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No plans to replace paper currency with plastic notes from June 30, clarifies PIB
PIB Fact Check in a post on X said the claims being circulated on social media were fake, and that the RBI maintains its current currency structure
Best flexi cap mutual funds to invest in June 2026
Flexi cap mutual funds provide a flexible investment avenue for investors navigating market volatility. Fund managers can strategically allocate assets across large, mid, and small-cap stocks based on market outlook. This approach is ideal for moderate investors aiming for wealth creation over a five to seven-year horizon.
Paid tax on black money? 7 reasons you can still lose it all
Central government employee and pensioner bodies are actively engaging with 8th Pay Commission officials regarding salary and allowance demands. Discussions are ongoing, with a memorandum submission deadline of June 15, 2026. Employees anticipate potential salary hikes and arrears, with estimates suggesting 20-21 months of arrears if implementation occurs in late 2027.
Earn more, save more: Follow these 7 simple rules for rent, cars and investing
A son's plea for a compassionate job after his government employee father went missing for over seven years was rejected by the Telangana High Court. The court cited a rule stipulating that employees with less than seven years of service remaining at the time of disappearance are ineligible for such appointments, regardless of the presumption of death.
Jio BlackRock prepares ETF debut by August after building $2 billion India fund base
Jio BlackRock is set to launch its first Indian ETFs by August, aiming to mirror BlackRock's global success in passive investing. The joint venture, already managing $1.9 billion in assets, plans to initially focus on equity strategies. This move seeks to tap into India's growing, albeit nascent, ETF market, with plans for GIFT City products also underway.
$55-65 billion expected to flow into the country on RBI measures on FCNR (B) deposits, ECBs
Competition to intensify for NRI deposits
BOI sets up specialised branch to strengthen partnership-led lending ecosystem
This includes Pool Buyout, Co-Lending, TReDS and Supply Chain Finance at Nariman Point, Mumbai
Banks want RBI to relax liquidity buffer norm relating to institutional deposits
LCR requires banks to maintain high quality liquid assets to meet 30 days net outgo under stressed conditions
Bombay High Court rejects Lilavati Trust plea against HDFC Bank over alleged defamation
The court said the banks statements were factually accurate and imposed a Rs 5 lakh cost on the trust.
Highest FD interest rates of 5 major banks: SBI, PNB, HDFC Bank, ICICI Bank and Bank of Baroda
Despite the RBI maintaining the repo rate at 5.25%, major banks like SBI, HDFC, ICICI, PNB, and Bank of Baroda are offering competitive fixed deposit interest rates. These attractive rates, particularly for senior citizens, vary across different tenures, with some reaching up to 7.1%.
EPFO 3.0 new rules: Can you withdraw 100% of PF retirement corpus through ATM?
How to pay zero tax on 19 lakh CTC under the New Tax Regime
Retirement planning: 7 golden rules you must consider for easy retirement
Retirement planning should focus on generating sustainable income while ensuring the corpus lasts throughout life. Key factors include accounting for inflation, healthcare costs, liabilities, and lifestyle needs. Maintaining a balanced asset mix with some equity exposure for growth and gradually increasing debt allocation with age can provide liquidity and stability.
SpaceX IPO: 5 Indian mutual funds that can offer exposure to space giant
SpaceXs planned IPO and potential inclusion in the Nasdaq-100 have renewed investor interest in Indian mutual funds tracking the benchmark. Such funds could gain indirect exposure to the aerospace giant, although fresh investments in several schemes remain restricted due to overseas investment limits.
FPI inflows into FAR securities rise by 8,795 cr after govt tax exemption move
According to data from the Clearing Corporation of India Ltd (CCIL), FPI holdings in FAR securities stood at 3.32 lakh crore on Tuesday, up from 3.23 lakh crore on June 3.
Gold prices saw a rise on Tuesday, June 9, 2026. Major jewellery brands like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported higher rates. The India Bullion and Jewellers Association also noted an increase. Investors are closely watching developments in the Middle East for further market cues.
MF Tracker: Nippon India Value Find turns Rs 10,000 SIP to Rs 1.56 crore in 21 years
Nippon India Value Fund has turned a Rs 10,000 monthly SIP into Rs 1.56 crore over 21 years, according to an ETMutualFunds analysis. Launched in June 2005, the fund holds a four-star rating from Value Research and Morningstar. A Rs 10,000 SIP started 10 years ago would now be worth Rs 27.06 lakh, while similar investments over five and three years would have grown to Rs 8.19 lakh and Rs 3.90 lakh, respectively.
How to dematerialise and transfer physical share certificates to legal heirs?
ET Wealth Reader's Query: I recently found several bonds and share certificates in physical form belonging to my late father. How can I get them dematerialised and transferred to the legal heirs?
Several flexicap funds have significantly increased their small-cap exposure over the past three years, reflecting confidence in smaller companies. Navi, Samco, and ICICI Prudential led the shift, seeking growth opportunities in niche businesses.
Tata Mutual Fund announces temporary restrictions on subscriptions in its gold ETF and FoF
Tata Mutual Fund has temporarily restricted fresh subscriptions in its Tata Gold ETF and Tata Gold ETF Fund of Fund, citing prevailing market and economic conditions. While large direct investments and certain lump-sum inflows face limits, SIPs, SWPs, redemptions and switch-outs will continue without any restrictions.
Axis Mutual Fund has revised exit load structures across its equity schemes, removing charges for large-cap, flexicap and large & midcap funds while shortening the holding period for the midcap fund. The changes apply from June 15 and will cover all fresh investments, including SIPs, STPs and switches under the schemes.
BlackRock to offer space ETF that will add new IPOs within days
BlackRock has launched the iShares Space Technologies UCITS ETF (STAR) for European investors, featuring a unique IPO fast-entry mechanism. This allows newly listed space companies to be added to the index within 10 to 30 days, rather than waiting for scheduled rebalances. The move follows a surge in investor interest in space ETFs.
Former Indian cricketer Ajit Agarkar has sold his residential property in Bandra West, Mumbai, for Rs 4 crore. The property, located in the Jewel Co-op Housing Society, spans 1,229 sq. ft. and includes two car parking spaces. The transaction was registered in April 2026, with Agarkar paying Rs 24 lakh in stamp duty.
Planning a SIP this June? Here are mutual fund options that could suit aggressive investors
Aggressive investors planning SIPs in June can consider a mix of flexi-cap, large-cap, mid-cap, small-cap and hybrid funds across investment baskets, based on ETMutualFunds' model portfolios designed using performance, consistency and risk-adjusted return metrics.
Bank posts record 1,322 crore profit in FY26; targets 4 lakh crore business by FY29
SCSS calculator: Rs 20,000 monthly income for senior citizens; check investment required
Qualified but not working? HC denies maintenance to doctor wife, says she cant burden husband
The Allahabad High Court has ruled that a qualified wife, capable of earning but choosing not to work solely to burden her husband, can be denied maintenance. In a case involving a Gynaecologist, the court upheld the denial of interim maintenance, citing her ability to earn over Rs 31 lakh annually, as per her income tax returns.
Retirees face a new challenge: managing wealth after decades of building it. Experts advise simplifying complex portfolios, especially those with many stocks. The focus moves to generating income and ensuring long-term financial security through strategic adjustments to investments and withdrawal plans.
Banking stocks rise on forex swap facility for overseas borrowings
Banks can avail concessional swap from the RBI for overseas borrowings of a minimum maturity of 3 years
Paytm plans 10% staff increase in AI pivot with some roles cut
The hiring push, including for senior leadership roles, will continue through March 2027.
Still using AI to best virtual interviews? Recruiters have already figured out how to catch you
Want better returns as an NRI investing in India? Compare equities and real estate before you decide
Retiring with Rs 1.5 crore can provide a monthly income, but the amount depends on risk appetite and investment returns. Experts suggest withdrawal rates between 4.5% and 6.5% annually, with potential monthly incomes ranging from Rs 70,000 to Rs 1.2 lakh. A bucket strategy is recommended for managing immediate needs and long-term growth.
The Bombay High Court has backed housing society members in a redevelopment dispute. A builder delayed a project for 13 years, prompting the society to appoint a new developer. The court ruled that residents' right to safe housing is more important than a builder's profit. The old builder's objections were rejected, allowing the society to proceed with a new developer.
RBI announces swap window for ECBs and FCNR (B) deposits
Measures extended hedging support and liquidity management till January 2027
121 Finance disburses 10 cr via GeM Sahay
The company has disbursed over 2,600 loans to more than 400 MSMEs across 173 cities in 27 States, helping small suppliers access working capital against confirmed government purchase orders
Indian IT sees rising share of revenue from BFSI in FY26
Four of the five top tier Indian IT services players saw an increase in share of revenue from the BFSI vertical in FY26, according to data from the companys annual reports
Viyona Fintech gets NPCI Bharat BillPay certification as a BOU
The certification clears Viyona to go live as a Biller Operating Unit, enabling billers across utilities, education, insurance, and financial services to collect payments through Indias Bharat BillPay network
I want Canara Bank to become the preferred bank for the younger generation: Brajesh Kumar Singh
For the new MD and CEO of Canara Bank, the first priority is on the resources side, raising low-cost deposits and improving CASA, which will strengthen overall efficiency.
ARCs seek review of SARFAESI Act and their functioning
Request FinMin to set up working group on ARCs to review their existing position and expand their role
Major mutual fund houses, including HDFC, ICICI Prudential, Nippon India and Tata Mutual Fund, have temporarily restricted large investments in gold ETFs amid surging demand, higher import duties and limited gold supply. Experts say retail investors and existing SIPs remain unaffected. The curbs mainly impact HNIs, while new investors are advised to invest gradually and maintain a 10-15% gold allocation.
West Bengal joins Ayushman Bharat: How to apply for Ayushman card and get Rs 5 lakh health cover
SBI hands over 8,813 crore dividend cheque to government for FY26
The public sector lender reported a net profit of 80,032 crore for the year, with operating profit rising to 1.23 lakh crore
Blackstone looks to sell $2 billion of fund stakes, FT says
The deal would be one of the largest to ever come to market, ahead of a similar transaction from Carlyle Group Inc.s AlpInvest unit last year
RBI-government measures to attract foreign investment may bring $35-40 billion inflows: Report
The report stated that the measures aim to attract foreign capital into India while addressing rupee pressure and enhancing external sector stability
Bitcoin steadies after $60,000 breach as Saylor hints at buying
The original cryptocurrency climbed as much as 3.8% to nearly $64,200 and was trading around $63,000 at 7 a.m. in London
5 multicap mutual funds with maximum mid and smallcap exposure. Check details
Multicap funds are required to allocate at least 25% each to large, mid and smallcap stocks, but some schemes have significantly higher exposure to the riskier mid and smallcap segments. Nippon India Nifty 500 Equal Weight Index Fund topped the list in April 2026, followed by Samco, Groww, DSP and Bajaj Finserv Multi Cap Fund.
Gold and silver prices saw a dip this today. Rising global tensions fueled inflation worries, while strong US economic data suggested interest rates would stay high.
Gold and silver ETFs slip up to 8% amid Israel attack and crude oil spike. What should investors do?
Gold and silver ETFs declined sharply on Monday as precious metal prices corrected on the MCX amid rising crude oil prices, inflation concerns and expectations of higher US interest rates. While the selloff weighed on returns, experts believe the correction offers a gradual accumulation opportunity for long-term investors through systematic investments.
220% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.20 lakh
The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond 2021-22 Series-III. Investors can redeem these bonds from June 8, 2026. The redemption price is fixed at Rs 15,512 per unit.
Zerodha Mutual Fund files draft document with Sebi for two life cycle funds
These are open-ended funds with attributes of pre-defined maturity and glide path for goal-based investing.
Four mutual funds restrict large inflows into gold ETFs and FoFs; Rs 25 crore cap imposed
South Korea and Taiwan are facing market pressure despite strong gains in semiconductor giants driving the AI boom. Heavy concentration in a few chipmakers has increased vulnerability to profit-taking and volatility, exposing the risks of narrow market leadership as investors reassess valuations amid geopolitical and economic uncertainties.
Private capex set to broaden in FY27 as rate cuts spur investment: BoB
Consumer durables, logistics, retail and capital goods likely to lead the next phase of the investment cycle.
10,000 monthly RD for 5 years: Post Office or SBIwhich gives the bigger maturity amount?
The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specific risk parameters will mandate detailed examination by the I-T Department. A June 30, 2026 deadline is set for issuing scrutiny notices under Section 143(2).
The Supreme Court backed the Madras High Court's decision to cancel a property auction for Mr. Rama's family. The bank tried to sell their properties over a defaulted loan, but legal fights and delays, including the buyers paying late, meant the sale was never finalized. Crucially, Mr.
RBI announces major rule change for NRI and OCI investors; here's what it means for your investments
The BSE Sensex has fallen over 10,000 points from its peak. Market experts suggest this presents a buying opportunity for long-term investors. Continuing Systematic Investment Plans (SIPs) is recommended to benefit from rupee cost averaging. Investors with idle cash can deploy it through staggered investments over several weeks. Diversified equity mutual funds are advised over single sector bets.
Best large & mid cap funds to invest in June 2026
Large & mid cap mutual funds blend stability from large caps with the growth potential of mid caps, offering a riskier but potentially rewarding investment. These schemes are ideal for aggressive investors with a long-term horizon willing to embrace extra risk, with fund managers adjusting allocations based on market outlook.
The 7 signs you're being targeted by an investment fraud & what to do
Retail investors can play on as AMCs cap gold bets
Three major asset management companies have imposed purchase restrictions on large investors in gold mutual fund schemes. This move aims to curb gold imports and manage strong inflows, with retail investors expected to remain unaffected. Wealth managers see this as a response to the Prime Minister's call to reduce imports, following gold's significant recent performance.
Mr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted shares. The ITAT Delhi ruled that depositing unutilized funds in the Capital Gains Account Scheme was unnecessary as the property was purchased before filing the ITR. The tribunal also clarified ownership of a single residential unit and independent computation of capital gains.
Digital arrest: How the fear scam traps victims
They pose as the police, put you under digital arrest, and tether you to a video call till your savings are gone. How Indias fastest growing fear scam, and other cyber frauds, work.
Financial freedom requires agency, accountability
I would like to place for discussion not just the question of freedom to decide, but also responsibility and accountability. Why dont we provide a monthly allowance in cases where explicit incomes that enable agency are not present? Does it denigrate the care and love to rupee terms, which makes it uncomfortable?
Why small caps could outperform mid caps
Midcap stocks have dominated performance for a decade, but a shift towards small caps is emerging. Flexi-cap funds are increasing small-cap allocations, driven by improved fundamentals and regulatory advantages. While small caps offer potential alpha, investors must navigate their inherent volatility and focus on fundamentally strong businesses.
Startup investing: High stakes, long game
Indian startup investing, once fueled by easy money, now demands caution due to market volatility and inherent risks. While success stories attract affluent investors, the reality involves illiquidity, founder ethics, and long holding periods. Experts advise a disciplined portfolio approach, thorough due diligence, and realistic expectations for those venturing into this complex asset class.
Strong Q4 earnings, driven primarily by metals
ET Wealth presents an 8-quarter earnings assessment report of various sectors. The year-on-year net profit growth for 18 sectors is presented in the table. The significant variations in the earnings growth highlight the importance of sector diversification for managing risks and returns. By Sameer Bhardwaj.
Insurance CEOs pay now tied to claim settlements
Insurance CEOs remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A trust-builder, say some experts; others arent convinced.
Bad appraisal? Avoid these mistakes for next cycle
Cold data, not emotions, will cure your appraisal hangover, says Devashish Chakravarty.
Gold and silver shine as equities stumble in 2026
Welcome to TrendMap, your quick, visual guide to the performance of different investment segments. In this edition, we present a 10-year performance tracker of various asset classes. The annual returns are ranked for multiple asset classes across equity, debt, precious metals and real estate. This map shows that no single asset class reigns supreme. Hence, diversification helps. By Sameer Bhardwaj.
RBI widens direct equity access for overseas investors
The RBI has doubled investment limits for overseas individual investors under the Portfolio Investment Scheme and extended direct equity access to all Persons Resident Outside India.
What is PMS? A guide to portfolio management
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 106th part of this series, Riju Mehta explains how this investing option is managed.
Brokers seek market maker carve-out to reduce impact of tighter bank lending norms
RBI has ordered banks to require full collateral for credit facilities used by brokers for proprietary trading, citing concerns over funds being used for equity market speculation
Equity mutual funds lose up to 10% in a week; international funds emerge as top laggards
AlphaGrep enters MF space, eyes Rs 25,000-30,000 cr AUM in 3-5 yrs; to launch maiden scheme on Jul 6
The move comes after the company received approval from the Securities and Exchange Board of India (Sebi) to commence mutual fund operations.
These 8 flexicap funds have low consistency scores. Do you own any?
Eight flexi cap funds exhibited low performance consistency over the last five years, according to CRISIL's Mutual Fund Scorecard. These funds, despite generally low risk compared to peers, showed varying investment styles and delivered CAGRs ranging from 4.79% to 10.4%.
IDFC First Bank-AU Finance Bank 661 cr fraud case: CBI raids multiple locations
The CBI said it has already filed its first chargesheet before a special court in Panchkula.
NFO Watch: 2 mutual funds will open for subscription this week. Check dates and key details
A tenant facing eviction for unauthorized construction and rent default became a co-owner mid-dispute. He purchased a 50% share of the property from a co-landlord. The Bombay High Court ruled that eviction proceedings cannot continue once a tenant acquires ownership rights. The court set aside the eviction case, restoring the trial court's decision to dismiss the suit.
CarePal Money crosses 150 cr healthcare loan run rate
Medical Management leads the disease mix at 33% of loans disbursed over the past 2.5 years, followed by Cardiology at 15% and Neurology at 14%, collectively representing over 60% of all disbursements
ICICI Prudential Large Cap, 8 other largecap funds with high performance consistency in 5 years
ICICI Prudential Large Cap Fund topped the list with a 97% performance consistency score, while eight other large-cap funds demonstrated strong return consistency and risk-adjusted performance over the past five years.
5 equity mutual funds deliver over 20% CAGR in 5 years. Do you have any?
Five equity mutual funds, led by Motilal Oswal Midcap Fund, delivered over 20% CAGR in the last five years, highlighting the strong wealth-creation potential of select midcap and smallcap schemes.
Nippon India Mutual Fund limits subscription in Gold BeES and gold savings fund
Nippon India Mutual Fund has imposed temporary subscription limits on Nippon India ETF Gold BeES and Nippon India Gold Savings Fund from June 8. While SIPs and STPs will continue within prescribed limits, fresh lump-sum investments and direct subscriptions by large investors will face restrictions until further notice.
Gold prices for Tuesday, June 6, 2026, are available from Tanishq, Malabar Gold & Diamonds, and Joyalukkas. Rates for 22k gold are provided across major cities. IBJA also offers indicative retail selling rates for various gold karats and silver.
Multicap or flexicap mutual fund for a 20-year SIP? Expert explains what investors should choose
A 37-year-old investor planning a Rs 1,000 monthly SIP for 20 years sought advice on choosing between multicap and flexicap funds. Samir Shah of Investa Financial explained the differences, highlighting risk appetite, fund manager flexibility, and goal-based investing as key factors in selecting the right mutual fund category.
Bitcoin falls below $60,000 for first time since 2024 Trump win
Bitcoin has lost more than half its value since reaching a peak above $126,000 in October last year and is now worth less than it was when crypto-friendly Trump retook the White House
Dont leave your Will at home: UK government offers official Will storage service for a small fee
Safeguard your Will with the UK government's HMCTS storage service. This official facility offers secure safekeeping for a nominal fee, preventing loss or damage. Disgruntled family members cannot tamper with Wills stored by HMCTS. The process involves posting your Will to the Newcastle District Probate Registry. A lodgement certificate will be issued upon receipt.
