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NFO Update: ICICI Prudential Mutual Fund announces launch of contra fund
ICICI Prudential Mutual Fund launched a contra fund focused on research-driven, non-consensus opportunities in underperforming assets. The NFO closes October 12, with minimum investment of Rs 1,000. The open-ended equity scheme targets long-term investors and can invest across market capitalisations, alongside limited exposure to debt, commodities and InvITs.
Navigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's Liberalised Remittance Scheme. From understanding allowable remittance limits to distinguishing between gifts and loans, families must carefully plan to avoid potential tax and compliance issues. Learn the critical steps to streamline the funding process.
NFO Alert: Mirae Asset Mutual Fund launches Mirae Asset Life Cycle Fund 2056
Mirae Asset Mutual Fund launched the Life Cycle Fund 2056, an open-ended scheme with a predetermined maturity and mandatory glide path. The NFO closes October 12, with investments starting at Rs 5,000. The fund dynamically shifts allocations from equity toward debt, arbitrage and commodities as the 2056 maturity approaches.
EPF vs EPS vs EDLI: Monthly amounts to be deducted
IndusInd Bank launches dedicated banking vertical for GCCs in India
IndusInd Bank on Monday launched a new banking vertical for Global Capability Centres (GCCs) by bringing together corporate and employee banking capabilities. India now has 2,117 GCCs and the ecosystem has grown 32 per cent since FY 2021 -- underscoring the country's growing importance as a global capability hub. IndusInd Bank said that by bringing together corporate and employee banking capabilities under a dedicated GCC relationship model, the bank offers a more integrated and specialised approach to serving the unique requirements of GCCs. This integrated approach enables GCCs to manage their business, workforce and cross-border banking needs more seamlessly, IndusInd Bank said in a regulatory filing. India's GCC ecosystem has evolved beyond traditional shared-services operations, with centres increasingly taking on technology, engineering, analytics, finance, research and other strategic functions for global organisations, said IndusInd Bank Country Head Corporate Banking, .
HSBC expects RBI to raise repo rate by 50 bps in FY27 amid strong growth, inflation pressures
India's GDP growth in the second quarter of FY26 surpassed the Reserve Bank of India's forecast of 7 percent. The growth prompted forecasts of gradual rate hikes, with expectations of a 25 basis points increase twice in FY27. Additionally, inflation is projected to hover above 5 percent due to various economic pressures. Rising oil prices are expected to widen the current account deficit to 1.3 percent of GDP in FY27.
IRDAI reforms push insurance distributors to explore new revenue streams: Nomura
The company plans to trim marketing expenses and slow down hiring, Nomura said in its report
5 of Indias top 10 mutual fund schemes are hybrids. What's driving their popularity?
Hybrid mutual funds are gaining investor attention, with assets under management rising sharply in recent years. Five hybrid schemes feature among the top 10 funds by AUM, offering diversification and lower portfolio volatility.
Booked flight too soon? MakeMyTrip to refund fare difference if price drops
The add-on costs from 229 for domestic and 349 for international flights, with refunds capped at 2,500 and 3,000 per passenger, respectively
SC refuses to stay MDR on transactions above 2,000
The petitioner had prayed for a stay, but the bench did not accept; The date for the next hearing has not been fixed
An analysis of 189 equity mutual funds found 19 schemes delivering over 15% CAGR across three, five and seven years. The group comprised nine midcap, seven smallcap, two largecap and midcap and one ELSS fund, highlighting sustained long-term performance across multiple equity categories, though the exercise is not an investment recommendation.
Gold rate today: 24k vs 22k vs 20k vs 18k prices
RBI awaits Tata Sons formal response on Upper Layer NBFC compliance
Sources said the Tata Sons board is expected to finalise its response to the RBI, including a broad timeline for undertaking the listing process
EPF wage ceiling: Will the Rs 25,000 limit reduce your take-home pay?
8th Pay Commission salary calculator: Can Level 8 pay cross 1.5 lakh a month?
Can HUF save tax? Check what new tax law says
WhiteOak Capital Mutual Fund has launched an innovative Fund of Funds that focuses on small-cap mutual funds. This initiative seeks to achieve long-term capital growth by diversifying investments across a variety of active small-cap funds. Skilled fund managers will oversee the portfolio, adjusting investments according to performance and risk dynamics.
Landlord wins Rs 3.27 cr from tenant in Delhi HC
Not the government: The hidden tax draining India's middle class money
Indian central bank likely shielding rupee as US-Iran impasses lifts oil prices, traders say
The rupee has already seen a decline of 0.1 per cent, to 95.89 per dollar, with the central bank's presence helping it hold above the 96 mark
Best medium duration mutual funds to invest in September 2026
As per Sebi mandate, medium duration funds must invest in debt and money market instruments with Macaulay duration of three to four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more. However, you should check the portfolio duration of the scheme to ensure that the scheme is in line with your investment horizon.
When Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs 7.65 lakh income, this raised many red flags within the income tax systems. He wins case in ITAT Delhi.
3-day nationwide bank strike called off
A high-level committee of IBA and UFBU will be formed immediately to deliberate on the issue of declaring the remaining Saturdays as holidays
Tech Mahindra Share Price Live Updates: Tech Mahindra Stock Details
Sun Pharma Share Price Live Updates: Sun Pharma's Price Movement Today
Nestle India Share Price Live Updates: Nestle India Market Analysis
ITC Share Price Live Updates: ITC's Recent Stock Performance
In a recent meeting held on September 27, the Indian Banks' Association and the United Forum of Bank Unions engaged in crucial talks about an impending bank strike. While the three-day nationwide strike was postponed rather than cancelled, both parties have committed to establishing a high-level committee.
Asian Paints Share Price Live Updates: Asian Paints Daily Price Change
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Price Movement Analysis
Coal India Share Price Live Updates: Coal India Price and Performance Insights
Divis Labs Share Price Live Updates: Divis Labs Market Performance Snapshot
M&M Share Price Live Updates: M&M Stock Price and Returns Overview
Jio Financial Services Share Price Live Updates: Jio Financial Services Price Update
HSBC makes big push for affluent clients in India to fuel growth
HSBCs growth drive pits it against larger local rivals like ICICI Bank and Kotak Mahindra for Indias fast-expanding wealth pool
What happens to gold prices when US Fed hikes rates?
Cutting through money jargon, one topic at a time. This week Abhinav Kaul explains why US interest-rate hikes can affect gold prices, and what it means for Indian investors.
India to continue diesel exports as US ban looms
India remains committed to its diesel export contracts, as stated by Oil Minister Hardeep Puri. The global diesel market faces challenges due to geopolitical conflicts impacting supply. Pump prices in the US have surged, leading to speculation about an export ban on diesel. India has overtaken Russia as a top diesel supplier, accounting for significant global shipments.
Hurun India Rich List 2026: Adani overtakes Ambani
According to the M3M Hurun India Rich List 2026, India's wealth has soared to an impressive Rs. 187.5 lakh crore, with Gautam Adani now eclipsing Mukesh Ambani in the wealth hierarchy. LN Mittal also reports major financial gains.
MF-PMS: Sebi opens 25 lakh investment route
The Securities and Exchange Board of India has launched the Portfolio Managers Route for Investing in Mutual Fund units (PRIM), enabling portfolio managers to handle clients' investments in direct mutual fund plans starting from a minimum amount of Rs.25 lakh. This initiative seeks to boost investor access and flexibility, offering a wider array of investment choices.
IRDAI proposes overhaul of insurance distribution
The customer-centric proposals aim to increase transparency, cut distribution costs and reduce insurer expenses.
Gold loan: Check these before pledging your jewellery
Cheap, quick and no credit check needed, yet your jewellery could be at risk.
Retirement: Why costs & compounding matter most
A status match essentially allows one loyalty programme to recognise your credentials from another. Instead of spending 50 nights at a hotel chain or flying dozens of sectors with an airline to reach elite status, you show that another company already considers you a valuable customer. The new programme may then grant you equivalent status, usually for a limited period.
Your funds average return is lying to you
Two funds, both averaging 5%. One left you Rs.11,000 richer. Heres why
Leaving UAE? Your money needs an exit plan
Tax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
How travel cards build bank relationships
A bank can afford to give an affluent customer a highly rewarding credit card if that card helps persuade the customer to consolidate assets with the lender. The other advantage is that a credit card is one of the most visible products a bank gives a customer. Every transaction reinforces the relationship with the bank.
Hybrid funds boom, but advisers remain divided
Tax efficiency and stability win some advisers over, but others fear giving up returns and control.
Hospital-insurer clash puts cashless claims at risk
Inflated bills, delayed approvals, arbitrary deductions. As hospitals and insurers trade charges, policyholders are left footing the bill. What will it take to fix the system?
Bank strike deferred after IBA assurance on five-day work week
The decision follows an agreement to form a high-level committee to examine remaining Saturdays as holidays and address other pending demands
SBI developing GIFT City specific products forNRI customers, says Chairman Setty
The SBI Chiefemphasised that SBIs GIFTCity IBU complements its domestic branches by offering good interest rates to customers for periods of less than one year
The ministry noted that the Reserve Bank of India has granted approval for all bank branches, offices, ATM-link branches and Currency Chests to remain fully operational on September
NRI deposit inflows jump nearly 7-fold, surge led by FCNR(B)
NRE inflows plunge sharply during the April-July period
PB Healths hospital expansion plans on track: PB Fintech Chairman and Group CEO
PB Fintech was in the spotlight following an IRDAI proposal that could impact its insurance revenues
Officials discuss credit ecosystem of TN in 187th State Level Bankers Committee (SLBC) meet
The performance of banks in areas including Agriculture and Allied Activities, Micro, Small and Medium Enterprises (MSMEs), education loans, housing and other priority sectors was reviewed
Six new mutual funds and one Specialized Investment Fund (SIF) are opening for subscription this week, according to ACE MF data. The NFO lineup includes ICICI Prudential Contra Fund, Aditya Birla SL BSE Total Market ETF, Mirae Asset Life Cycle Fund, and Mahindra Manulife's MSIF Equity Long-Short Fund.
Five flexi-cap mutual funds delivered single-digit returns over a three-year period, with SBI Flexicap Fund and UTI Flexi Cap Fund returning 6.4% to 7.8%, according to ETWealth data. Samco Flexi Cap Fund was the worst performer with a 5.5% loss, while Bank of India Flexi Cap led gains at 16.5%.
Equity mutual funds dropped up to 13% last week as sectoral and thematic offerings led weekly losses, according to ACE MF data. Mirae Asset S&P 500 Top 50 ETF FoF saw the steepest fall of 13.09%, while technology and banking funds also registered negative returns alongside broader market declines.
NABARD plans more financial support for water security projects in Rajasthan
NABARD to explore increasing support through the Rural Infrastructure Development Fund (RIDF) and other financing instruments
Banks open today on Sunday: Check if all banks are open or closed today ahead of strike
Banks open today? Public sector banks and Regional Rural Banks are set to be open on Sunday, September 27, 2026. This decision follows the Reserve Bank of Indias request ahead of a three-day bank strike.
Deposit per se may not be a binding constraint for credit creation: RBI bulletin
So, a bank does not necessarily need to mobilise liabilities (such as deposits) before credit creation
Flat possession delayed; MahaRERA rejects builders jurisdiction excuse, awards Rs 7.1 lakh interest to homebuyer. Even though the builder tried to put the blame on PMC-PMRDA jurisdiction issue, the homebuyer managed to prove that his area (Wagholi) came under PMC jurisdiction and the builder knew this before signing the agreement.
SBI hands over cheque worth 500 crore to Jeevika Didis in Patna
In Bihar, Jeevika Didi refers to women members of State government initiative Bihar Rural Livelihoods Project (BRLP), locally known as Jeevika, aimed at the social and economic empowerment of rural women through Self-Help Groups
Five SIFs have delivered double-digit returns since inception, led by Quant Mutual Fund
Mutual fund SIPs did better than lumpsum across 5 equity categories in 2 years. Check details
Over two years, SIPs outperformed lump-sum investments across equity fund categories, with the gap widest in smallcap funds. SIPs delivered positive average returns even where point-to-point returns remained muted or negative.
Ancestral vs self-acquired property: When oral relinquishment is valid under Hindu succession law
For ancestral property oral relinquishment can suffice but not for self-acquired properties; Check what Hindu Succession law says. Ancestral vs self-acquired property
Rs 70,000 penalty imposed on man for buying property below market value even though he paid the due tax after getting a notice; ITAT Delhi cancels penalty
Wife got late husbands job on compassionate grounds, she left mother-in-law alone and remarried; Rajasthan High Court protects her and orders employer to cut 25% ofwifes salary wife and pay it to mother-in-law
Aditya Birla Sun Life Mutual Fund suspends fresh subscription in 3 international funds
Aditya Birla Sun Life Mutual Fund has suspended fresh subscriptions in three international funds from September 24, 2026, after briefly reopening them. Existing systematic transactions continue. The funds have delivered strong recent returns, outperforming benchmarks over six months and three years, with combined assets under management of Rs 832 crore as of August 2026.
Navigating the unpredictable tides of market fluctuations can be particularly daunting for retirees. This guide delves into balancing equity and debt in investment portfolios, highlighting strategies for managing withdrawals during market downturns, the critical role of a retirement buffer, and the necessity of adaptable financial plans to shield against economic uncertainties, thereby promoting a stable and comfortable retirement lifestyle.
FD rate up to 8.3% for senior citizens investing for three years; know the list of banks
For senior citizens aged 60 and above, numerous banks are offering fixed deposit interest rates as high as 8.5%. Jana Small Finance Bank has an attractive 8.3% rate for three-year terms, while Utkarsh Small Finance Bank offers 8%. To avoid TDS, seniors should submit Form 15H if their annual income stays beneath the taxable limit, with TDS applied if FD interest exceeds Rs 1 lakh.
Explained: Which mutual fund ratios should investors check before investing?
Mutual fund risk ratios help investors assess a scheme beyond past returns. Key measures include alpha, beta, R-squared, Sharpe, Treynor, information, Sortino and semi-standard deviation, offering insights into volatility, consistency and risk-adjusted performance.
Retiring with Rs 1 crore corpus: Will it be sufficient to get Rs 70,000 monthly for 25 years?
A retirement fund of Rs 1 crore can serve as a vital asset, but navigating withdrawal rates is imperative for longevity. Financial advisors advocate for conservative investments that yield stable returns, as excessive withdrawals may accelerate depletion of the corpus. A monthly draw between Rs 30,000 and Rs 58,333 can help maintain fiscal health, with inflation as a key consideration.
Saturday bank holiday: Are banks open or closed today on September 26, 2026?
On September 26, 2026, banks are closed due to the second Saturday of the month. Customers planning to visit banks must wait until September 27, when public sector banks will operate.
RBI seeks faster export earnings repatriation, delegates more powers to Banks
The changes are expected to accelerate repatriation of export earnings and improve foreign exchange inflows, while reducing regulatory bottlenecks by shifting more approval powers to authorised dealer banks
RBI cuts time period for export realisation from October 1
The revised time period for realisingexport proceedsis counted from the date of shipment in case of goods (other than goods exported to a warehouse outside India) and from the date of invoice in case of services
Sundaram Home Finance aims to double emerging biz disbursements in Central TN
Opens branch in Mannargudi, with plans for branches in Karaikkal and Thiruthuraipoondi in the pipeline
Carlyle completes strategic majority stake acquisition in Nido Home Finance
Infuses 1,450 crore primary capital; buys 45% from Edelweiss for about 600 crore; Nido net worth seen at 2,300 crore in 18 months
Cooperative banks to remain operational during proposed Bank strike
Customers will continue to have access to branch banking services, agricultural and rural credit, business banking facilities, and digital channels such as ATMs, internet banking, mobile banking and UPI, depending on the services offered by individual banks
The Latest Fixed Deposit Interest Rates: Sep 25, 2026
The Latest Fixed Deposit Interest Rates: Sep 25, 2026
Landlord wanted to start law office, sought tenants eviction; Delhi HC upheld it for this reason
Tenant ordered to evict as landlord wants to open a law office and proved his bona fide need in Delhi High Court. In this case the landlord's grandfather gave it on rent but his family members needed the property to open a law office as there were three lawyers in their family.
Bangalore landowner wins unexplained money case in ITAT after proving he sold vegetables and fruit for large amount of cash to APMC
Are all banks open on Sunday, September 27, 2026? Check status ahead of three-day bank strike
Customers can visit public sector banks and Regional Rural Banks on September 27, as they will remain operational ahead of the impending strike from September 28 to 30. The State Bank of India has confirmed that their branches will be accessible this Sunday. It's recommended that customers rely on digital banking during the strike days, as the All India Bank Officers' Association prepares for a stay-out strike during this period.
UPI MDR explained: Will mutual fund SIPs and lumpsum investments be affected?
UPI offers mutual fund investors a convenient way to make lump-sum investments and set up SIP mandates. While the new 0.02% MDR applies to select one-time transactions, UPI AutoPay SIPs remain exempt, and the impact on investors is expected to be limited.
EPF wage ceiling raised to Rs 25,000: When will higher EPF deductions appear in your salary slip?
Starting September 2026, a major shift in the EPFO wage ceiling will raise the limit from Rs 15,000 to Rs 25,000 monthly. This increase will have different effects on various employees, especially those accustomed to the old ceiling as their deductions will change. Employers could face delays in updating their payroll systems, causing possible arrears and necessary adjustments for workers as they adapt to the new regulations.
New proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring transparency for borrowers. Key changes may prevent mandatory insurance bundling, allowing for better consumer choices and potential interest rate benefits, while still enabling some insurance package offers. Discover how these reforms could impact your next loan decision.
Builder promised specially enabled parking spaces; homebuyer paid Rs 1.03 crore for a 3BHK unit, but the builder failed to honour the parking promise; homebuyer wins case in Karnataka RERA. Read the article to know how did the homebuyer win the case.
Effective from October 1, 2026, the Reserve Bank of India will implement new rules concerning bulk fixed deposits. Every bank will be mandated to reveal their daily bulk deposit interest rates at 10 am. This regulation aims to ensure that interest rates for identical bulk deposits remain the same in all branches.
Top 9 equity mutual funds deliver over 30% return on SIP investments in 1 year. Do you own any?
Nine equity mutual funds delivered over 30% returns on SIP investments in the last one year, with eight from the small-cap category and one focused fund. Bank of India Small Cap Fund topped the list with a 45.95% return, followed by TRUSTMF Small Cap Fund at 41.53%, according to ETMutualFunds.
IRDAI's proposed reforms could revolutionize motor insurance purchases, making them more transparent and customer-friendly. With direct digital buying options, increased awareness of alternatives, and safeguards against dealer biases, these changes aim to empower policyholders and enhance competition. Discover how these adjustments could impact your next car or two-wheeler insurance policy.
Gold rate today: Leading jewellery brands have reported a boost in gold prices today, including Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers.
Merchant Discount Rate on UPI not a tax, cess or surcharge; will not burden consumers: FM
The Finance Minister assured that the MDR will not be passed on to consumers and will be borne within the merchant payment ecosystem.
