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SGBs vs mutual funds: The tax difference could mean lakhs more in your pocket
India weighs tax cuts to attract foreign bond investors
The proposals come as policymakers seek to support the rupee amid foreign fund outflows, higher oil import costs and global economic uncertainty.
What tech companies won't tell you about hiring after 40? What to do if laid off at work
The RBI is widely expected to keep the repo rate unchanged at 5.25% in the June 5 MPC meeting despite concerns over rising fuel prices, a weaker rupee and geopolitical tensions. Experts believe FD rates are unlikely to rise soon as liquidity conditions, credit growth and deposit growth have stabilised. Most analysts see little chance of an immediate repo rate hike, suggesting FD investors may have to wait longer for any meaningful increase in fixed deposit interest rates.
Wealth wisdom of the day: Working for money is not the key to wealth; it should be the other way around, is what Robert Kiyosaki suggests - The poor and the middle class work for money. The rich have money work for them. But theres something even more important than making more money how much you keep.
ADB and Standard Chartered partner to boost supply chain finance in India
The partnership includes a GIFT City-based facility for dollar-denominated transactions and a partial guarantee mechanism for domestic rupee transactions
Big news for UK renters. From May 1, 2026, landlords can no longer use rent review clauses to hike rents. They must now follow a specific legal process. This change aims to prevent unfair rent hikes and backdoor evictions. Tenants can challenge proposed increases if they seem too high.
UPI acceptance at QR-code merchants goes live in Cambodia
The initiative marks the first phase of collaboration between NPCI International Payments Limited and Acleda Bank Plc. and is aimed at promoting seamless, secure, real-time cross-border merchant payments while reducing reliance on cash and cards
Manufacturing sector emerges as key structural play amid global supply chain shift
Investors can explore manufacturing mutual funds for portfolio diversification. The sector shows strong potential driven by domestic demand and global supply chain realignments. Experts suggest a staggered investment approach over six months. The Nifty Manufacturing Index offers distinct exposure compared to the Nifty 50. This theme is poised for growth, supported by policy and evolving global needs.
Grievance redressal mechanism being framed to prevent hospital-health insurance stand-off
Some concrete measures being discussed include having standard treatment protocols for common ailments to start with, which could help define pricing, says Dr S Prakash, Chief Executive Officer at General Insurance Council
RBI cancels 182-day, 364-day treasury bill sale, traders interpret move as rate signal
This is the second time in less than three months that RBI has cancelled a treasury bill sale
Karnataka Bank enables digital EPF payments
Strong banks require capital and technology; they also require judgment, governance, accountability and institutions that learn.
No major impact of West Asia conflict on asset quality so far: SBI Chairman
Credit demand seems to be robust across sectors, he said
Rate pause by RBI will support growth stability: SBI Chairman
A pause will definitely help us stabilise in terms of ensuring that smooth growth rates are achieved, Setty said
PNB customer alert: PSU bank suspends MasterCard network activity linked to Russia
Punjab National Bank customers using MasterCard for international transactions face continued suspension of services linked to Russia. This action aligns with global sanctions. The bank also announced the discontinuation of complimentary airport lounge access for its MasterCard Platinum Debit Cardholders from June 1, 2026. New fixed deposit rates are effective from the same date.
RBI's rate-setting panel starts deliberations, policy announcement on Friday
The RBI's Monetary Policy Committee (MPC) began its three-day meeting on Wednesday, with most economists expecting the central bank to keep the repo rate unchanged at 5.25% when it announces its decision on June 5.
5 smallcap funds crossed the 25% annualised return mark in 3 years. Here's the list
Several smallcap funds have demonstrated strong performance, with five achieving over 25% annualized returns in the past three years. Bandhan Small Cap led the pack with a 29.4% return. In contrast, five other prominent small-cap funds experienced slower growth, delivering single-digit gains.
New fund offers: 4 mutual funds and 1 SIF are open for subscription. Check details
Four mutual fund NFOs and one SIF are currently open for subscription, offering exposure to smallcap, large & midcap, and factor-based strategies. Investors should align selections with goals and risk appetite.
Scale of financing required by India over the coming decades is unprecedented: SBI chief
These investments will be required across infrastructure, manufacturing, energy transition, urban development, MSMEs and innovation, Setty said at the Citi Investor Conference
Franklin India Dividend Yield Fund delivered exceptional returns. A Rs 10,000 monthly investment since inception grew to over Rs 1.2 crore in 20 years. The fund's AUM also crossed Rs 2,300 crore. It follows a dividend yield strategy, investing in companies with consistent payouts. This approach aims for steady compounding and downside protection.
Gold prices held steady across major Indian jewellers on June 3, 2026, despite global market jitters. However, the IBJA reported a dip in its indicative rates. Geopolitical tensions and potential US interest rate hikes are influencing investor sentiment, while India's tightened silver import rules add another layer to market dynamics.
Want to invest in mutual funds through SIPs? Check which of these 8 variants suits you best
SIPs offer multiple investment options, including regular, top-up, flexi, perpetual, trigger, goal-based, step-up, and multi-SIPs. Choosing the right SIP depends on financial goals, risk appetite, cash flow, and market understanding.
Anxious with news of RBI selling gold? Here's the fact and what should you do
India's gold reserve: Reports of the Reserve Bank of India selling gold have been debunked by the central bank and the PIB Fact Check team. The RBI confirmed its physical gold stock remains steady at 880.52 tonnes. While the quantity has been stable, the value of gold reserves has significantly increased due to rising global prices, offering reassurance to investors.
Can a 1 crore NPS corpus generate more than 1 lakh per month? What the new RIS framework offers
Retirees now have a new way to manage their National Pension System (NPS) corpus, offering flexibility and potential for growth. The Retirement Income Scheme (RIS) allows keeping savings invested post-retirement, generating regular income through Systematic Payout Rate (SPR) or Systematic Unit Redemption (SUR) options. This approach balances market exposure with risk management, aiming for sustainable income over long retirements.
Every mutual fund offers positive XIRR on SIP investments in 5 years. Did you exit too soon?
Equity mutual funds delivered positive returns on Systematic Investment Plans over the past five years. Many funds provided double-digit XIRR. HSBC Midcap Fund and Bandhan Small Cap Fund led with over 20% XIRR. This analysis highlights strong SIP performance across various fund categories. Investors saw significant growth on their regular investments.
Employee bodies from Jammu & Kashmir have urged the 8th Pay Commission to adopt a fitment factor between 2.86 and 3.68, which could raise the minimum basic pay from Rs 18,000 to Rs 51,480Rs 66,240. They also sought pension parity, DA merger, improved HRA, healthcare, tax relief, career progression, and special consideration for employees serving in remote, border and hardship areas.
DA hike: Will government employees get a 3% increase this June? What new data reveals
SBI Card to revise reward point benefits on these credit cards from July 1, 2026; check details
SBI Card is revising reward point programs for PhonePe SBI Credit Cards, effective July 1, 2026. Both PURPLE and SELECT BLACK cardholders will face new monthly caps on reward points for PhonePe and online spends. Additionally, the SELECT BLACK card will exclude several transaction categories from earning rewards.
Looking for consistent midcap funds? Edelweiss Mid Cap and 8 peers have stood out over 5 years
Nine midcap funds posted strong five-year consistency scores, led by Nippon India and HDFC. The CRISP Scorecard highlights their risk levels, investment styles, returns, and assets under management as of March 2026.
Want higher returns? PMS vs Direct Mutual Funds battle shows where long-term wealth may grow faster
An investor planning early retirement at 50 with a Rs 12.5 crore corpus seeks expert advice on generating Rs 2 lakh monthly income. The expert outlines a goal-based framework, recommending a balanced 60% equity and 40% debt allocation for retirement and a more growth-oriented mix for long-term wealth creation
Best large cap mutual funds to invest in June 2026
Amidst market volatility, advisors recommend large cap mutual funds for conservative investors seeking safer equity investments. These funds, mandated to invest in top 100 companies, offer inflation-beating returns with lower risk. While some schemes have faced recent underperformance, long-term potential remains, with specific funds highlighted for June 2026.
Planning to exchange or recycle gold? Heres how tax authorities may treat your gains
Indians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-value gold transactions, including large cash deposits or unexplained sources of funds. Proper documentation is crucial to avoid scrutiny and penalties, especially when dealing with inherited, gifted, or imported gold.
Why should these taxpayers avoid filing ITR before June 15th for AY 2026-2027
Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updation of the Annual Information Statement with data from companies and banks. Salaried individuals should also wait for their Form 16. Filing without complete information can lead to discrepancies and potential tax notices.
Signed away maintenance agreement? HC says wife can still claim more; heres why
A wife can still seek more maintenance money even after signing a waiver agreement for a lump-sum payment. The Punjab and Haryana High Court ruled that such agreements go against public policy. The court stated that a Rs 60,000 waiver was insufficient. The wife's inability to maintain herself, despite past work, allows her to claim maintenance.
Maximum 39% marginal rate of income tax applicable for these individuals in Tax Year 2026-2027
Individuals and certain entities will face a maximum 39% income tax rate under the new tax regime for Tax Year 2026-2027. This Maximum Marginal Rate applies to specific income categories to prevent tax avoidance. The new regime streamlines surcharges, capping them at 25%. However, exceptions exist, potentially leading to higher rates in specific AOP or BOI scenarios.
IOB secures IFSCA license for GIFT City branch
In December 2025, IOB received approval from the RBI to establish an International Financial Services Centre Banking Unit at GIFT City
smallcase launches mutual fund model portfolios, expands beyond stocks and ETFs
smallcase has launched mutual fund model portfolios, expanding beyond stocks and ETFs. The new offering provides professionally managed portfolios of direct mutual funds across asset classes, helping investors simplify fund selection, portfolio construction and monitoring while aligning investments with specific financial goals.
Easing cycle in FY26: Proportion of bank loans bearing less than 9% interest rises sharply
Robust transmission of repo rate cuts to lending rates; household sector accounts for 58.6% of total bank credit
Kerala banking sector expands across key metrics, NR deposits surge
Total deposits increased by 12 per cent to 10.62 lakh crore, while total credit expanded by 13 per cent to 7.74 lakh crore
OPD cover in health insurance addresses out-of-pocket expenses for doctor visits, diagnostics, and medicines without hospitalization. While beneficial for those with chronic conditions or frequent consultations, it may not be cost-effective for healthy individuals. Carefully review sub-limits and exclusions before purchasing.
Generali Central Life Insurance aims to double business to 2,000 crore in 3 years
The insurance company, a joint venture between Generali of Italy and the Central Bank of India, ended 2025-26 with a first-year premium of 964 crore
How long will a Rs 20,000 SIP and Rs 1 lakh lump sum take to become Rs 3 crore? Check calculations
A monthly SIP of Rs 20,000, coupled with a Rs 1 lakh lump sum investment and an assumed annual return of 12%, can help investors accumulate a corpus of about Rs 3 crore in roughly 23 years and 7 months, according to calculator estimates.
ITR filing 2026: 5 benefits of filing income tax return besides paying taxes
Filing your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps in getting loans approved. You can claim tax refunds if you paid extra. Your ITR proves your income, especially for freelancers. It allows carrying forward losses to reduce future taxes. Many countries require it for visa applications.
Gold prices held steady on Tuesday, June 2, 2026, across major jewellers like Tanishq and Kalyan, despite a slight uptick in benchmark IBJA rates. 22k gold remained at Rs 14,365 per gram at Tanishq, while other brands also maintained their previous day's pricing.
NFO Alert: HSBC Mutual Fund launches hybrid long-short fund under its SIF segment RedHex
HSBC Mutual Fund has launched the RedHex Hybrid Long-Short Fund, a Specialised Investment Fund strategy aimed at generating regular income and capital appreciation through a diversified mix of fixed income, equity arbitrage, REITs and InvITs. The fund targets risk-adjusted returns with lower volatility and offers weekly redemption opportunities.
Edelweiss Small Cap, 7 other smallcap funds that have shown consistent performance over last 5 years
Have Rs 30 lakh to invest for 20 years? Here's how an expert suggests allocating the corpus
Investors receiving a large lump sum for long-term goals should avoid immediate equity deployment. Financial planners suggest parking funds in liquid instruments and using Systematic Transfer Plans (STPs) over 12 months to mitigate market timing risks. This staggered approach, combined with a diversified equity allocation, aims to optimize returns over a 20-year horizon.
Corporate bond sales seen slowing as borrowing rates hit 7-year high
LSEG benchmark yields on AAA-rated corporate bonds with two- to five-year maturities rose above 8% last week, the highest since early 2019
EPFO: When can EPF interest be credited to your account? Check here
EPFO subscribers are awaiting their FY 2025-26 interest credit, despite the 8.25% rate announcement in March. While delays are common due to government approval and account reconciliation, experts assure members that interest accrues monthly and won't be lost. EPFO calculates interest on the running balance, ensuring full credit even with administrative lags. Members can check their updated passbook for confirmation.
EPFO members are warned that e-nominations are invalid without e-signing via Aadhaar authentication. This crucial step ensures family members can receive EPF, EPS, and EDLI benefits without delays. Failure to e-sign means the nomination won't be processed in case of the member's death.
How can I transfer or gift 800 grams of gold to my daughters?
ET Wealth Reader's Query: I am a 50-year-old widower. My wife passed away a few years ago. I currently have around 800 grams of gold that belonged to her and my late mother, combined. I have two daughters, aged 12 and 13. I would like to understand how I can transfer or gift this gold to my children. I do not have the purchase invoices for the gold.
BharatPe launches BharatPe Flex, a Credit-on-UPI solution powered by YES BANK
The product has been designed to work within existing payment habits without requiring customers to adopt a separate payment ecosystem or behaviour
Quant Mutual Fund is strategically focusing on under-owned, under-researched, and neglected market segments for higher alpha generation. The fund house is underweight on manufacturing but has increased exposure to technology stocks, while maintaining a positive outlook on energy, infrastructure, and financial services.
Multicap vs flexicap mutual funds: Which is better placed amid market volatility?
Market volatility prompts a look at multicap and flexicap mutual funds. Experts weigh in on their suitability for uncertain times. Multicap funds offer disciplined allocation across market caps. Flexicap funds provide managers flexibility to adjust holdings. A balanced portfolio strategy across different equity categories is advised for investors to navigate market swings effectively.
Inherited property through a Will? These 8 legal facts could save you from costly mistakes
Investing Rs 10,000 monthly in a Post Office Recurring Deposit for five years yields a higher maturity amount than an SBI RD. The Post Office RD offers an estimated Rs 7.14 lakh, while SBI RD provides Rs 7.02 lakh. This difference means an investor earns approximately Rs 12,244 more with the Post Office option.
Top 10 mutual funds to invest in June 2026
New investors often struggle to find suitable mutual funds, relying on short-term performance or personal recommendations. ETMutualFunds presents a curated list of top schemes across five equity categories to guide investors. The article emphasizes understanding fund categories, risk profiles, and investment objectives before investing.
Quora, Reddit, or Stack Overflow? Have you been using the wrong platform?
Indian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By filing Form 40 electronically before the income tax return deadline, taxation shifts from accrual to withdrawal basis. This option, once exercised, is generally irrevocable but becomes void if the individual becomes a Non-Resident.
A Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying a new one from her son-in-law. The ITAT Chennai ruled in her favor, upholding the validity of registered documents and bank transactions, and deleting additions made under Section 69A.
Weak market returns push more investors to pause SIP investments
Challenging equity market returns are prompting retail investors to reassess their stock market exposure. Industry data reveals a rise in systematic investment plan (SIP) discontinuations and a slowdown in new investor additions. This trend indicates investor disappointment with lower-than-expected returns. The situation highlights a shift in investor sentiment amid market conditions.
IRDAI slaps 1 crore penalty on Nissan Renault Financial Services
The regulator also directed the firm to place the order before the Board of the Corporate Agent in the upcoming Board Meeting
RBIs wallet curbs may force fintechs to redraw growth plans
The regulator has also proposed restricting minimum-KYC wallets to payments for goods and services, effectively barring their use for person-to-person transfers
The proportion of SCBs savings deposits declined from 34.6% in March 2022 to 28.7% in March 2026
Karnataka Bank conducts annual conference of concurrent and internal auditors
The conference served as an important platform for discussions on best practices in internal control and governance
UPI clocks record volume and value in May on summer spending boost
Average daily transaction volume stood at 748 million, while the average daily transaction value was 96,465 crore
Government appoints Brajesh Kumar Singh as MD & CEO of Canara Bank
Singh, who is serving as Executive Director of Indian Bank, will succeed K Satyanarayana Raju superannuated in December 2025
Crypto exchange Binance rolls out trading in US stocks, ETFs
The April 2026 AICPI-IW data has raised expectations of a possible 3% dearness allowance (DA) hike for central government employees, though the final rate will depend on May and June inflation data. The 12-month average AICPI-IW from May 2025 to April 2026 stands at 147.51, translating to an estimated DA of 62.51%, which could be rounded to 63%. If approved, a 3% DA hike would increase the salary of a Level 5 employee by about Rs 876 per month.
HDFC Asset Management Company gets HC relief in cyber theft case; injunction granted against hackers
The order was passed on an application and suit filed by HDFC Asset Management Company Limited seeking an injunction against the hackers from using, publishing, distributing or disclosing to any person the stolen confidential data
Gold prices saw a dip today, Monday, June 1, 2026. This movement occurred amidst geopolitical tensions stemming from US claims of attacks on Iranian military bases. US President Donald Trump indicated Iran's desire for a deal.
UPI withdrawal for EPF soon! EPFO members can transfer money using UPI PIN Heres how it will work
Mahindra and Manulife insurance JV gets approval from Corporate Affairs Ministry
The venture combines Mahindras strong presence in India with Manulifes global expertise to create a customer-focused, AI-driven digital life insurer
UIDAI's New Aadhaar App: How to set up your account and transfer from mAadhaar
UIDAI has launched a new Aadhaar App, replacing the older mAadhaar. This app offers enhanced security with face authentication and biometric lock. Users can manage their digital identity and share Aadhaar data securely. The app allows access to all Aadhaar details on smartphones. Updates like mobile number and address can be done through the app.
UPI transactions hit record high of 29.9 lakh cr in May
The UPI transaction in volume terms was 22.35 billion recorded in April,
SBI Small Cap among 5 smallcap funds with highest cash holding. Check details
Several small-cap mutual funds maintained elevated cash positions in April, reflecting a cautious approach amid market conditions. Bandhan Small Cap Fund held the highest cash allocation at 13.2%, followed closely by Groww Small Cap Fund at 13%. SBI Small Cap Fund, HDFC Small Cap Fund and Quantum Small Cap Fund also maintained sizeable cash reserves, potentially providing flexibility for future investment opportunities.
ITR-2 filing for AY 2026-27 is live: Who must file, key deadlines & costly mistakes to avoid
Rs 1.5 lakh yearly in PPF: Check how it can grow into Rs 1.54 crore tax-free corpus
No need for repo rate hike, RBI can use short-term rate tools to manage rupee: SBI
The report also argued against a repo rate hike even as global uncertainties and elevated crude oil prices continue to create pressure on currencies and financial markets
Coinbase offers trading using Indian rupee
Coinbase, which had discontinued its services in India in 2023, resumed crypto trading last year
Top NPS equity funds offer up to 14% returns in 3 years. Heres the list
National Pension System (NPS) fund managers have delivered strong returns over the past three years, with several schemes generating double-digit gains. Tata Pension Management led the pack with a return of 13.56%, closely followed by ICICI Prudential Pension Fund at 13.39%.
Sovereign Gold Bond investor alert: Check June 2026 premature redemption calendar and schedule
Sovereign Gold Bond investors can now plan for premature redemption. Several SGB tranches issued between 2019 and 2021 become eligible for redemption in June 2026. Investors must submit requests within the specified windows through designated channels. Missing these deadlines may lead to rejection. This information is crucial for timely action.
Q4 Results Highlights Today Live Updates: Stay tuned to businessline for the latest live updates on Q4 earnings.
International mutual funds are leading in returns, driven by global markets and currency gains. However, Indian investors face hurdles due to overseas investment limits imposed by the RBI. Experts advise continuing existing SIPs but caution against new investments. Investors are exploring alternative routes like LRS and GIFT City for global diversification as fund houses restrict inflows.
