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UPI, Aadhaar banking drive 61% of MSME transactions; AI adoption rises: Report
Survey of 10,000 retailers shows rising confidence in digital tools and early-stage AI adoption at last mile
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.
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.
PFC becomes first non-bank lender to tap dollar debt after RBI subsidy, bankers say
PFC accepts bid worth $300 million for a five-year dollar bond issue
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.
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.
No income tax on these 8 earnings: Check if you qualify for exemption
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
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
Bankers expect RBI to issue detailed FAQs on limited period high interest rate FCNR (B) deposits
Offering leverage on a FCNR (B) deposit has emerged as a grey area
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
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
Top 5 equity mutual funds delivered up to 24% annualised SIP returns over last decade
Five equity mutual funds delivered up to 24% annualised SIP returns over the last decade, with small-cap and mid-cap schemes leading the performance chart.
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.
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
A husband's attempt to offset substantial stock market losses against his income was initially rejected by tax authorities. Despite trading using his wife's demat account and gifting her Rs 1.15 crore, the tax department argued the Rs 1.95 crore loss, including Rs 80 lakh from her own funds, was hers alone.
Physicswallah among top 5 smallcap stocks that saw highest mutual fund selling in May
Five smallcap stocks, including MRPL, Kaynes Technology, Wockhardt, GE Shipping and Physicswallah, saw the highest mutual fund net selling in May, according to Motilal Oswal Financial Services data, reflecting notable institutional exit trends.
Wife refused to leave sister-in-laws house after husband moved out; Delhi HC orders her eviction
A Delhi High Court ruling has affirmed a woman's eviction from her sister-in-law's inherited property. The court stated that once a husband loses his right to reside in his sister's house, his wife cannot claim a right to stay there. The sister-in-law, the sole owner via her mother's will, had permitted her brother and his wife to live there.
Smallcap funds have emerged as the best-performing equity mutual fund category over the last three months, delivering an average return of 16.94%, according to ETMutualFunds. The rally follows an earlier correction and has been supported by improving earnings, strong liquidity, and renewed investor interest. However, the sharp gains have also sparked debate on whether investors should buy, hold, or book profits at current levels.
Best corporate bond mutual funds to invest in June 2026
Investors seeking relatively safe debt options for near-term or three-year-plus goals can consider corporate bond funds in June 2026. These funds invest primarily in top-rated corporate papers, offering greater safety than credit risk or gilt funds. While interest rate sensitivity and past defaults warrant caution, these recommended funds provide a stable avenue for investment. The article highlights key funds and the methodology behind their selection.
8 ITR filing mistakes to avoid this tax season
The I-T Departments growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax return filing more important than ever.
You make money when markets stay noisy: Axis MF CEO
Axis Asset Management Company has navigated turbulent weather in the past few years, coming under regulatory scrutiny over a controversy involving some of its key ex-personnel, and facing an extended period of underperformance in its equity funds. As it emerges out of the storm, its MD and CEO, B. Gopkumar, tells Sanket Dhanorkar how the fund house is putting things in order and why he believes the worst is behind them for their equity strategies.
Bitcoins 50% fall: Buy the dip or stay away?
Investors must weigh extreme volatility, uncertain cycles and Indias harsh tax rules before adding exposure.
Power stocks surge on demand revival, investments
Rising electricity demand and a strong investment cycle lift outlook for power companies.
Why a good manager matters in your career
You cant pick the manager, but he could decide your career, says Devashish Chakravarty.
NRIs can now earn up to 7% on dollar deposits
For the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
Moderate health claims experience for most Indians
Policybazaar's latest Health Claims Experience Index reveals that while cashless claims are preferred, the overall process needs significant enhancement. Many policyholders opt for reimbursement due to perceived delays in cashless approvals, leading to financial strain. Key pain points in reimbursement include delays and rejections, with customers seeking simpler forms and readily available hospital lists for a smoother experience.
Microcaps shine as largecaps falter in 2026
Welcome to TrendMap, your quick guide to the performance of different investment segments. No single segment always leads. In this edition, we present a 10-year equity performance tracker, ranking annual returns across market-cap segments. Investors risk appetite has turned more selective in 2026 so far. By Sameer Bhardwaj.
Started investing late? Cover your risks first
Ashish Mishra is currently focussing on two primary financial goals his childs education and an early retirement at 51. Heres what the doctor has advised him.
ITR filing FY 2025-26: New rules, forms, deadlines
The deadline for filing income tax returns for FY2025-26 has arrived, with new rules and forms in effect. Notably, ITR 3 and ITR 4 filings now have a staggered deadline of August 31st, offering some relief. Significant changes include updated disclosure requirements for Futures & Options trading and revised capital gains tax reporting, signaling a move towards more data-driven scrutiny by the tax department.
How DTAA helps taxpayers avoid double taxation
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 108th part of this series, Riju Mehta explains how the Double Taxation Avoidance Agreement helps taxpayers.
Axis Asset Management Company has navigated turbulent weather in the past few years, coming under regulatory scrutiny over a controversy involving some of its key ex-personnel, and facing an extended period of underperformance in its equity funds. As it emerges out of the storm, its MD and CEO, B. Gopkumar, tells Sanket Dhanorkar how the fund house is putting things in order and why he believes the worst is behind them for their equity strategies.
SBI-Telangana face-off Over 5-acre land in Hyd raises stakes for both sides
SBI on Friday secured a stay from the Telangana High Court on the auction of the land by the Telangana Industrial Infrastructure Corporation (TGIIC), which had earlier allotted the property to the bank.
RBI overhauls Lead Bank Scheme after review, issues new guidelines
The Reserve Bank of India has revamped the Lead Bank Scheme to boost district-level credit planning and financial inclusion. New guidelines, released on June 19, aim to enhance credit flow to priority sectors and improve access to financial services. A three-tier committee structure has been introduced to strengthen coordination between banks and government agencies, with Lead Banks now appointing dedicated managers to oversee scheme implementation across all districts.
India remains ADB's largest private sector market; lender eyes $1 bn direct support in 2026
ADB to focus on clean energy, green hydrogen, e-mobility and green data centres as key segments
Lenskart Solutions among top 5 midcap stocks with highest mutual fund buying in May
Mutual funds showed significant interest in midcap stocks during May, with Lenskart Solution leading the pack in net buying. JSW Energy, Billionbrains, Yes Bank, and Premier Energies also saw substantial inflows. This trend highlights a strategic shift by fund managers towards these growing companies, indicating potential investment opportunities for the broader market.
Fathers can build financial independence and generational wealth through strategic mutual fund investments, experts advise. Starting early, ideally in the late 20s or early 30s, leverages compounding for a robust retirement corpus. For legacy wealth, a higher equity allocation is recommended, focusing on long-term growth. Avoiding common mistakes like delaying retirement planning and keeping too much in low-yield fixed deposits is crucial.
NFO Watch: 3 mutual funds will open for subscription this week. Check dates and key details
Three new mutual funds are set to open for subscription this week, offering investors fresh options across passive and active strategies. The launches include Tata Multi Sector Passive FoF, HDFC Nifty Auto Index Fund and JM Multi Asset Allocation Fund. Investors should align fund selection with financial goals.
Equity mutual funds fell upto 6% last week. Check top 5 laggards
Equity mutual funds experienced a downturn last week, with some correcting up to 6%. International funds were particularly hard hit, with the DSP World Mining Overseas Equity Omni FoF leading the decline at nearly 5.81%.
H P Singh and Roy Varghese elected as new members on board of Sa-Dhan
Following the elections, the board was reconstituted with K Paul Thomas, Managing Director and Chief Executive Officer of ESAF Small Finance Bank, as chairperson
PhonePe wallet inactivity fee explained: No impact on UPI payments or bank accounts
PhonePe has clarified rules around dormant prepaid wallets after users raised concerns over inactivity charges. The company said wallet balances, UPI transactions and linked bank accounts follow separate systems with different operating rules
New labour code rules mandate employers to issue detailed appointment letters, ensuring clarity on job roles, wages, and social security benefits. This standardized format, previously limited to certain sectors, now extends to all, reducing ambiguity and disputes. Employees in informal sectors stand to gain significantly from this move towards greater transparency and formalization of employment terms.
Tata Technologies among top 5 smallcap stocks that saw highest mutual fund buying in May
HDFC Mutual Fund: SBI, RIL, and Eternal among top 10 stocks holdings in May
Parag Parikh Large Cap Fund: RIL, ITC, and Infosys among top 10 stock holdings in May
Top 7 flexi cap mutual funds to invest in June 2026
Gold rate today: Gold prices have seen a dip this week following a de-escalation in global tensions. As of June 20, 2026, 22k gold rates at major retailers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas remain stable.
Retirement savings gap after a career break? Expert shares how to recover without taking big risks
Career breaks, common for women, can impact retirement savings. Experts advise accepting the situation and implementing a catch-up plan by temporarily increasing investments. Utilizing bonuses and reviewing portfolios for better returns are key. While aiming for higher gains, avoid excessive risk. Disciplined investing and strategic cash-flow management can help bridge the gap and secure financial independence.
The Telangana High Court gave relief to a wife by granting her divorce after it was found that her husband had misrepresented his age which resulted in her parents incorrectly matching their horoscope. The high court observed that due to this false fact about his date of birth and also the horoscope matching, she mistakenly believed that both of them were compatible with each other.
FD rate up to 8.05% for senior citizens investing for five years; Know list of banks
Senior citizens can now secure fixed deposit rates as high as 8.05% for a five-year term with select small finance banks. While these attractive rates are available, investors should be aware of the DICGC insurance limit of Rs 5 lakh. The article also clarifies TDS rules on FD interest, explaining how senior citizens can avoid deductions by submitting Form 15H if their total income falls below taxable limits.
Saturday bank holiday: Are banks open or closed today on June 20, 2026?
Bank holiday: Indian banks operate on a mixed schedule, with closures on Sundays and the second/fourth Saturdays. While many services are digital, certain transactions like account opening, signature updates, and large cash movements still necessitate a branch visit.
For Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL score for future borrowing and simplifying rupee-denominated expenses. While unsecured cards are increasingly available, understanding forex charges, repayment mechanisms, and FEMA compliance is vital before applying.
RBI exempts banks from maintaining statutory reserve ratios on fresh NRE term deposits
Banks to offer higher interest rates on deposits as they will be able to deploy the full deposit proceeds as loans
RBIs seeks daily data from banks under its limited period measures to attract foreign capital
Foreign capital measures, including FCNR deposits, ECBs, and OFCBs, to attract investment
Zerodha Capital loan book jumps past 580 crore as profit rises
Zerodha Capital's total income increased to 53.5 crore in FY26 from 37.1 crore a year earlier, while total assets rose to 641 crore from 433 crore
Home loan insurance: Protecting the dream home without paying more than you need to
Home loan insurance is emerging as an important financial safeguard for Indian homebuyers, helping families manage outstanding loan liabilities in unforeseen circumstances. With rising homeownership and larger loan sizes, more borrowers are actively seeking protection solutions that offer both affordability and flexibility. The article explores the benefits of home loan insurance, evolving consumer preferences, and the growing importance of transparency and choice. It also highlights recent regulatory measures aimed at strengthening consumer rights and preventing mis-selling.
The Latest Home Loan Interest Rates: Jun 19, 2026
The Latest Home Loan Interest Rates: Jun 19, 2026
The Latest Fixed Deposit Interest Rates: Jun 19, 2026
The Latest Fixed Deposit Interest Rates: Jun 19, 2026
EPFO: When can you get 8.25% EPF interest amount in your provident fund account?
EPF subscribers can expect their 8.25% interest for FY2025-26 to be credited this month, as the government has officially ratified the rate. This annual interest is calculated on a monthly running balance, ensuring no loss for members even with delayed crediting. Subscribers can easily check their updated balances through the EPFO portal or the Umang app.
Gold and silver prices have fallen up to 12% this month; is it time to buy?
Gold and silver prices have dropped sharply this month as easing Iran-US tensions dampened safe-haven demand. Experts advise existing investors to avoid panic selling, as the long-term outlook remains positive. New investors can use the correction to invest gradually through SIPs in ETFs, while maintaining a 10-15% portfolio allocation to precious metals.
Sunil Singhania-backed Abakkus Flexi Cap Fund increases stake in HDFC Bank, RIL and 29 others in May
Sunil Singhania-backed Abakkus Flexi Cap Fund significantly increased its holdings in HDFC Bank and Reliance Industries during May. The fund also added substantial stakes in Edelweiss Financial Services, The Federal Bank, Tata Steel, and Urban Company, among 29 other stocks. No stocks were reduced or exited, maintaining a portfolio of 49 scrips across 23 sectors.
