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Five smallcap mutual funds delivered up to 26% annualised returns over three years as of July 29, 2026, according to ETWealth data. Bandhan Small Cap Fund led the pack with 25.8% CAGR, followed by ITI, Invesco, Bank of India, and Mahindra Manulife, while older category peers trailed behind.
In this edition of Know Your Fund Manager, Rajasa K., Vice President and Portfolio Manager at Templeton Global Investments, shares her career journey from equity research to managing hybrid and equity schemes. She discusses her GARP-focused investment philosophy, risk assessment framework, and the responsibility of managing retail investors' money.
New fund offers: 9 mutual funds and 2 SIFs will open for subscription this week: Check details
Nine new mutual funds and two Specialized Investment Funds (SIFs) are opening for subscription this week starting August 10. Offers include schemes from Aditya Birla Sun Life, SBI Mutual Fund, UTI, Bandhan, Zerodha, and WhiteOak Capital, catering to equity, arbitrage, hybrid, liquid, and ETF investment preferences.
Rajya Sabha to take up Taxation Laws Amendment Bill, Bankers' Books Evidence Bill tomorrow
The 'Taxation and Other Laws (Amendment) Bill, 2026 ' seeks to amend the Payment and Settlement Systems Act, 2007, Income-tax Act, 2025, and Finance Act, 2026
Top 9 equity mutual funds deliver over 10% return last week, tech funds lead: Check details
Nine equity mutual funds delivered over 10% returns during August 3-7, 2026, led by technology sector funds like SBI Technology Opportunities and Aditya Birla Sun Life Digital India Fund. Auto and commodity-focused funds also featured in the top gainers list among 611 schemes evaluated by ACE MF.
Government clarifies UPI users will not be charged, says MDR may apply to select merchants
Finance Ministry said, Consumers making payments will not face any transaction charges and that all Person-to-Person transactions will continue to be free of charge
UPI transactions will remain free for consumers, says Phonepe CEO
The current debate about the UPI ecosystem is not about changing the fundamental design principles
Unclaimed mutual fund dividends rise 15.7% to Rs 2,689 crore in FY26: Sebi
Unclaimed mutual fund dividends rose 15.7 percent to Rs 2,689 crore in 2025-26. Unclaimed redemption proceeds saw a slight decline of 0.5 percent during the same period. Combined unclaimed amounts in mutual funds reached Rs 3,811 crore by March 31, 2026. SEBI enhanced measures to help investors and nominees access their unclaimed holdings. Initiatives like DigiLocker integration and Niveshak Shivirs aim to reduce unclaimed assets.
For selling 600ml Pepsi at Rs 26 instead of Rs 25 MRP, husband working in wifes shop faced criminal prosecution; Bombay HC quashes case as wife made the sale, while husband had only prepared the bill after the sale. Know how he won case in Bombay High Court
Can NRIs open Sukanya Samriddhi Yojana account offering 8.2% interest rate?
Sukanya Samriddhi Yojana provides a favorable tax regime for parents budgeting for their daughters. Only resident Indian girls aged below ten qualify to open these accounts. The investment period spans fifteen years, with the account lasting twenty-one years.
Edelweiss Mutual Fund temporarily suspends SIPs and STPs in its 7 funds
Edelweiss Mutual Fund has suspended existing SIP and STP subscriptions in seven schemes from August 11, 2026, citing limited overseas investment headroom. Six affected funds are international schemes, while one is thematic. The suspension will continue until additional overseas investment capacity becomes available, with resumption subject to AMC discretion.
Quant Small Cap Fund adds SBI Funds Management, Caliber Mining and 11 others in July
Quant Small Cap Fund added 13 stocks in July, including SBI Funds Management, Caliber Mining and Hexaware Technologies. The fund exited four stocks and reduced exposure to seven others, while increasing holdings in 10 stocks. Its portfolio rose to 106 stocks from 97 in June, with AUM at Rs 34,069 crore as of July 31.
Edelweiss Nifty REITs & Realty Index Fund is open for subscription. Should you invest?
Edelweiss Mutual Fund has launched Indias first REIT-focused index fund, offering exposure to listed REITs and real estate companies through a single investment. The fund tracks the Nifty REITs & Realty Index, with a 60:40 REIT-to-realty allocation, targeting long-term investors seeking diversified real estate exposure.
5 equity mutual funds that delivered over 20% returns in 10 years for SIP investors. Do you own any?
Five equity mutual funds delivered over 20% annualised SIP returns over the past decade. Quant Small Cap led with 24.2%, followed by Nippon India Small Cap, Invesco India Mid Cap, Quant ELSS Tax Saver and Nippon India Growth Mid Cap. Investors should consider risk, goals and investment horizon beyond past performance.
Explained: Want to choose the right mutual fund? Check these 10 key ratios
Choosing a mutual fund requires more than examining past returns. Investors should assess risk-adjusted performance using metrics such as Alpha, Beta, Sharpe, Treynor, Information and Sortino ratios, along with standard deviation, semi-standard deviation and R-squared. These measures help compare funds, understand volatility, evaluate manager performance and determine suitability for individual investment goals.
Looking for mutual funds to invest in August? Here are 10 top picks
ETMutualFunds has shortlisted 10 equity mutual funds across five categories based on rolling returns, consistency, downside risk, outperformance and asset size for August.
PPFAS Mutual Fund CIO Rajeev Thakkar said the recent underperformance of Parag Parikh Flexi Cap Fund is neither unusual nor significant. He defended its long-term strategy, lower cash allocation, and private-bank exposure, including HDFC Bank. Thakkar said market volatility creates opportunities, while the fund avoids popular themes and sees potential in IT services amid AI disruption.
6 reasons you may get income tax notice even after meeting July 31 ITR filing deadline
Filing your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, discrepancies arise between reported earnings and the data the department holds. Additional sources of income, misreported TDS or TCS credits, and large cash transactions lacking corresponding declared income can trigger further scrutiny.
Track all the latest Q1 FY27 earnings announcements, corporate developments and management commentary as companies including Delhivery, Eveready Industries India, Medi Assist Healthcare Services, Oswal Pumps, Studds Accessories report their June quarter results.
Bank customers are advised to stay informed about upcoming holiday schedules that could impact banking operations. National and religious holidays dictate bank closures, which differ across states.
Due to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine deduction cannot be denied merely because it was reported under an incorrect schedule in the ITR
Q1 Results Today, 07th August 2026 Highlights: Follow Q1FY27 live updates from businessline
NBFC credit rises 14.4% in June 2026, led by retail lending
Housing loans increased 11.4 per cent to 8.44 lakh crore, while vehicle loans rose 15.2% to 6.24 lakh crore, highlighting steady consumer demand
In FCNR (B) race, small banks raise deposit rates to woo NRIs
These banks are offering interest rates 150 bps higher than large lenders
Net profit of PSBs surged to 1.98 lakh cr in FY26
Gross advances of PSBs grew by 15.7 per cent to 127 lakh crore as on March 31, 2026
To enhance customer centricity and promote inclusive banking, PSBs have reviewed their service charge structures.
SBI expects to mobilise about $10b via FCNR(B) deposits by Sept-end 2026
FCNR (B) deposit inflows will give Indias largest bank a clear visibility on liquidity and helping it reduce dependence on bulk deposits
Total subscribers of NPS, a defined contribution pension system, from the non-government sector stands at around 90 lakh at present
Cholamandalam net profit up 46% in Q1FY27
The Board also approved fundraising aggregating to around Rs 55,000 crore by way of issue of Non-Convertible Debentures (NCDs)
Tata Capitals Q1FY27 consolidated net profit jumps 56% at 1,547 crore
Once the Yogloans acquisition is complete, over the next two and a half to three years, TCL expects to add close to about 500 plus branches and with a portfolio of approximately 4,000 to 5,000 crores
Equitas Small Finance Bank posts 183 crore profit in Q1
Gross advances grow 27%, led by gold and microfinance loans
City Union Bank Q1 profit rises 25% to 383 crore on NII growth
Were on track for 20% business growth in FY27, says CEO Vijay Anandh
Delhi High Court orders winding-up of Paytm Payments Bank
RBI-appointed liquidator Girikumar M Nair to take charge after licence cancellation in April
Delhi High Court orders winding up of Paytm Payments Bank, says RBI
The High Court has appointed an official liquidator to oversee the winding up of Paytm Payments Bank following the RBIs decision to revoke its banking licence over regulatory violations.
We are also consciously growing our retail, agriculture and MSME portfolio, says Brajesh Kumar Singh
TVS Motor raises stake in TVS Credit to 85.15% with 711-crore share purchase
With this, the shareholding of TVS Motor in TVS Credit will increase from 80.76 per cent to 85.15 per cent
Shriram General Insurance does not expect SC judgment to impact motor TP portfolio
We are analysing the impact, says Anil Aggarwal, MD & CEO of Shriram General Insurance
HSBC uses leverage to win $5.5 billion in India Forex deposits
HSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered
The Latest Fixed Deposit Interest Rates: Aug 07, 2026
The Latest Fixed Deposit Interest Rates: Aug 07, 2026
The Latest Home Loan Interest Rates: Aug 07, 2026
The Latest Home Loan Interest Rates: Aug 07, 2026
Good news for HDFC Bank borrowers: Lending rates reduced across multiple tenures; check latest list
In a strategic move, HDFC Bank has reduced its MCLR rates across various tenures by as much as five basis points, effective from August 7, 2026. The updated MCLR now varies between 8% and 8.65%, tailored to the specific loan duration.
8th pay commission update: The 8th Pay Commission is actively engaging with various stakeholders to gather insights on salary and pension adjustments. Employees are hopeful for a timely report that could significantly alter their compensation. Projections suggest that gross pay increases may vary from 31% to 68%, relying on different fitment factors, particularly for employees at Levels 7 and 8. Multiple employee organizations have presented their fitment factor recommendations to the commission.
Unclaimed mutual fund assets rose nearly 10% to Rs 3,811 crore in FY26, led by higher unclaimed dividends, Sebi said. Despite this, mutual fund assets, SIP contributions and investor participation expanded strongly, reflecting sustained retail interest and industry growth.
Can NRIs invest in RBI Floating Rate Savings Bonds offering 8.05% interest rate?
Non-Resident Indians (NRIs) are prohibited from making new investments in RBI floating rate savings bonds; however, those who are existing holders may maintain their investments. The bonds offer an attractive interest rate of 8.05%, bolstered by government guarantees.
AIBOA urges President to halt IDBI Bank divestment, cites breach of assurance
Officers body sought intervention of President as Custodian of public sector financial institutions and public sector undertakings, to safeguard institutions created and nurtured in public interest
Homebuyersgot no compensation for more than 2-year delay in possession of flat, MahaRERAorder; Know how accepting possession without protest cost them the delaycompensation. Know why homebuyers lost this case.
SBI Q1 net profit rises 10% to 21,121 crore on strong NII, lower NPA provisions
Net interest income rose 15% to 46,992 crore, up from 40,907 crore a year ago
Sunil Singhania-backed Abakkus Small Cap Fund added Indo-MIM, Mrs Bectors Food Specialities and BEML to its portfolio in July while exiting Bank of Baroda and Cyient DLM. The fund also increased its exposure to HDFC Bank and 55 other stocks, according to its latest monthly portfolio disclosure.
EPS higher pension: The government has acknowledged the Madras High Court's decision on higher pension benefits. Supreme Court orders regarding higher pension contributions have also been examined. An online facility was provided for EPS subscribers opting for higher pension. This higher pension judgment has been implemented uniformly for all establishments. Employees can now contribute based on actual basic salary for increased pension.
There is no easy or one word answer to this question. The expenses anywhere would depend majorly on the city an individual is living in and their lifestyle. At the same time, it is equally important to factor in the average salaries that people receive. We have done an analysis of the same. Read on to know.
RBI changes loan recovery rules: No harassment, recorded calls, strict recovery agent code & more
The Reserve Bank of India has announced new guidelines for loan recovery starting in January 2027. These regulations require that banks properly train recovery agents while ensuring they adhere to professional standards during the process. Borrowers will receive notifications regarding the recovery agents assigned to them, and all communications will need to be recorded.
GIFT City for NRIs: How to invest in India in dollars without rupee conversion
A term loan refers to a fund based credit facility of a fixed principal amount, made available by an NBFC to a borrower
Resident ordered by housing society to evict on grounds of maintenance default, creation of nuisance and using open space as his garden; Maharashtra Co-Op Appellate court cancels eviction and rules resident cannot be evicted by housing society for this reason. Know more.
GOld rate today: Gold prices saw a slight decrease today, August 7, 2026. Leading jewellery brands like Tanishq and Malabar Gold & Diamonds adjusted their rates. Tanishq maintained its 22-karat gold price while others saw a small reduction. IBJA indicative rates for August 6, 2026, show higher prices for various gold purities. Silver prices also remained steady as per the latest updates.
ICICI Bank, Axis Bank tap dollar debt again in less than two months, bankers say
ICICI Bank and Axis Bank raise $300 million each in US dollar debt market for the second time in two months
Best small cap mutual funds to invest in August 2026
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks.
Sensex down nearly 8% in 2026. Best time to top up your mutual fund SIPs?
The BSE Sensex has declined nearly eight percent, prompting investors to consider increasing mutual fund SIP contributions. Market experts suggest this correction is normal and investors should continue SIPs without interruption. Lower markets allow for the accumulation of more units over the long term. Investors should review their portfolios and rebalance asset allocation if needed. Monitoring crude oil prices and global policies will guide future market direction.
The Committee noted that the 18% GST on insurance products has adversely affected affordability and insurance penetration
Chennai Real Estate 2026: 8 localities to buy a home for living, rental income or future growth
RBI likely intervenes to shield rupee from oil jump, traders say
The rupee appeared on track to open weaker around 95.35-95.40 per dollar, but central bank intervention right around the time the local spot market opened at 9:00 am IST helped shore up the currency
India must not rewrite its UPI policies under US pressure: GTRI
Zero MDR contributed significantly to this growth by allowing consumers, small shops and roadside vendors to make and receive payments without transaction charges: GTRI
Same salary, different story: Why your colleague got a bigger loan than you
SBI unpaid dividends: How to check unclaimed dividends with bank or IEPF
Investors can check for unclaimed State Bank of India dividends on the bank's website. Dividends unclaimed for seven years are transferred to the Investor Education and Protection Fund. Shareholders can submit claims to Kfin Technologies Limited or SBI Investor Services. Checking unclaimed dividends requires specific details like folio number or client ID. Eligible shareholders and their legal heirs can apply to the IEPF Authority for refunds.
Worried about rising healthcare costs after 60? Discover how senior citizens can secure robust health insurance without breaking the bank. Explore strategies like combining base policies with super top-ups and leveraging employer benefits to achieve comprehensive coverage and predictable renewal costs.
Most active funds beat benchmark indices last year: Motilal Oswal Study
A fresh analysis indicates that actively managed mutual funds have surpassed their benchmark indices, with an impressive 94% of large cap funds outperforming theirs. Midcap and small cap funds have also demonstrated solid performance against their benchmarks. Fund managers effectively utilized market discrepancies and strategic stock selection. It remains crucial for investors to carefully choose suitable schemes and reputable fund houses to maximize gains.
Indel Moneys arm get RBI approval to offer trade remittance services
The RBI approval enables the company to expand regulated cross-border payment services for businesses with faster and compliant trade remittances
RBI releases second NBFC upper layer list
Tata Sons continues to feature on it; REC, Power Finance Corporation, Indian Railway Finance Corporation and HUDCO are in the list
Ex-Kotak Bank DVP laundered Panchkula civic funds to buy luxury cars, Harley-Davidson: ED
ED has chargesheeted Pushpinder Singh along with his two colleagues at Kotak Mahindra Bank and an employee of the Panchkula municipal corporation, accusing them of defrauding the Haryana government of more than 100 crore
Tata Sons in RBIs new Upper Layer list for NBFCs
The inclusion is noted to be independent of Tata Sons ongoing application for de-registration, which is still under review
The Lok Sabha passed a bill amending tax laws on August 6, 2026. This amendment benefits REIT and InvIT investors by exempting dividend income. Special Purpose Vehicles can opt for a new tax regime with a higher surcharge. This decision requires careful evaluation of the entire structure's tax efficiency. The choice between tax regimes depends on individual financial profiles and commercial objectives.
Standard Chartered gets nod to launch wealth management services from GIFT City
Standard Chartered was the first foreign bank to commence operations in GIFT City in 2020
PhonePe's Rs 100 daily RD: How it works; app also adds FD investment option
With its latest feature, PhonePe now allows users to easily invest in daily recurring deposits via its user-friendly app. Starting investments is as easy as contributing Rs 100 daily through UPI AutoPay. Additionally, the app simplifies the digital handling of fixed deposits, which are secured up to Rs 5 lakh under the DICGC scheme. Best of all, users can withdraw their funds whenever they choose.
SBI MF launches Magnum Equity Ex-top 100 Long Short fund
The new fund offer will be open for subscription on August 7
NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explained
Non-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program provides considerable tax advantages as per the Indian Income Tax Act, allowing annual contributions to be deducted up to two lakh rupees. While withdrawals made after the age of sixty are primarily tax-free, it's important to note that annuity income is subject to taxation.
Baroda BNP Paribas MF raises Rs 1,200 crore+ from ESG and Services thematic fund launches
Baroda BNP Paribas Mutual Fund raised over Rs 1,200 crore through its ESG Best-in-Class Strategy Fund and Services Fund launches in 2026. The offerings drew investors from more than 5,700 pin codes, highlighting strong demand for thematic, long-term equity investment opportunities across India.
NFO Alert: SBI Mutual Fund launches Magnum Equity Ex-Top 100 Long Short Fund
SBI Mutual Fund has announced the launch of its Magnum Equity Ex-Top 100 Long Short Fund under the Specialized Investment Fund framework. Opening on August 7, the NFO targets long-term capital growth by investing outside the top 100 stocks with a long-short strategy using equity derivatives.
Retired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as tax notice was issued 26 days after the limitation period had expired. Know how he won case in ITAT Bangalore.
RBI schedules underwriting auction for 32,000 crore government securities on August 7
The auction will follow a multiple price-based method and will be held through the RBIs e-Kuber system
42 equity mutual funds deliver over 15% CAGR in 10 years, turn lump-sum investments 4x
Around 42 equity mutual funds generated a CAGR of more than 15% over the past decade, turning a Rs 1 lakh lump-sum investment into over Rs 4 lakh. Nippon India Small Cap Fund topped the list with a 20.61% CAGR, while several Quant, HDFC and SBI schemes also delivered stellar returns.
Paramotor Digital Tech to distribute prepaid products of Aditya Birla Capital Digital
Paramotor will undertake the marketing and distribution of ABCDLs prepaid products while ensuring compliance with applicable RBI regulations
Gold price today: On August 6, 2026, gold prices surged dramatically throughout India, as Tanishq and Malabar Gold & Diamonds displayed increased rates. The Indian Bullion and Jewellers Association confirmed the striking rise in both gold and silver values, impacting major metropolitan areas such as Delhi, Mumbai, and Chennai. Consumers were quick to notice these changes in pricing on Thursday.
Digital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared income. The Income Tax Department cross-verifies financial data from various sources. Taxpayers should regularly check their Annual Information Statement and reconcile records. Maintaining transaction records and accurately reporting income prevents unnecessary scrutiny.
IIFL Capital partners with Flytxt to leverage Agentic AI for AUM growth
With over 15 years of AI innovation, Flytxt currently serves more than 80 enterprise customers across 50 countries, helping them transform customer data into actionable intelligence and driving measurable business outcomes
EPFO claim delays, expert & IT staff shortage flagged by officers body; seeks govt intervention
EPFO officers have raised concerns over the backlog of auto claims that have been pending for over twenty days. The newly introduced IT system, CITES, has encountered significant implementation delays. Since 2008, staffing levels have remained stagnant, adversely affecting service quality. Officers are calling for reforms in both the Employees Pension Scheme and the leadership framework, advocating for expert guidance and PFRDA-like withdrawal restrictions to enhance savings.
GIC arm, Dymon Asia among investors in Leap India's 371-cr pre-IPO placement
The company undertook a private placement of 2.34 crore equity shares at an issue price of 159 apiece
Loss of interest in marriage is not a valid ground for divorce under Hindu Law, orders Karnataka HC
Hindu marriage cant be broken merely because husband lost interest in marriage, rules Karnataka High Court and says The marriage under the Hindu Law is a sacrament and it is not a contract. Know what the high court said about Hindu law regarding marriage.
Don't wait until it's too late: Why gifting assets during your lifetime deserves a look
