY 2026-27.
Axis Bank loses three senior executives as leadership shake-up continues
Anil Agarwal, president and group head of institutional clients coverage, Vikas Shinde, who once headed the debt capital market team, and Jimmy Tavadia, group head of trading, have resigned from Axis Bank
Central government employees now have two new investment choices. These options were previously available only to central government employees. Now, National Pension System subscribers in Central Autonomous Bodies can also access them.
Consistently filing Income Tax Returns creates a verifiable financial document. Banks often request these returns to assess loan applicant income stability. ITRs also help demonstrate financial capacity for visa and study abroad applications. Landlords and businesses may seek ITRs for tenancy and partnership evaluations. Preserving complete tax records is crucial for future financial needs and compliance.
Home loan EMI looks affordable? These hidden costs that calculators miss can change everything
EPF Scheme 2026: Has EPFO increased 8.25% EPF interest rate? Know the new rules
Smallcap funds deliver 22% average return in 3 months. Is it time to invest, hold or rebalance?
Small cap mutual funds delivered an average return of 21.89% over the past three months, sparking debate on whether investors should continue SIPs, invest afresh or rebalance portfolios. Experts advise sticking to long-term asset allocation, preferring staggered investments through SIPs or STPs, while cautioning that elevated valuations warrant selective exposure.
The Latest Home Loan Interest Rates: Jul 03, 2026
The Latest Home Loan Interest Rates: Jul 03, 2026
The Latest Fixed Deposit Interest Rates: Jul 03, 2026
The Latest Fixed Deposit Interest Rates: Jul 03, 2026
ITR processed but something's off? The rectification request explained step by step
Break the cycle: How a simple 'no-buy' rule is beating inflation one impulse at a time
Missed your term insurance premium? Here's what happens to your policy, claim, and life cover
Missing a term insurance premium does not immediately cancel coverage. A grace period allows payment, and nominees receive benefits if death occurs. Unpaid premiums after the grace period cause the policy to lapse, stopping life cover. Lapsed policies can be revived within five years, often requiring health checks.
Who should consider investing in income plus arbitrage FoFs?
Investors with a 24-30 month horizon are choosing income plus arbitrage funds. These funds combine debt and arbitrage schemes for stability and tax efficiency. The category manages over twenty-three thousand crore rupees across twenty-two schemes. This investment strategy offers tax benefits compared to fixed deposits and debt funds. Wealthy investors are increasingly allocating capital to these tax-efficient mutual fund options.
RBI lending curbs dent proprietary trading, drag derivatives turnover lower
Average daily derivatives turnover on the NSE and BSE down 25% and 30%, respectively, over the last four trading sessions
Rupee logs biggest single-day gain in over 3-weeks; closes below 95-mark
The Indian unit closed 44 paise stronger at 94.96 per US dollar
RBIs first monthly NBFC credit data shows 14.2% growth in May 2026, led by retail lending
Retail lending remains the sectors growth engine, with gold loans surging nearly 70 per cent and consumer durable finance rising 42 per cent year-on-year in May 2026
SBI eco research team says time opportune to revise priority sector lending guidelines
The RBI had devised PSL mechanism in 1972 to ensure credit flow to underserving sectors
CBI files chargesheet in Reliance Commercial Finance Ltd bank fraud case
The CBI has so far arrested Amitabh Jhunjhunwala, former Vice Charman of Reliance Capital Ltd, Devang Pravin Mody, former CEO of RCFL, and Amit Bapna, former Chief Financial Officer of Reliance Capital Ltd.
Existing tax benefits and approvals will continue under the Income Tax Act, 2025. Pending applications filed before March 31, 2026, will be processed under the new law. Lower or nil TDS certificates issued previously remain protected and valid. New applications filed after April 1, 2026, will follow the 2025 Act. Taxpayers need not take additional action for this transition.
India's UPI to integrate with Indonesia's payment system, says PM Modi
President Prabowo Subianto also confirmed that both countries will work on establishing cross-border QR payment linkages
8th Pay Commission latest news: Railway inspection, Odisha meetings and other key updates explained
One co-owner can evict tenants without others' formal consent. The Bombay High Court and Supreme Court have upheld this right. This principle allows a co-owner to act as an agent for others. However, objections from other co-owners can weaken the eviction case. Documenting consent and avoiding ownership changes during litigation is crucial.
Top 5 largecap mutual funds to invest in July 2026
ETMutualFunds has shortlisted the top largecap mutual funds based on mean rolling returns, consistency over the last five years, downside risk, outperformance and asset size. The list includes Axis Large Cap Fund, Canara Robeco Large Cap Fund, Mirae Asset Large Cap Fund, Baroda BNP Paribas Large Cap Fund and Edelweiss Large Cap Fund.
SBI Funds Management draws top sovereign funds in $1.2 billion IPO
The IPO, likely to open next week, will kick off a busy pipeline of public offerings for India in the second half of the year
Planning investments in midcap mutual funds? Check these 5 funds with over 20% gain in 3 years
Five midcap mutual funds delivered over 20% annualised returns in the past three years, led by HSBC Midcap Fund at 26.3%, highlighting strong wealth creation despite market volatility.
Elder sister gave the house to a brother via registered Will but other other brothers occupied the house with an alleged unregistered Will; Andhra High Court upholds registered Will and rejects other brother's claim on unregistered Will's basis. Know what did Andhra Pradesh High Court say about the Will.
8th Pay commission latest news: When will 8th Pay Commission visit Kolkata?
Explained: How to calculate your retirement corpus while accounting for inflation
Gold prices saw a decline across major Indian jewellery brands today. Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower rates. These price drops were observed in cities like Delhi, Mumbai, and Chennai.
Twelve equity mutual funds achieved over Rs 1,000 NAV by July 2026. These funds delivered up to 24% CAGR since their respective inception dates. Most schemes have been available for over twenty-five years in the market. Nippon India Growth Mid Cap Fund showed the highest NAV at Rs 4,499.70. These funds represent various categories including mid cap and flexi cap.
Borrowers take note: HDFC Bank revises lending rates for different tenures; check updated list
HDFC Bank has adjusted its MCLR rates, with changes effective July seventh, 2026. The overnight MCLR decreased by five basis points, while longer tenors saw increases. One-year and three-year MCLRs rose by five basis points each.
Think 12.75 lakh salary means zero tax? These incomes may still attract tax
The Employees Provident Fund Organisation has finished a major system upgrade and database consolidation. Some EPFO services are temporarily unavailable on the UMANG app due to this migration.
International mutual funds have delivered strong one-year returns, significantly outperforming domestic equity categories. This outperformance is largely driven by global technology stocks and currency depreciation against the US dollar. Experts advise against chasing recent gains, emphasizing long-term asset allocation for international diversification. While international funds show strong recent performance, domestic equity funds remain well-placed for long-term wealth creation.
Best small cap mutual funds to invest in July 2026
Small cap funds saw significant inflows in May 2026 after a poor 2025. Despite market volatility, advisors suggest staggered investments for long-term wealth creation. These funds invest in companies ranked below 250 by market capitalization. Small cap stocks offer high return potential but also carry considerable risk. Investors should select skilled fund managers and monitor performance during downturns.
Central government employees' union requested simpler recovery waivers for excess payments. The DoE secretary assured examination of these demands with DoPT. Audits often identify past overpayments, leading to salary deductions. NC-JCM argues these are administrative errors, not employee fault. They propose delegating waiver powers to department heads for faster resolution.
Worlds smartest investors are turning to fine wine and rare whisky. You can too! 9 things to know
New EPF Scheme, 2026: What existing and new PF subscribers should know
India's Employees' Provident Fund (EPF) is undergoing a significant modernization with the EPF Scheme, 2026. Existing subscribers will see continuity in their balances and membership, while new entrants will find a clearer framework for contributions and benefits. A key change involves increased flexibility for voluntary contributions, allowing employees to build larger retirement funds.
IDFC FIRST Bank launches EPFO-integrated PF payment services for businesses
The bank said the service will help businesses improve cash flow management and ensure timely statutory compliance
K Ram KumarThere are 33 banks currently operating in the IFSC, comprising 15 foreign banks, 10 private sector banks and 8 public sector banks
Intellect Design Arena signals strategy around AI-first banking
In the companys annual report for FY25-26, Intellect Design Arena said that financial institutions are increasingly embedding AI across enterprise operations
Bitcoin reclaims $63,000 as ETF inflows, easing macro concerns lift crypto sentiment
From a technical perspective, analysts see the $65,000-$70,000 range as the next major resistance zone for Bitcoin
Gold loans overtake vehicle loans as top securitised asset class in Q1: Crisil
Gold loans accounted for 31% of securitisation volumes, driven by strong NBFC portfolio growth and healthy investor demand
Private insurers commission payouts on the rise, mis-selling risk grows: RBI
IRDAI is expected to announce new norms on commissions soon
What the NMC case means to BankofBaroda investors
Bank of Barodas $600 million settlement could significantly affect current quarter earnings and weigh on investor sentiment
Amit Shah announces cooperative life insurance company; Bharat Taxi to expand to 500 cities
He also unveiled reforms to modernise cooperatives through PACS expansion, e-PACS, storage infrastructure and merit-based hiring.
New rules under the Income Tax Act 2025 are set to curb tax evasion by limiting cash transactions. Individuals cannot receive over Rs 2 lakh in cash from one person daily. Loans, deposits, and repayments exceeding Rs 20,000 must be cashless.
Income Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Other Income' column under the Exempt Income Schedule. This allows taxpayers to voluntarily disclose non-taxable receipts that don't fit specific categories, like rural agricultural land sales or gifts from relatives. Experts advise this proactive reporting to prevent potential tax notices and mismatches with departmental records, especially for substantial transactions.
Want Rs 50,000 every quarter from SCSS? Check how much you need to invest
Senior citizens can now secure a steady income with the Senior Citizens' Savings Scheme (SCSS), which offers an attractive 8.2% interest rate. To generate approximately Rs 50,000 quarterly, an investment of around Rs 24.40 lakh is required.
How much should you invest through SIPs to build Rs 1 crore? Use this calculator
Learn how to calculate the monthly investment needed to build a Rs 1 crore corpus using Excels PMT function or a manual formula. The guide explains assumptions, calculation steps, and how changing returns, goals or timelines affects required investments for better financial planning.
