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Prudential sells 4.5% stake in Indian asset management JV for $545 million ahead of IPO
The fund house is a joint venture between ICICI Bank, Indias second-largest private lender, which holds 51% and Prudential, which owns the rest
HDFC Defence Fund boosts stake in Bharat Dynamics and 3 others, trims holdings in 2 stocks
HDFC Defence Fund, Indias only actively managed defence-focused fund, increased its holdings in Bharat Dynamics and three other stocks in November, while trimming stakes in two others. The fund added 1.5 lakh shares of Bharat Dynamics, raising its total to 27 lakh, and acquired around 10 lakh shares of Bharat Electronics during the same period, reflecting a selective portfolio adjustment.
Best focused mutual funds to invest in December 2025
According to Sebi norms, focused equity mutual fund schemes must invest in a portfolio of maximum 30 stocks. These schemes have no other restrictions when it comes to investing- like flexi cap schemes they can invest in any market capitalisations and sectors. If that investment strategy appeals to you, you can get to know more about focused equity schemes.
PFRDA widens investment rules, allows pension funds to invest in top 250 stocks and commodity ETFs
The regulator has also approved investments in gold and silver ETFs, enabling exposure to commodities for the first time
Divided Fed cuts rates, hints at a pause and just one cut next year as growth rebounds
With incomplete economic data after a lengthy government shutdown, the Fed expects inflation to ease to around 2.4% next year even as growth strengthens.
SBI, BoB get RBI nod to set up fraud detection platform
Indian Digital Payment Intelligence Corporation will be established as a Section 8 company (a special type of non-profit organisation) under the Companies Act, 2013
BoI raises 2,500 crore via Tier II bonds at 7.28%
The base issue size was 1,000 crore with a green shoe option of 1,500 crore
Jio Financial and Blackrock pump Rs 229 crore into their joint venture AMC business
Jio Financial and BlackRock infused Rs 229 crore each into their joint venture to accelerate the expansion of Jio BlackRock Asset Management. The capital will support scaling a low-cost, tech-driven mutual fund platform leveraging Reliances digital reach and BlackRocks global investment expertise.
IndusInd Bank chief Mehta could exit bank next month, say sources
Mehta, former chairman at YES Bank and Punjab National Bank, steered IndusInd through its leadership crisis earlier which unfolded after the bank reported discrepancies in its derivatives portfolio which led to around Rs 2,000 crore impact on balance sheet.
Energy transition-focused fund Transition VC closes its debut fund at 700 cr
More than half of the fund has already been committed, and the firm is actively looking to deploy the remaining capital into founders building high-conviction solutions across the energy transition spectrum
ITR intimation: When do you receive it, what is the password, and how to respond
Once your ITR is processed, the Income Tax Department sends an intimation under Section 143(1) to inform you whether you owe additional tax or are eligible for a refund.
Lost money badly? Heres how to rebuild your finances step by step
Central government employees and pensioners await a clear decision on whether 8th Pay Commission arrears will be provided from January 1, 2026. While past practices suggest arrears from the previous commission's culmination date, the government has not confirmed this for the 8th CPC, leaving the implementation date uncertain.
5 retirement planning blunders that could turn a comfortable retirement into a financial struggle
Most Indians either start retirement planning too late or don't plan at all, hoping an abstract retirement corpus will be enough. But once retirement arrives, that comfortable nest egg might fall short. Here are five critical mistakes that could leave you struggling in your golden years, and how to avoid them.
Planning to invest in Parag Parikh Large Cap Fund? 6 key differences from PPFAS MFs flexi cap fund
PPFAS Mutual Fund, known for operating a single equity scheme for over 12 years, is set to launch a largecap fund in January 2026. Unlike the existing flexi cap scheme, the new fund will follow a rules-based approach, stay fully invested, and focus on Nifty 100 stocks while targeting smart execution.
Bank of Baroda launches Masterstroke campaign with Sachin Tendulkar
The campaign promotes four retail banking products: home loans, car loans, MSME loans through bob Digi Udyam, and the bob Masterstroke Lite Savings Account
Advance tax calculator 2025-26: How much you must pay on salary and LTCG income
As we approach FY 2025-26, it's essential to get a grip on advance tax, particularly for those relying on salary income or long-term capital gains. If your estimated tax dues go over Rs 10,000, you must make advance payments. Good news for salaried professionals: if TDS applies to your situation, you may be off the hook.
Top 5 smallcap mutual funds offer over 20% annualised return in 3 years
The top five smallcap mutual funds have delivered over 20% annualised returns in three years, while the weakest performers lost up to 15%, ETWealth data shows.
SMFG India Credits digital business hits 25% of total portfolio
The digital segment has grown at a 45% compound annual growth rate over the past two years, driven primarily by partnerships with fintech companies targeting small merchants, gig workers, and self-employed borrowers
India's Income Tax Department is collecting substantial revenue from cryptocurrency transactions. Over Rs 1,100 crore in tax has been gathered in the last three financial years. Maharashtra alone contributed 60% of this amount. The government has also taken action against crypto exchanges, uncovering over Rs 1,000 crore in undisclosed income related to virtual digital assets.
Share of over-five-year holdings in industry AUM doubles in five years: Report
Over the past five years, the share of over-five-year investment holdings in India has more than doubled, reflecting growing investor trust. From 6% in March 2020, long-term holdings rose steadily to 16% by March 2024, while short-term and medium-term holdings gradually declined or stabilised.
Confused between real estate, mutual funds or REITs for a 10-year investment horizon? Heres what ETWealth suggests for individuals with a Rs 30 lakh corpus.
NFO Alert: Axis Mutual Fund launches Axis Gold & Silver Passive FoF
Axis Mutual Fund has launched the Axis Gold & Silver Passive FoF, offering investors a simple way to gain balanced exposure to gold and silver through ETFs. The NFO is open until December 22, with a minimum investment of Rs 100. The fund aims to provide diversification and inflation-hedging benefits.
Will my life insurance policy be affected if I change my nationality?
ET Wealth Reader's Query: Please clarify how, if at all, my LIC life insurance policy will be affected if I take a passport of some other nationality?
The Ahmedabad branch of the Income Tax Appellate Tribunal has issued a pivotal judgment, reaffirming that agricultural land retains its status, even with the imposition of higher stamp duty. This ruling originated from a situation where a taxpayer faced additional income tax liabilities.
JioBlackRock Flexi Cap Fund has significantly reshuffled its holdings, exiting Tata Motors and 14 other stocks in November. The fund welcomed Canara Bank and Adani Energy Solutions among 11 new additions. Exposure was boosted in about 40 stocks, while nine saw reduced investment, reflecting an active strategy in a dynamic market.
2,000 crore returned so far under 'Your Money, Your Right' initiative
Indian banks are holding 78,000 crore of unclaimed money, while insurance companies have nearly 14,000 crore lying unclaimed
Employer deducted TDS but didnt deposit it: ITAT Kolkata saves employee from Rs 14 lakh tax demand
In a noteworthy decision, the Income Tax Appellate Tribunal in Kolkata has come to the aid of an employee who found themselves in a challenging situation. Despite the employer's failure to remit TDS deductions to the government, the Tribunal ruled that the employee should not bear the brunt of this oversight.
10 inventions that completely transformed how you save, spend and grow money
Struggling with multiple loans? Heres how debt consolidation can save your finances
Edelweiss to tap small-town India in race to capture new wealth
When the company opens a new presence in a Tier 3 city, the outlet is able to break even in as early as 18 to 24 months, Edelweiss AMCs CEO Radhika Gupta said
Take home salary may drop for new employees under new Labour Code 2025: What jobseekers must know
A new labour code effective November 21, 2025, requires wages to be at least 50% of an employee's CTC. This change may increase overall salary costs by 5-10%. Employers might restructure CTCs for new hires to manage higher gratuity and PF liabilities. Existing employees' CTCs cannot be unilaterally reduced. Companies with lower wage components will see the most impact.
Best flexi cap mutual funds to invest in December 2025
Flexi cap mutual funds provide investment flexibility across market caps and sectors. Fund managers can adapt strategies based on market outlook. These funds are recommended for moderate investors aiming for long-term wealth growth. Investors should align fund choices with their risk appetite.
USD vs INR: Is it the best time for NRIs to transfer money to India as Rupee falls below 90 per USD?
The Indian rupee has hit a historic low against the US dollar, crossing 90. This presents a significant opportunity for Non-Resident Indians (NRIs) to convert dollars to rupees, potentially gaining more value. While converting now offers an advantage, experts advise a staggered approach to manage risks and capitalize on future currency movements.
Bajaj Finance Share Price Live Updates: Bajaj Finance's three-month return showcases market strength
M&M Share Price Live Updates: M&M's three-month returns fall into negative territory
Why are hybrid funds gaining traction as equity markets hit new highs?
As equity markets reach new heights, hybrid mutual funds are gaining traction for their automatic asset allocation and tax efficiency. These funds invest across multiple asset classes like stocks, bonds, and gold, offering investors a convenient way to manage diversified portfolios. Hybrid funds with over 65% equity are taxed as equity, providing tax advantages on long-term capital gains.
Credit provided by capital markets will overtake bank credit: Kotak Mahindra AMC chief Nilesh Shah
Mutual fund credit is set to surpass bank credit. Nilesh Shah of Kotak Mahindra AMC predicts this shift. He urges Indians to invest wisely, moving away from unproductive habits. Radhika Gupta of Edelweiss Mutual Fund suggests incentives for early investment. A lock-in period could encourage long-term wealth creation for young investors.
Lenders unlikely to sharply cut deposit, MCLR rates despite repo cut, senior bankers say
In response to the cumulative 100 bps cut between Feb-Oct 2025, the weighted average lending rate (WALR) of banks declined by 69 bps for fresh rupee loans, while WALR of outstanding rupee loans reduced by 63 bps
Authorised Dealers to disclose transaction costs for foreign exchange contracts to retail users: RBI
Transaction cost will include remittance fees, foreign exchange rate, currency conversion charges etc
RBIs $5 billion dollar/rupee swap aims to stabilise the rupee without depleting forex reserves
They believe the central bank may have hit upon the aforementioned strategy to stabilise the Rrupee, which vaulted over the psychologically crucial 90 to the Ddollar mark last week
Avoid complacency and remain vigilant in a dynamic environment, RBI Guv Malhotra tells top bankers
In latest bi-monthly monetary policy statement, Malhotra highlighted that the system-level financial parameters related to capital adequacy, liquidity, asset quality and profitability of Scheduled Commercial Banks continue to remain robust
Anil Ambanis son Jai Anmol under CBI glare in 228 cr bank fraud case
A bank has accused RHFL, its then director Jai Anmol Ambani, and former CEO Ravindra Sharad Sudhakar of defaulting on credit facilities which eventually led the account to be classified as NPA in 2019
SBI to hire around 16,000 people each fiscal, open 200-300 branches in FY26: Chairman
The bank aims to use its wholly owned subsidiary State Bank Operations Support Services (SBOSS) in rural and semi-urban areas
LICs Protection Plus explained: Premium options, maturity benefits and key features
The Kerala government has released its list of public holidays for 2026, designating specific days for state employees, banks, and financial institutions. The notification, issued under the Negotiable Instruments Act, includes a comprehensive list of festivals and observances, with Sundays also declared as public holidays.
Indias mutual fund and equity assets set to grow more than sixfold by FY2035 : Report
Indias mutual fund AUM is projected to surpass Rs 300 lakh crore by 2035, with direct equity holdings expected to reach Rs 250 lakh crore over the same period, signalling a major shift in the countrys investment landscape, according to a report How India Invests 2025 released by Bain & Company in partnership with Groww.
RBI eases reorganisation norms, reducing operational disruption for many bank groups: Crisil Ratings
RBIs final guidelines streamline bank reorganisation, enhancing compliance while allowing flexible lending overlaps, says Crisil Ratings.
Quant Small Cap Fund: NBCC, Delhivery among key stocks bought and sold in November
Quant Small Cap Fund had an AUM of Rs 30,170 crore as on November 28, 2025. Here is what the smallcap fund bought and sold in November.
CBI books Anil Ambani's son, Reliance Home Finance in 228-crore bank fraud case
CBI acted on a complaint filed by Union Bank of India against Reliance Home Finance, Jai Anmol Anil Ambani and Ravindra Sharad Sudhakar, both directors in RHFL
Zoho launches new billing and spend tools for enterprise users
The 2 new solutions will help finance teams monetise with modern revenue strategies, improve spend controls, streamline procurement, and gain end-to-end financial visibility
SBI Card is revamping its domestic airport lounge access program effective January 10, 2026, categorizing lounges into Set A and Set B based on card type. A Rs 2 authorization fee will apply to VISA and RuPay cards, while Mastercard users will see a temporary Rs 25 charge. Visit limits and extra charges for food and services will apply.
Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this
The Finance Ministry said that new Income Tax Return forms will be released before the financial year 2027-28. This follows a query in Lok Sabha regarding the issuance timeline. The ministry is working on consolidating and simplifying these forms and consultations with experts are underway to ensure user-friendliness and reduce taxpayer burden, says the minister.
Adani Energy Solutions, Adani Green see Moodys outlook raised to stable; ratings affirmed
Moodys revises its outlook to stable for key Adani Group energy and renewable subsidiaries, affirming their ratings on the back of steady operations, predictable cash flows and fully amortising debt structures, while noting manageable risks tied to weak state discoms and long-term licence periods.
Kotak MFs Nilesh Shah says Chinas trade surplus topping $1 trillion in 11 months is not just due to innovation and competitiveness, but also a largely overlooked factor a deliberately undervalued yuan boosting export advantage.
Kaynes Technology shares fall over 30% in 5 days. Does your mutual fund hold it?
Kaynes Technology shares have plummeted nearly 31% in five days following a critical Kotak Equities report. The note highlighted inconsistencies in financial disclosures and related-party transactions, including missing inter-company transactions and concerns over goodwill and contingent liabilities. This has led to a reduction in holdings by several mutual funds.
Mirae Asset Investment Managers announces a leadership transition in its fixed income division, with Basant Bafna to assume responsibilities for overseeing the fixed income portfolio. Mahendra Jajoo, who guided the fund houses debt AUM from Rs 321 crore in 2016 to over Rs 32,000 crore by 2025, has completed the CIO transition process
Wealth quote of the day by Warren Buffett: Be fearful when others are greedy and greedy
Warren Buffett, widely celebrated as a master strategist in wealth management, imparts invaluable wisdom that transcends generations. His famous adage urges investors to cultivate caution in times of greed and to embrace risk in periods of fear.
Rs 1 crore shortfall in retirement corpus if you misjudge inflation by 1%: things to watch out for
Inflation quietly eats away at your retirement savings. What costs 50,000 monthly today could demand over 2 lakh in 30 years. Learn how to build a retirement corpus that grows faster than prices rise and keeps your money working even as you spend it.
High salary trap: Why big earners still feel broke & how to break free
IndiGo shares down 17% in 8 days. Which mutual funds have highest exposure in this stock in October
InterGlobe Aviation, the parent of IndiGo, has seen a sharp stock decline of nearly 17% over eight days following widespread flight cancellations linked to new pilot duty norms. Mutual funds hold significant exposure to the stock, with ICICI Prudential, SBI, and HDFC among the largest investors. IndiGo has responded to the DGCAs show-cause notice, citing revised duty norms and minor technical issues as key factors behind over 2,000 cancellations in the past week.
Smallcap mutual funds down by 5% in 2025. Should you increase exposure or stay cautious?
Small cap mutual funds have seen a nearly 5% average decline in 2025 so far, with experts advising investors with a 3-5 year horizon to increase exposure. Despite short-term volatility, historical data suggests small caps rebound strongly, making long-term investment crucial for wealth creation.
HDFC Bank Share Price Live Updates: HDFC Bank's Current Trading Price
UPL Share Price Live Updates: UPL's Current Trading Status
TCS Share Price Live Updates: TCS Market Update
Eicher Motors Share Price Live Updates: Eicher Motors Daily Price Snapshot
Tech Mahindra Share Price Live Updates: Tech Mahindra Faces Downward Price Breakout
Power Grid Share Price Live Updates: Power Grid's Price Movement Analysis
HUL Share Price Live Updates: HUL's Price Movement Today
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Price Analysis
Hero MotoCorp Share Price Live Updates: Hero MotoCorp's Performance Snapshot
Britannia Share Price Live Updates: Britannia's Current Market Price
Dr Reddys Share Price Live Updates: Dr. Reddys Stock Update
ITC Share Price Live Updates: ITC's Price Movement Today
ICICI Bank Share Price Live Updates: ICICI Bank's Current Trading Price
Asian Paints Share Price Live Updates: Asian Paints Price Decline Report
Bajaj Finance Share Price Live Updates: Bajaj Finance Price Movement Analysis
Hindalco Share Price Live Updates: Hindalco's Recent Trading Insights
RIL Share Price Live Updates: RIL's Current Trading Price
Grasim Inds Share Price Live Updates: Grasim Industries Market Performance
M&M Share Price Live Updates: M&M's Current Price Analysis
Axis Bank Share Price Live Updates: Axis Bank Daily Price Update
Gold prices rose 139% in 3 years: Can the yellow metal rise more, what should investors do?
Gold prices have seen a significant surge, prompting investors to re-evaluate strategies. Experts suggest buying gold during price dips for long-term wealth. They recommend a gradual accumulation approach, considering gold as a safe haven asset. Investors should choose investment forms like ETFs or Sovereign Gold Bonds for cost efficiency and liquidity.
The Gujarat High Court has made a significant ruling, establishing that disability pensions are not subject to income tax, even for individuals who voluntarily retired. The court has instructed the income tax department to issue refunds for any taxes levied on these pensions.
New Labour Code 2025 brings big relief: Faster action on unpaid salary & workplace disputes
New Labour Codes 2025 bring significant changes. Offences punishable by fine only can now be compounded. This allows employers to pay a set amount, avoiding lengthy legal battles. Employees can receive unpaid dues faster. This reform aims for quicker dispute resolution and better compliance, balancing worker and growth needs.
City Union Bank, SalarySe partner for a credit card exclusively for salaried employees
The Level Up Credit Card introduces a Salary Day Bonus feature, offering up to 37.5% rewards on salary disbursement days, enabling employees to maximise returns on essential expenses coinciding with payroll cycles
IDFC FIRST Bank launches upgraded version of its FD-backed credit card
The card is available against an FD from 20,000 and is open to all applicants aged 18 and above
CBDT sends over 44,000 communications to taxpayers to disclose crypto transaction
Meanwhile, mop up through TDS on transaction of crypto has more than doubled in three years, Finance Ministry data, presented in Lok Sabha showed
Rate cut, USD/INR buy/sell swap announcements weigh on rupee
Indian currency slips past 90-mark again vs dollar
