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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
Professional forecasters FY27 real GDP estimate of 6.5% a shade lower than RBI
For FY28, the SPF projected real GDP growth and CPI inflation at 6.9% and 4.5%, respectively
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.
LIC discussing long-term investment instruments with regulators amid growing liabilities: CEO
He added IRDAI is proactively addressing the insurance sectors evolving market needs.
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%.
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.
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.
The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that EPFO cannot retain appeal money for nearly 11 years after a PF assessment order was set aside, depriving the assessee of its use and potential earnings.
A family's plea for a job based on compassionate appointment after 25 years has been rejected. The Patna High Court ruled that such appointments are for immediate financial relief. The court stated that a long delay significantly diminishes the purpose of the scheme. The family's claim was dismissed as it was not an immediate need.
Govt grants two-year extension to RBI Deputy Governor Swaminathan Janakiraman
Appointed in June 2023, Swaminathan Janakiraman replaced MK Jain and has been overseeing key regulatory and banking functions at the central bank
Saturday bank holiday: Are banks open or closed today on June 6, 2026?
Banks will be open today, June 6, 2026. This is the first Saturday of the month, a regular working day. Bank holidays vary by state, with the RBI issuing an annual calendar. Customers can visit branches for transactions. Online services remain available for convenience. Plan your bank visits accordingly.
16 year old student married 25 years old girl; After marriage breaks down she asks for maintenance which he denies on the ground of being a student; HC rejects his case on this ground and orders him to pay Rs 2,500 maintenance to wife.
Why Rs 1 crore term insurance cover in 2026 may not be enough for many families
Families need more than 1 crore in term insurance. Rising expenses and loans mean a higher cover is essential. Experts suggest 1.5 crore or more. Buying early offers lower premiums and secures coverage. Policies can be increased later to match growing responsibilities. This ensures financial security for loved ones.
RBI keeps repo rate unchanged at 5.25%, policy stance neutral
The RBI upped the FY27 retail inflation projection 5.1 per cent (earlier projection: 4.6 per cent) and cut the real GDP growth projection to 6.6 per cent (6.9 per cent)
Rupee gets booster shot as RBI announces measures to attract foreign capital
The measures buoyed the rupee, which posted it biggest single day gain since April 2 on Friday
4% inflation goal remains sacrosanct, says RBI Governor
It is a target that the government has given us; the target is not in abeyance at all. It remains at 4%, and that is our endeavor, says Sanjay Malhotra
Coordinated Centre-RBI measures target sustained dollar inflows
Reforms could improve reserve adequacy and bolster investor confidence
RBI eases investment norms to deepen foreign participation in equity, debt markets
Measures include higher investment limits for overseas investors in listed equities, wider access to government securities and relaxation of FPI debt investment norms
Govt sops to boost FPI returns from GSec by 15-20%
Policy aims to attract stable capital and lower borrowing costs
Bitcoin falls below $62,000 amid ETF outflows, macroeconomic jitters
Bitcoin is trying to stabilise around $64,000 after dropping over 13% in the past week, nearly halving its value since its October 2025 peak and reducing its market cap to approximately $1.27 trillion
The Latest Fixed Deposit Interest Rates: Jun 05, 2026
The Latest Fixed Deposit Interest Rates: Jun 05, 2026
The Latest Home Loan Interest Rates: Jun 05, 2026
The Latest Home Loan Interest Rates: Jun 05, 2026
ICICI Prudential Mutual Fund restricts subscription in ICICI Prudential Gold ETF
ICICI Prudential Mutual Fund has restricted subscriptions exceeding Rs 25 crore in its Gold ETF, becoming the second fund house to do so after HDFC Mutual Fund. This move aims to curb excessive financialization of gold at elevated prices, potentially impacting India's current account deficit and rupee. Investors are advised to consider profit booking and avoid fresh lump-sum allocations.
Forex reserve at healthy $682 billion, adequate to provide import cover for 11 months: RBI Guv
As of May 29, 2026, Indias foreign exchange reserves were $682.3 billion, sufficient for 11 months of imports and covering 89.1% of external debt, he said
The 8th Pay Commission is consulting stakeholders before finalising its recommendations, while central government employees await clarity on salary hikes and arrears. If implemented with a 20-month delay, arrears may be payable from January 1, 2026. Depending on the fitment factor, Level 610 employees may receive estimated arrears ranging from Rs 7.08 lakh to Rs 20.87 lakh.
HDFC Mutual Fund limits subscription in its gold ETF and FoF. What this means for investors?
HDFC Mutual Fund has temporarily restricted large lump-sum investments in its Gold ETF and Gold ETF Fund of Fund amid surging gold prices and rising inflows. While SIPs remain unaffected, the move aims to curb excessive exposure to gold, which experts warn could worsen India's import bill and current account deficit.
IVY County: At the intersection of global trends and East Bengaluru's growth story
Bengaluru's real estate focus is shifting to East Bengaluru's Sarjapur-Varthur-Gunjur corridor. This region offers significant investment potential driven by growing tech hubs, infrastructure upgrades, and increasing demand for premium homes. Corridors like Sarjapur, Whitefield, and Varthur are experiencing strong growth. Investors are prioritizing integrated ecosystems with employment sustainability and robust connectivity.
Gold prices saw a dip today, June 5, 2026. This decline followed positive news regarding potential progress between the US and Iran. Market sentiment improved as US President Donald Trump indicated advancements.
PGIM India Mutual Fund revises subscription limits in its 3 international funds
PGIM India Mutual Fund has revised daily subscription limits for three international funds, effective June 5. Fresh SIPs are capped at Rs 50,000 per day, per investor, per scheme. Existing SIPs and STPs will continue, while new STP registrations will not be accepted after June 4, 2026.
Retiring in 2026? Check how much tax-free leave encashment you can claim before filing ITR
FD interest rate up to 8.05%: 4 banks that revised FD interest rates in June 2026
Fixed deposit investors are watching interest rates closely. Several banks have revised their FD rates in June 2026. Savers can lock in attractive returns with some banks offering up to 8% interest to senior citizens on select tenures. Punjab National Bank, Ujjivan Small Finance Bank, Union Bank of India, and DCB Bank are among those with updated rates.
EPFO interest update: When will 8.25% EPF interest be credited to subscribers accounts?
RBI MPC decision: How should mutual fund investors change their strategy after rate pause?
The Reserve Bank of India maintained the repo rate at 5.25%, reflecting a cautious stance amid global uncertainties and inflation risks. Experts suggest this signals a stable interest-rate environment for debt funds in the near term, while equity investors should focus on earnings growth and global developments.
Bitcoin treasury firms shed $62 billion in deepening crypto rout
Bitcoin has dropped about 14% this week to trade around four-month lows
NFO Alert: 360 ONE Mutual Fund launches Equity Ex-Top 100 Long-Short Fund under its SIF segment Dyna
360 ONE Mutual Fund has launched the DynaSIF Equity Ex-Top 100 Long-Short Fund, an open-ended strategy focused on mid and smallcap equities for long-term capital appreciation. The fund allows limited short exposure through derivatives, aiming to generate alpha across market cycles. The NFO is open until June 19.
RBI announces five measures to attract dollars
Move comes in the face of the rupee coming under pressure amid the West Asia war, spike in crude oil prices and FPI-related dollar outflows from the Indian equity markets
RBI keeps repo rate unchanged at 5.25%, announces forex measures to attract dollars
RBI revises real GDP projection downward to 6.6% from 6.9% and ups retail inflation projection to 5.1% from 4.6% for FY27
The Reserve Bank of India has boosted investment limits for non-resident Indians, Overseas Citizens of India, and other individuals residing abroad. This move allows them to invest more in the Indian stock market without requiring SEBI registration. The enhanced limits offer greater flexibility for foreign investors looking to participate in India's financial markets.
RBI holds repo rate, but for how long will relief for home loan borrowers continue?
The RBIs decision to keep the repo rate unchanged at 5.25% has provided relief to home loan borrowers, but rising inflation could trigger future rate hikes and costlier EMIs. Borrowers can reduce interest burden through strategies such as home loan prepayments, paying an extra EMI annually, or refinancing at lower rates. These methods can save lakhs in interest and significantly shorten loan tenure.
RBI MPC Meeting 2026: Will FD interest rates increase as RBI holds repo rate?
Despite the RBI keeping the repo rate unchanged, several factors suggest banks may increase fixed deposit rates soon. Rising inflation, a high deposit-credit ratio, and attractive small savings schemes are pushing banks to offer better returns to attract investors after a period of low FD rates.
Rupee is falling: As an NRI, should you prepay your India home loan or keep the cash abroad?
Foreign investors pivot to short govt bonds ahead of policy turn
Bonds with maturities of less than five years made up over two-thirds of the top 10 notes foreign investors bought during March-May, higher than less than half of similar purchases in January-February, clearing house data showed.
Leadership exits highlight talent war in Indias GIFT City
Talent retention remains a hurdle for GIFT City despite its growing appeal to global firms
Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switching jobs. This is crucial even if their Employees' Provident Fund EPF balance is zero. Failing to do so can create gaps in pensionable service. This impacts future pension eligibility and the monthly pension amount.
HDFC mutual fund places limits on Gold ETF investments
HDFC Mutual Fund has placed restrictions on buying gold ETFs. This move affects large investors and limits monthly purchases for others. The fund house cites economic conditions and import duty discussions. Investors are encouraged to explore equity and debt funds for national growth. This aims to curb gold inflows and safeguard investors.
Neelkanth Mishra appointed Executive Director at the World Bank
Mishra is at present working as Chief Economist with Axis Bank
ICICI Bank receives SEBI warning over FPI fund repatriation lapse
The bank said SEBI issued the warning letter on June 1, 2026, which was received by the lender on June 2.
India should stop selling itself short: Citi Chief Fraser
Fraser underscored the long-term potential and trend that India inexorably is on
Fintech platform WeRize bags $7 million funding
The funding round was led by Sony Innovation Fund, with participation from existing investor 3one4 Capital.
Sundaram Home Finance plans to open 25 Emerging Business branches this year
These new branches will come up in tier-3 and -4 towns in Tamil Nadu, Karnataka, Andhra Pradesh and Telangana, the company said
PPFAS CIO Rajiv Thakkar said successful investing depends more on patience than frequent trading. He advised avoiding unnecessary selling, profit booking and reactionary decisions, while exiting only for capital needs, mistakes, fraud, structural disruption, extreme valuations or better opportunities.
HDFC Mutual Fund restricts lumpsum subscriptions in its gold ETF and fund of fund
HDFC Mutual Fund has temporarily restricted lumpsum investments in HDFC Gold ETF and HDFC Gold ETF Fund of Fund. The move limits large subscriptions and switch-ins, while existing scheme terms remain unchanged. The restrictions take effect from June 5 and June 8 until further notice.
BharatPe and YES Bank introduce BharatPe Flex, a new credit-on-UPI service. This facility allows eligible users to make UPI payments even without immediate funds. Customers enjoy up to 45 days of interest-free credit. They can repay in full or opt for flexible EMIs from 3 to 12 months.
NFO Alert: Motilal Oswal Mutual Fund launches BSE Clean Environment Index Fund
Motilal Oswal Mutual Fund has launched the Motilal Oswal BSE Clean Environment Index Fund, an open-ended scheme tracking India's first diversified clean economy index. The NFO, open from June 5 to June 19, offers passive investment in five transformative themes: Renewables, EVs, Water Treatment, Recycling, and Waste Management, aiming for long-term capital appreciation.
Helios Capital founder Samir Arora believes investor pessimism toward India is driven more by a negative halo effect than weakening fundamentals. Speaking at the ET Alpha Wealth Summit, he argued that concerns around AI, valuations and FII selling are overstated, while Indias long-term earnings and growth story remains intact.
Fifteen years ago, Panvel was a barren hillock, but Vijay Wadhwa envisioned it as Mumbai's next urban center, addressing the city's growing pressures. Wadhwa Wise City was conceived to offer a better quality of life, blending opportunity with well-being. Strategic infrastructure projects and coordinated planning are transforming Panvel into a future-ready hub.
Central Bank of India expects over 3,500 cr recovery from bad loans in FY27
The bank had made total recovery of 3,307 crore during financial year ended March 2026
Reliance traders said to game plan in case RBI raises rates
One proposal suggests shifting Reliances cash from liquid mutual funds to short-dated money market instruments, sources say
Rs 1 lakh investment in NSC: What will be maturity value after 5 years?
National Savings Certificate provides a secure investment option. With a 7.7% interest rate, a Rs 1 lakh investment grows to over Rs 1.44 lakh in five years. Tax deductions are available under Section 80C for those following the old tax regime. NSC accounts can be transferred in specific situations.
He believes a combination of free trade agreements (FTAs), a weakening rupee, and shifting global supply chains could create a massive opportunity for Indian exporters over the coming decade.
Gold prices saw a slight dip on Thursday, June 4, 2026, following news of a ceasefire agreement between Israel and Lebanon. This diplomatic development sparked optimism for broader progress, potentially impacting the Iran dispute. Major jewelers like Tanishq, Kalyan Jewellers, Joyalukkas, and Malabar Gold & Diamonds reported marginal decreases in 22k gold prices compared to the previous day.
DSP Mutual Fund CEO Kalpen Parekh advised investors to seek future alpha in out-of-favour areas, not recent winners. He emphasized that market leadership rotates and diversification across asset classes can reduce volatility without sacrificing long-term returns, urging a focus on neglected opportunities.
NPS-Lite subscribers can now withdraw their entire accumulated pension wealth up to Rs 2 lakh as a lump sum, the Department of Posts announced. PFRDA's revised regulations offer enhanced flexibility, allowing this option for smaller corpus amounts. This move aims to simplify withdrawals for eligible subscribers, particularly those not auto-migrating to Atal Pension Yojana.
Income tax return filing 2026: 5 reasons smart taxpayers file ITR even when not mandatory
Visa signs Shah Rukh Khan, launches Infinitely More campaign targeting Indias affluent consumers
Visa launched Visa.co.in, a platform offering curated lifestyle benefits and rewards for eligible cardholders
8 smallcap funds struggled with consistency in the last 5 years. Do you own any?
Eight smallcap mutual funds showed low five-year performance consistency, according to CRISP Scorecard, with varied risk profiles, investment styles, and moderate returns across LIC MF, ICICI Prudential, SBI, and Kotak funds.
Money market volumes hit record high as bank lending booms
Value of trades in tri-party repurchase segment hit all-time high of 5.5 trillion rupees on May 13 and has stayed elevated since
Loan recovery agent harassing you? Know these 6 borrower rights that can protect you
MF Tracker: Can ICICI Prudential Multicap Fund sustain its strong track record in a volatile market?
ICICI Prudential Multicap Fund has demonstrated a decade of positive calendar year returns, with 2021 and 2023 yielding the highest gains. The fund's consistent performance is attributed to its disciplined multicap structure and strategic sector allocation, as highlighted by fund managers and financial experts.
Best mid cap mutual funds to invest in June 2026
Mid cap mutual funds have seen a strong rally, leading to investor anxiety about current valuations. While these funds offer potential for high returns, they also carry significant risk due to volatility and corporate governance concerns.
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
Waiting for Form 16? Heres when employers may issue it for AY 2026-27 ITR filing
Salaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form simplifies Income Tax Return filing. Those without Form 16 can still file using salary slips, Form 26AS, and bank statements. The deadline for filing ITR for this period is July 31, 2026.
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
