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Know Your Fund Manager | Satish Donadapati, Fund Manager, ETF, Kotak AMC
In this edition of Know Your Fund Manager, Satish Donadapati, Fund Manager ETF at Kotak AMC, shares his journey from an Army upbringing to managing passive funds. He discusses his career path, transition into portfolio management, and current responsibility of overseeing 19 ETFs and 23 Index Funds with a combined AUM of Rs 20,440 crore, while highlighting his investing philosophy.
RBL Bank among 5 smallcap stocks bought by mutual funds in June. Check details
Mutual funds bought select small-cap stocks in June, with Acme Solar Holdings, Craftsman Automation, Pine Labs, Sterlite Technologies and RBL Bank among the top picks, according to Dolat Capital.
ICICI Prudential AMC among top 5 midcap stocks with highest MF selling in June
Patanjali Foods, ICICI Prudential AMC, IREDA, NMDC and Oil India saw the highest net selling by mutual funds among midcap stocks in June, according to a Motilal Oswal Financial Services report.
IDBI Bank sale move faces call for review on governance, sovereignty grounds
Proposal raises concerns of constitutional governance, economic sovereignty, parliamentary accountability and long-term national interest, says officers and employees union
Mutual Fund NFOs: 5 new funds open for subscription this week. Check dates, details
SBI Mutual Fund among 6 AMCs with over Rs 7,000 crore AUM jump in June. Check details
Six AMCs saw their AUM rise by over Rs 7,000 crore in June, according to ACE MF data. SBI Mutual Fund led the pack with an increase of Rs 14,192 crore, followed by Aditya Birla Sun Life, HDFC, Invesco, Nippon India and HSBC Mutual Fund.
Daughter married and settled in USA lost partition case in HC for getting share in family lands in Bengaluru for this reason; Know more. Know why did she lose the case in Karnataka High Court. Also know what does Hindu law say.
HDFC Bank Q1 profit up 5%; CEO signals growth push says bank is on the cusp of pressing the pedal
The banks net profit rose by about 10% this quarter after adjusting last years profit for HDB Financial Services IPO gains, provisions, and tax credits
ICICI Bank posts 16 per cent growth in Q1 profit at 14,805 crore; NIM remains stable
Indias second largest private sector bank had recorded a net profit of Rs 12,768 crore in the year ago period
Lower provisioning and recoveries boost Axis, Kotak and IDBI profit in Q1; YES Bank bucks the trend
Lower provisioning and strong recoveries helped Axis Bank, Kotak Mahindra Bank and IDBI Bank post healthy profit growth in the June quarter, while YES Bank delivered a strong performance driven by the strength of its core earnings engine
Kotak Mahindra Bank posts 26% rise in Q1 net profit
NIM narrows to 4.53% even as advances, deposits and fee income post healthy growth
Punjab & Sind Bank registers over 23% rise in Q1 net profit
Net profit increased to 331 crore in the April-June quarter, up from 269 crore
Axis Bank Q1 net profit rises 23% on strong margins, asset quality improves
Total income rose 6% to 40,721 crore from 38,322 crore last year; Net Interest Income increased 8% to 14,646 crore, with a Net Interest Margin of 3.46%
HDFC Bank profit rises 5% to 19,060 crore in Q1
However, the total income of the bank in the quarter under review dropped to 92,184 crore from 99,200 crore in the same period a year ago
ICICI Bank Q1 net profit jumps 13.88% to 15,440 crore
The banks standalone net profit rose 15.95% to 14,804 crore for the April-June quarter, up from 12,768 crore a year earlier
Employee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and gives him relief from tax. Know how this empoyee won the case in ITAT Pune.
HDFC Bank, RIL, and Eternal among top 10 stock holdings of HDFC Mutual Fund in June
HDFC Mutual Fund held top positions in ICICI Bank, HDFC Bank, Axis Bank, RIL and Eternal in June. Check the fund houses top 10 stock holdings and portfolio changes.
Kotak Mahindra Bank Q1 profit up 22.6% to 5,480.46 crore
On a standalone basis, net profit of the bank stood at 4,122.96 crore in the June 2026 quarter, as compared to 3,281.68 crore in the year-ago period
Lenskart and Meesho among 5 midcap stocks bought by mutual funds in June
Mutual funds bought five midcap stocks, including Lenskart, Meesho, JSW Infrastructure, NHPC and Ajanta Pharma, in June. These stocks witnessed net purchases worth over Rs 10,000 crore during the month.
7 mutual funds reduced allocation in 21 smallcap stocks in June. Check details
Seven mutual funds, including SBI, HDFC, Kotak and Quant Mutual Fund, trimmed holdings in 21 small-cap stocks in June. Check the complete list of stocks where fund houses reduced exposure.
Punjab National Bank Q1 net profit surges over three-fold to 5,200 crore
Asset quality improves as retail, MSME and agriculture lending gains momentum
Axis Greater China Equity FoF among 8 equity mutual funds that saw over Rs 220 crore outflow in June
Eight equity mutual funds, including Axis Greater China Equity FoF, Motilal Oswal Nasdaq 100 FOF and ICICI Pru Technology Fund, witnessed outflows exceeding Rs 220 crore in June
Axis Bank Q1 net profit rises 22.5% as lower provisions boost earnings
Net interest income rose 8 per cent, but higher funding costs, weaker non-interest income and elevated operating expenses kept operating profit growth at just 1.3 per cent
Q1 Results Today, 18th July 2026 Live Updates: Catch all the live updates here
Indian banks seen poised for strong FY27 on robust credit growth and healthy asset quality
Strong loan demand, improving deposits and policy support expected to drive earnings
Samir Arora-backed Helios Mid Cap Fund adds Groww, 4 more stocks; hikes stake in Paytm and 29 others
Samir Arora-backed Helios Mid Cap Fund added Groww parent Billionbrains Garage Ventures and four other stocks to its June portfolio, while raising exposure to Paytm and 29 other companies. The fund exited five stocks, trimmed its stake in Black Box and retained holdings in 32 stocks unchanged.
A recent ruling clarifies children's birthright in inherited property. Mitakshara Hindu law states self-acquired property does not grant automatic birthrights. The source of the father's title determines if property is ancestral or self-acquired. Children can still inherit self-acquired property through succession laws or a Will. This ruling impacts claims based solely on birthright in such cases.
Can the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains when third-party documents are not enough and the important rights every property buyer should know.
Sebi clears standing instructions for SWP, STP in demat-held MFs
Sebi now permits demat mutual fund investors to set up standing instructions for systematic plans. This facility, previously for statement of account holders, will be phased in. Unit-based SWPs and STPs will be covered by January 2027. Amount-based plans will follow by April 2027. Amfi also simplified mutual fund unit transmission procedures after a unit holder's death.
Gold rate today: Gold prices remained a key focus for consumers on Saturday, July 18, 2026. The India Bullion and Jewellers Association provided indicative rates for various gold and silver purities.
FD rate up to 8.05% for senior citizens investing for five years; Know list of banks
Some banks offer senior citizens fixed deposits with interest rates up to 8.05 percent. These deposits are available for a five-year term and up to Rs 3 crore. Banks deduct tax at source if FD interest exceeds Rs 1 lakh annually. Senior citizens can submit Form 15H to avoid TDS if their tax liability is zero. This form helps banks understand tax eligibility based on income and rebates.
Bank holiday today: Customers who had planned to visit their local bank branch for banking services such as cash deposits, cheque clearances, demand drafts or updating passbooks are left wondering if they should go to complete their tasks today.s.
Financial planning for retirement: Early retirement necessitates careful financial planning for extended periods. A Rs 1 crore corpus may prove insufficient for early retirees in India. Experts suggest a diversified investment strategy for long-term financial security. This approach balances regular income with growth to combat inflation. Strategic asset allocation and disciplined withdrawals are crucial for sustainable retirement.
RBL Bank to leverage Emirates NBD network for NRI deposits, trade finance
Lender has already mobilised $150 million under FCNR(B) scheme; expects margins to improve from Q2
Central Banks Q1FY27 net profit up 13% at 1,324 cr
The public sector bank had reported a net profit of Rs1,169 crore in the year ago quarter
RBI moves closer to polymer banknotes
Central banks subsidiary floats EoI for manufacture, supply of sheet for plastic currency
Federal Bank logs 36.50% increase in Q1 FY27 net profit at 1,177 crore
The Banks board on Friday approved raising of funds in Indian currency or any other permitted foreign currency by way of issue of debt instruments up to 10,000 crore on a private placement basis
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
Sebi introduces standing instructions for SWP, STP in mutual funds in demat holdings
Sebi has allowed SWP and STP standing instructions for mutual fund units held in demat form, simplifying investing. The rollout will occur in two phases, with unit-based transactions by January 2027 and amount-based transactions by April 2027 through depositories.
Banking services must reach every village: Sitharaman
The FM and AP Chief Minister distribute 3,216 crore in loans to over 1.03 lakh beneficiaries in Palnadu, AP
Is RBI asking people to pay Rs 7,500 in tax to get Rs 1 lakh payment? Heres the truth
A fake Reserve Bank of India letter is misleading people about pending payments. It falsely claims a Rs 1 lakh payment is on hold due to transaction failure. Recipients are asked to pay Rs 7,500 as a refundable tax to release funds. The Press Information Bureau's Fact Check unit has flagged this letter as fake. The public is urged not to fall for such fraudulent schemes.
Fresh SIP options in international mutual funds have narrowed sharply, with only Baroda BNP Paribas Aqua FoF accepting new investments after multiple fund houses halted inflows due to SEBIs overseas investment limits. Investors are exploring LRS, GIFT City and global ETFs as alternatives.
AMFI simplifies mutual fund transmission process to make claim settlement easier for nominees
AMFI has simplified mutual fund transmission procedures for deceased unit holders. New measures consider address and name mismatches for smoother claims. Asset Management Companies will now rely on updated address details supported by documentation. A harmonized framework for name and signature discrepancies is also introduced. These updated guidelines are effective immediately for all member AMCs.
SBI, ICICI Prudential among 6 mutual funds to add 13 new smallcap stocks in June
RBI fixes underwriting commission rates for 32,000 crore government securities auction
For the 6.03% Government Security 2029, which has a notified amount of 11,000 crore, the RBI fixed the underwriting commission cut-off rate at 0.44 paise per 100
ICICI Prudential Flexicap Fund turns Rs 10,000 monthly SIP into nearly Rs 9 lakh in 5 years
ICICI Prudential Flexicap Fund turned a Rs 10,000 monthly SIP into Rs 8.47 lakh over five years ending June 30, 2026, delivering an XIRR of 13.83% on a total investment of Rs 6 lakh. During the same period, the BSE 500 TRI generated an XIRR of 10.43%. The fund also reported strong three-year and one-year SIP returns.
Central Bank of India Q1 results: Profit jumps 13% to 1,324 cr
Total income rises to 10,678 crore during the June 2026 quarter from 10,360 crore in the same period of FY26
Automatic EPF transfer on switching job: Who can access this facility and who will be left out?
The new EPF reforms introduce automatic fund transfers when changing jobs. This facility requires an Aadhaar-linked and KYC-compliant Universal Account Number for members. Employees in private and exempted EPF organizations will not receive this automatic transfer. Members can check their previous work history on the EPFO portal for verification. Several digital reforms aim to simplify claims and improve member services.
Universally known as the Father of Indexing, Bogle had introduced the first indexed fund for individual investors in 1976. So, when it comes to compounding, it wont be wrong to assume that Bogle knew what he was talking about when he said that investors also need to know a crucial detail beyond the magic of compounding.
PSBs expect to raise $30 bn from RBIs overseas deposit scheme, sources say
RBI had announced a zero-cost foreign-exchange swap facility for deposits raised from non-resident Indians on June 5
Gold rate today: Gold prices saw a slight decrease on Friday, July 17, 2026. Here's a look at the latest 22-carat and 24-carat gold rates across leading jewellery brands such as Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers today.
IDBI Bank privatisation: Officers, staff to go on nationwide strike on July 27
The move has caused deep concern among employees with respect to job and social security benefits, including pension, the forum says
Despite court order husband did not pay maintenance to wife; she files case to stop his pension on this ground but loses case in Madras HC for this reason. Keep reading to know why the wife lost the case in Madras High Court.
Unity Small Finance Bank has revised its fixed deposit interest rates. Senior citizens can now earn up to 8.50% on a 501-day fixed deposit. Regular customers will receive 8.00% interest on the same tenure. The bank also offers 7% interest on savings accounts for larger deposits. A 1.00% penalty applies for premature fixed deposit withdrawals.
Old Pension Scheme: These government employees can now opt for OPSwill more get the same benefit?
When Mr Rawat from Doonga Bazaar, Kangra, Himachal Pradesh came to Noida, Uttar Pradesh to study B.Tech at IILM University, Greater Noida, for the first semester on August 17, 2023, he booked a hostel in Knowledge Park-III. Within one week of his stay, Rawat faced severe deficiencies. The food provided was sub-standard, maintenance was neglected and the promised Wi-Fi facility/password was never shared.
Bank earnings ahead: What to look out for amid margin boost hopes, leadership changes?
Foreign currency deposits from non-residents should improve liquidity after the RBI said it would bear the cost of currency hedging, says Nomura
Global interest in GIFT City is booming: JPMorgan says in talks with 100 multinationals
Banking assets in GIFT City doubled to more than $100 billion as of September compared with two years earlier
Why your tax refund might be stuck and what to do about it
The next frontier in multi-asset investing is adaptability
Diversification on paper does not always translate into diversification in practice. Inside AlphaGreps multi-asset allocation fund and its novel proposition, where risks are adjusted in response to shifting market signals.
Barclays sees FCNR inflows falling short of market hype
According to the report, expectations may have been inflated by comparisons with the RBIs successful 2013 FCNR scheme
Banks have to dispose of specified non-financial assets acquired from a borrower within 7 years: RBI
The central bank noted that a bank generally does not transact in immovable assets as part of its core business operations, except in exceptional cases
Jio Financial Services Q1 net profit zooms 156% to 830 crore
The NBFCs assets under management (AUM) rose 2.6 times from 11,665 crore as at June-end 2025 to 30,667 crore as at June-end 2026
Piramal Finances Q1 FY27 consolidated net profit jumps 67% to 461 crore
The non-banking finance companys board on Thursday approved a fund raise of up to 4,000 crore
Exim Bank India presents 428 crore dividend cheque to FM Sitharaman for FY26
Bank posts 32 per cent y-o-y rise in net profit to 4,273 crore
Shriram AMC announces Refreshed Fund Opportunity for its three hybrid funds
Shriram AMC has refreshed the investment framework of three hybrid funds, introducing a research-driven, dynamic asset allocation strategy across equity, debt, gold and silver. The move aims to improve diversification, manage risk and support long-term wealth creation across market cycles.
Leading private sector banks streamlining employee base
This workforce streamlining coincides with a strategic expansion of branch networks, as these banks shift toward automated processes to enhance customer experience and reduce costs.
Cost Inflation Index (CII) for Tax Year 2026-27 notified: Here's what it means for capital gains tax
The Income Tax Department has announced the Cost Inflation Index for the upcoming tax year. This index, set at 384, will adjust asset acquisition costs for capital gains. It becomes effective from April 1, 2026, impacting future tax calculations.
Can banks increase FD interest rates as inflation crosses RBIs target of 4%?
Rising inflation has crossed the Reserve Bank of India's target, signaling potential repo rate hikes. Higher inflation and increased credit demand suggest banks might raise fixed deposit interest rates soon. Banks monitor deposit growth and credit demand before adjusting their fixed deposit rates. High yields on government securities and small savings schemes also pressure banks to increase FD rates.
Citigroups Indian clients shift focus to Rupee volatility
The rupee has weakened about 11% against the dollar over the past year, the worst-performing Asian currency over the period
Quant Mid Cap Fund exits Reliance Industries and 3 others, adds BHEL, 1 other stock in June
Quant Mid Cap Fund exited Reliance Industries and three other stocks in June while adding BHEL and L&T Technology Services to its portfolio, according to ACE MF data. The fund sold 21.38 lakh RIL shares worth Rs 282 crore and also exited PB Fintech, Torrent Pharmaceuticals and Oracle Financial Services Software (OFSS) during the month.
ITAT overturns STCG tax on Gujarat house sale: When Kaminiben from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, which she had originally bought in 2005 for Rs 1.94 lakh, the tax dept issued her tax notices. However, as she was living abroad as an NRI at the time, she could not respond to them.
50 lakh to 1.4 crore: Heres how you can build more than 1 crore corpus by just extending your PPF
Gold price today: Gold prices remained a key focus for buyers on July 16, 2026. Checking the latest gold rates across leading jewellers can help you make an informed decision when buying gold. Here's a look at the latest 22-carat gold prices at Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers today.
SBI, Quant among 5 mutual funds that made complete exit from 11 midcap stocks in June
Five mutual funds exited 11 midcap stocks completely in June, including Tube Investments, Dixon Technologies, PB Fintech, and Kaynes Technology, as AMCs actively reshuffled portfolios, according to Nuvama.
SGB premature redemption exit date: This gold bond has turned Rs 1 lakh investment into Rs 4.18 lakh
The Reserve Bank of India has set the redemption price for SGB 2019-20 Series-II. Investors can redeem these bonds prematurely starting July 16, 2026. The redemption value is fixed at Rs 14,199 per unit of SGB. This represents a significant return of nearly 319% on the initial investment. Investors will receive this amount excluding the annual interest payments.
HDFC Flexi Cap among 7 mutual funds that multiplied investors' wealth up to 22x in 20 years
Seven equity mutual funds created exceptional long-term wealth, multiplying investors money up to 22.4 times over 20 years, led by Nippon India Growth Mid Cap Fund, according to FundsIndia.
JioBlackRock Mutual Fund files draft papers with Sebi for 2 new schemes
JioBlackRock Mutual Fund has filed draft documents with Sebi to launch two new schemes: the JioBlackRock Corporate Bond Fund and the JioBlackRock Nifty 50 ETF. The Corporate Bond Fund will predominantly invest in AA+ and above-rated corporate bonds, while the Nifty 50 ETF will passively track the Nifty 50 Index, expanding the fund house's passive and fixed-income offerings.
ITR 2026: Common income tax return filing mistakes that cost employees lakhs
A careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensuring that all eligible deductions and benefits are correctly claimed. The Income Tax Return (ITR) filing due date for salaried individuals is July 31, 2026 if they are not liable for tax audit.
Blackstone sets up infra platform in India, names Ami Momaya as division MD
Blackstone has over $50 billion worth assets under management in India
Presumptive taxation: Why some taxpayers could pay more tax under the new Income Tax Act
Government support for FCNR(B) deposits until September 2026 has sparked renewed investor interest. Banks are now offering higher interest rates on these foreign currency accounts. Non-Resident Indians can benefit from avoiding Indian currency depreciation risks.
NFO Insight: Can Abakkus Large & Mid Cap Fund help investors navigate volatile markets?
Abakkus Mutual Fund has launched its third equity NFO, the Abakkus Large & Mid Cap Fund. This new fund aims to navigate volatile markets by investing in growth companies and established businesses. The fund employs an in-house MEETS framework for evaluating long-term value creation potential. Experts suggest caution with NFOs due to the absence of a performance track record.
UPI credit line explained: How to pay now, settle later without a credit card
HDB Financial shares rise over 4% after record Q1 profit, brokerages lift target prices
HDFC Bank arm HDB Financial Services reported a net profit of 785 crore for the quarter ended June 30, 2026, a 38.3% y-o-y increase from 568 crore in the corresponding quarter last year
Stripe and Advent offer $53 billion to acquire PayPal
If completed, the deal would create one of the worlds largest digital payments companies, processing nearly $3.7 trillion in annual payment volume
ITR filing: Should you keep printouts of all your tax documents, or are digital copies enough?
Taxpayers must retain income tax documents for several years after filing returns. Digital copies are generally sufficient, but original physical records are vital for ownership. Documents depend on income sources, including salary, capital gains, and business income. Keeping records helps respond to tax notices and supports future tax calculations.
Foreign assets in AIS: CBDT sets the stage for Foreign Assets of Small Taxpayers Disclosure Scheme
The CBDTs decision to upload foreign financial information into taxpayers annual information statements may be more than an administrative exercise. Read alongside the Finance Act, 2026, it appears to set the stage for the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026, and signals a new era of tax transparency.
