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Elder care: Costs, services, key checks to conduct
Elder care firms offer vital support for ageing parents of distant children. These companies provide healthcare, companionship, and daily assistance to seniors. Many non-resident Indians and those living far away utilize these services. India's senior population is growing, increasing the demand for elder care. Companies ensure safety and peace of mind for families with their services.
Presumptive taxation regime: What changes now?
Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them into a single section. While this structural consolidation is welcome, it does introduce substantive changes that could raise taxable income and cause fresh compliance issues.
Is borrowing money to invest in IPOs worth it?
India's primary market anticipates a busy season with major IPOs approaching. Many investors are borrowing funds to maximize their application sizes. This trend is fueled by increased retail participation and convenient application methods. However, borrowing carries significant risks, including allotment and weak listing uncertainties. Careful consideration of costs and potential returns is essential before leveraging for IPOs.
Neelesh Surana on risk-reward scenario across m-caps
Mirae Asset Investment Managers (India)s equity funds have experienced a period of underperformancethe first major blip since inception in 2007. Chief Investment Officer Neelesh Surana speaks to Sanket Dhanorkar on his market outlook and fund strategies.
Taxation for influencers, gig workers simplified
Indian influencers and gig workers face significant tax compliance challenges. Many struggle with tracking income and claiming eligible deductions accurately. Discrepancies in TDS reporting create difficulties when filing income tax returns. Uncertainty surrounds the classification of influencers as businesses or professionals for taxation. Clearer guidelines are needed to simplify tax procedures for this evolving sector.
Parental coverage in group insurance: In or out?
A large number of senior citizens find it difficult to get individual insurance covers. Insurers may charge higher premiums or decline coverage. So, while the premium comparison is made between the group rates and the lowest available individual rate, the possibility of getting standalone coverage is lower. Under a group plan, however, coverage is usually guaranteed.
SWPs becoming financial trap for surviving spouses?
It is often witnessed that the aggression of marketing executives in AMCs to onboard an investor is not reciprocated while settling death claims, when the bereaved family expects empathy and handholding, and the funds to relieve them from the stress of having lost a loved one. Sebi should review the ground-level situation with SWPs becoming a financial trap for surviving spouses.
Why is RBI reducing short dollar forward position?
The Reserve Bank of India is carefully unwinding its large bearish dollar position. This move aims to support the rupee without causing market instability. Recent measures are attracting foreign capital, aiding the central bank's strategy. However, the pace of unwinding is crucial to avoid currency depreciation pressure. The RBI faces a delicate balancing act in managing its forward exposure.
Tax penalties under different Sections explained
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 111th part of this series, Riju Mehta lists some of the penalties you may be liable to pay.
IT, banks, pharma, energy, or metals: 2026 winner?
TrendMap presents a 10-year performance tracker of domestic market sectors. Nine key NSE Sector indices show annual returns ranked by performance. Metals remain the long-term leader despite market cycles and volatility. Data includes YTD for 2026 and historical trading day closing values. This analysis covers Auto, Banks, Energy, FMCG, Infra, IT, Metals, Pharma, and Realty.
Mutual Fund Sahi Hai: SBI Fund Management IPO creates 13 crorepati employees
Deputy Managing Director, DP Singh and CIO, Srinivasan Rama Iyer top the list, with holdings worth more than 100 crore each
HDFC Bank workforce drops by over 3,300 as operations automated
As of March 31, the banks staff decreased to 211,178, with new hires down by 3,811, according to its annual report released Saturday
Gaurik Shah, Senior Vice President Equity Investments at Mirae Asset Mutual Fund, discusses his journey from software engineering to quantitative investing, his process-driven investment philosophy, and the responsibility of managing investors' wealth.
Indian Bank aims to recover 5,500 from bad loans during FY27: MD Binod Kumar
the Chennai-based bank hopes to realise 500 crore during the ongoing financial year from cases listed before NCLT
Equity mutual funds delivered strong returns last week, led by sectoral, thematic and international schemes. Mirae Asset Hang Seng TECH ETF FoF topped the list with a 6.38% gain, while technology-focused and business cycle funds dominated the top performers.
Seven mutual fund NFOs raised Rs 460 crore in June, with WhiteOak Capital Aggressive Hybrid Fund dominating collections. Index funds and ETFs saw relatively muted inflows, while the lone large and mid cap fund also contributed modestly. The data reflects selective investor participation in new fund launches amid evolving market conditions.
SIF inflows: Hybrid long-short funds account for 67% of total SIF AUM at Rs 11,910 crore
SIF inflows surged in June, led by hybrid long-short funds, which dominated with over Rs 11,900 crore in AUM. Total inflows rose sharply month-on-month, with most strategies witnessing traction, while sector rotation funds remained negligible. Data highlights growing investor preference for hybrid long-short strategies within the evolving SIF landscape in India.
How to check Annual Information Statement (AIS) before filing ITR: Step-by-step guide
Taxpayers must review their Annual Information Statement before filing their Income Tax Return. This statement details financial transactions linked to a taxpayer's PAN for a specific year. Information is dynamically updated throughout the year as reports are processed by various entities.
We remain committed to maintaining the highest standards of transparency, accountability and oversight, Mistry said in a message to shareholders
Shriram Finance Limited has revised its fixed deposit interest rates starting July 2, 2026. Regular depositors will now earn up to 7.50% annually on specific tenures. Senior citizens will receive an enhanced rate of 8% on these fixed deposits.
Why investors are pouring money into midcap and smallcap mutual funds again
Investor interest in midcap and smallcap mutual funds saw a strong comeback in June. These funds attracted significant inflows, becoming major contributors to equity mutual fund recovery. Broader market stock performance encouraged investors to increase allocations to these segments. Midcap and smallcap funds delivered notable returns, reflecting renewed investor confidence. The net assets under management for these categories also experienced substantial growth.
Gold jewellery rates saw a slight decrease across major brands today. Tanishq's 22-carat gold price dropped to Rs 13,275 per gram. Malabar Gold & Diamonds and Joyalukkas also listed 22-carat gold at Rs 13,230. Kalyan Jewellers has yet to update its prices for the day. IBJA's indicative rates serve as a benchmark for the country.
Sovereign Gold Bond investor alert: Check July 2026 premature redemption calendar and schedule
Sovereign Gold Bonds offer investors a chance for early redemption after five years. Specific tranches are eligible for premature exit in July 2026. Investors must submit redemption requests within strict official timelines. These requests are processed through banks, post offices, and other designated channels. Missing the submission window may result in the rejection of redemption requests.
These 9 equity mutual fund categories see inflows in June; midcap funds emerge on top
Equity mutual fund inflows climbed 26% in June to Rs 28,973 crore, led by strong investments in midcap, smallcap and flexicap funds, while ELSS and dividend yield funds continued witnessing net outflows.
Tata Asset Management elevates Anand Vardarajan as CEO and MD, Prathit Bhobe steps down
Anand Vardarajan will become Tata Asset Management's Chief Executive Officer and Managing Director. He takes over from Prathit Bhobe, who steps down in July 2026. Vardarajan has been with the company since 2018, serving as Chief Business Officer. Hemant Kumar is appointed Chief Business Officer, overseeing various business functions. These appointments ensure a smooth leadership transition for future growth.
Mutual fund SIP stoppage ratio slows to 91% in June as new SIP registrations outpace closures
The mutual fund SIP stoppage ratio eased in June, falling below 100% for the first time in months. More new SIPs were registered than those discontinued or completed their tenures. SIP contributions reached a record Rs 31,781 crore, showing investor confidence in long-term investing. Retail mutual fund assets and folios also saw an increase during the month. This trend reinforces disciplined investor participation in India's growth story.
IREDA classifies Gensol Engineering, subsidiary as fraud accounts
IREDA said Gensol Engineerings account has been classified as fraud on grounds of alleged misappropriation and criminal breach of trust and forgery with the intention to commit fraud
Sebi lets mutual funds use intraday borrowing
Sebi has issued revised norms for mutual fund intraday borrowing. These new rules will become effective from September 1, 2026. Mutual funds can now borrow temporarily to manage liquidity mismatches. This allows them to meet unit holder payouts and investment pay-ins. The borrowing quantum will be linked to expected daily receivables.
Sold property for Rs 2.63 crore and reported Rs 16.33 lakh LTCG, claimed home loan interest, travel, water, electricity and brokerage as expenses; Tax dept denied the expenses; ITAT Bangalore allows partly allows his expenses claim. Know why did the NRI win the tax case in ITAT Bangalore.
Karnataka RERA ordered a builder to provide promised amenities within ninety days. The builder failed to deliver Cauvery water and electricity meters for six years. He must now transfer land Khata and common facilities to the homeowners' association. The RERA Act protects homebuyers and ensures developers fulfill past promises. This ruling mandates builders adhere to agreed amenities and their maintenance.
Saturday bank holiday: Are SBI, HDFC Bank, ICICI Bank open or closed today on July 11, 2026?
Banks will remain closed on Saturday, July 11, 2026? Digital banking services will continue to be available for customers even if banks are closed. Routine transactions can be performed using mobile and internet banking applications.
The Kotak Bank chief observed that the Banks structural strength lies in its diversified financial conglomerate model, which offers virtually every financial product
Bank of Maharashtra reports 27% profit increase in Q1FY27
BoMs net interest income was up 14.53 per cent y-o-y at Rs 3,770 crore (Rs 3,292 crore in the year ago period)
Marc Andreessen, Raghuram Rajan join Federal Reserves monetary policy review initiative
The AI-focused panel will assess the impact of emerging technologies on productivity and employment
Who is on Fed Chair Kevin Warshs monetary policy review task forces?
Former RBI Governor Raghuram Rajan joins Marc Andreessen, Mervyn King, Greg Mankiw, Thomas Sargent, Raj Chetty and Microsofts Asha Sharma on Fed Chair Kevin Warshs Federal Reserve policy review panels
Indian Bank currently offers a rate of interest of 6 per cent on such FCNR (B) deposits
Sebi allows mutual funds to use intraday borrowing to manage liquidity mismatches
Starting September 1, 2026, SEBI allows mutual funds to use intraday borrowing to manage short-term liquidity mismatches for payouts. Asset management companies must cover all borrowing costs, ensuring no financial risk is passed on to the scheme investors.
The Employees' Pension Scheme, 2026, introduces significant changes for EPF members. Withdrawal benefits now require a 36-month waiting period after exit. Existing members will seamlessly continue their coverage under the new scheme.
The waiting game: Why the UKs stablecoin moment is now
Global stablecoin market value exceeds three hundred billion dollars, dominated by US dollar denominations. The United Kingdom faces a strategic challenge to increase its presence in this evolving financial architecture. Stablecoins offer efficiency in cross-border payments and programmability for the AI economy. Risks exist but are manageable with appropriate regulatory frameworks and clarity. India must also develop a clear stablecoin policy to avoid falling behind global trends.
You must know certain things about your money, growing it, making it work hard for you to see the growth on a practical level. Being financially rich and having the ability to live like a millionaire are fundamentally two very different things, Ferriss states in his book The 4-Hour Workweek.
Gold ETFs witness 570% surge in inflows in June, silver ETFs follow with 300% jump
Gold ETF inflows surged to Rs 3,443 crore and silver ETF inflows reached Rs 4,286 crore in June, reversing recent outflows. Investors increased allocations despite negative monthly returns, highlighting continued demand for precious metals as strategic portfolio diversification and passive investment options.
8th Pay Commission salary calculator: Employee bodies are demanding higher house rent allowance percentages for central government staff. The 8th Pay Commission's meeting in Kolkata will conclude today. HRA is a significant salary component, directly linked to basic pay revisions. Calculations show potential HRA increases with different fitment factors. These estimates illustrate the impact of revised basic salaries on employee allowances.
Bank of Maharashtra Q1 results: Profit jumps 27% to 2,020 cr
Total income for Q1 FY27 rises to 9,063 crore from 7,879 crore in the same period a year ago
SCSS vs MIS: Which offers higher interest on a Rs 5 lakh investment?
Senior Citizens Savings Scheme offers a higher interest rate than the Post Office Monthly Income Scheme. An investment of five lakh rupees in SCSS yields approximately forty-one thousand rupees annually. The Post Office Monthly Income Scheme provides nearly thirty-seven thousand rupees in annual interest. SCSS offers tax benefits on principal investment under Section 80C of the Income Tax Act.
Indian Bank Q1FY27 profit up 10% at 3,273 crore
Total income grew to 20,724 crore during the quarter, up from 18,721 crore in the same quarter of FY26
Confused about ITR forms? Check the right ITR for salaried, pensioners, students and other taxpayers
Salaried individuals, pensioners, and students must select the appropriate ITR form for AY 2026-2027. Taxpayers not requiring an audit can use ITR-1, ITR-2, or ITR-3 for their filings. The due date for filing income tax returns is July 31, 2027. Certain transactions necessitate filing an ITR even below basic exemption limits. Understanding these guidelines ensures accurate tax compliance for all individuals.
New tax regime: 7 smart ways salaried employees can reduce their tax while filing ITR in 2026
Planning to invest in largecap mutual funds for 3 years? Here are 5 top performers with 19% gain
Five Nifty Next 50 ETFs topped large-cap fund performance with annualised returns of nearly 19% over three years, while five BSE Sensex index funds lagged, delivering modest single-digit annualised returns between 6% and 6.7%.
Mutual fund SIP inflows hit 3-month high of Rs 31,781 crore in June
Mutual fund SIP inflows rose to a three-month high of Rs 31,781 crore in June, up 3% month-on-month and 17% year-on-year, according to AMFI data. Equity mutual fund inflows also rebounded sharply, jumping 26% from May to Rs 28,973 crore, reflecting stronger investor participation and renewed interest in equity schemes amid improving market sentiment.
Private banks to outperform PSU banks in earnings growth during FY26-28: MOFS
The report predicts credit growth in the mid-to-high teens for FY27, with private sector banks expected to outperform public sector banks
Nithin Kamath's remarks spark public spat between Zerodha and Groww over direct mutual funds
Zerodha's Nithin Kamath and Groww are debating direct mutual fund offerings publicly. Kamath reiterated Zerodha's commitment to free direct mutual fund plans. Groww clarified that its optional subscription service does not replace direct mutual funds. Direct mutual funds remain free for do-it-yourself investors on Groww. This debate highlights shifts in India's investment platform industry.
Equity mutual fund inflows jump 26% to Rs 28,973 crore in June; midcap funds lead flows
Equity mutual fund inflows saw a significant surge in June, reaching Rs 28,973 crore. Midcap funds attracted the highest investor interest, followed by small cap and flexi cap funds. Sectoral and thematic funds experienced a substantial jump in inflows during the month. Conversely, dividend yield and ELSS funds continued to witness outflows. This data reflects investor activity as reported by AMFI for the month.
Edelweiss Mutual Fund announces restriction on fresh subscription in 7 funds
Edelweiss Mutual Fund will halt new SIP and STP subscriptions in seven schemes. This suspension takes effect from July 10, 2026, impacting international and sectoral funds. Existing systematic transactions will continue as usual without any changes. The fund house cited nearing overseas investment limits as the primary reason for this decision. Investors were previously informed about subscription caps on these specific schemes.
HDFC Defence Fund raises stake in Mazagon Dock, Tata Motors and 3 others in June
The HDFC Defence Fund boosted its holdings in Mazagon Dock and Tata Motors during June. It also added shares of Bharat Electronics, BEML, and Bosch to its portfolio. The fund completely exited Rishabh Instruments, selling its entire stake. Seventeen existing stock exposures remained unchanged, including Bharat Forge and HAL. The fund's performance has outperformed its benchmark in shorter timeframes.
NFO Insight: Can the NJ Momentum Fund help investors capture market momentum?
NJ Mutual Fund has launched the NJ Momentum Fund, an NFO that seeks to capture strong price trends through a rules-based momentum strategy backed by quality filters. While experts see momentum as a useful satellite allocation, they advise limiting exposure and caution that investors may be better off choosing proven, lower-cost existing momentum funds.
Gold prices saw an increase today across major Indian jewellery brands. Tanishq's 22k gold jewellery is priced at Rs 13,320 per gram. Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas also show similar rates. IBJA's indicative rates for gold and silver were released for July 9. The 24k gold price at Tanishq is Rs 14,531 per gram.
Term insurance offers protection, but an accidental death rider provides additional payout. This rider is an optional add-on, not a replacement for base coverage. It specifically covers fatalities directly resulting from accidents like road or air mishaps. Individuals in high-risk occupations or frequent travelers should consider this rider. However, increasing base term cover is prioritized if existing life insurance is insufficient.
Parag Parikh Flexi Cap Funds June moves: ITC, TCS among key buys; Dr Reddys, Maruti see stake cut
Child education allowance tax benefit in ITR filing for FY 25-26: Know when you can claim it
Salaried employees can claim child education allowance tax exemption under the old tax regime. This exemption is available for up to two children per taxpayer. For FY 2026-27, the monthly limit increases significantly to Rs 3,000 per child. Self-employed individuals and those opting for the new tax regime cannot claim this benefit. Both parents can claim the exemption separately for their eligible children.
Indian residents holding foreign assets must report them in Schedule FA. This reporting uses the calendar year ending December 31, 2025. Assets held even for one day during this period require declaration. This applies irrespective of the foreign country's fiscal year. Failure to report can lead to penalties for non-compliance.
Why gifting shares to parents works and why gifting it to your spouse is a different story
MSME minister urges banks to facilitate greater access to institutional credit
The minister urged banks to facilitate greater access to institutional credit for MSMEs and called upon all stakeholders to ensure effective implementation of government initiatives for the sector growth
7-day tax refunds are real; here's the checklist that gets you one
Foreign tax data to be included in Form 26AS
Overseas financial account information will now be included in taxpayers' Form 26AS. This move will allow taxpayers to view their foreign financial data with the Income Tax Department. It helps reconcile overseas income and assets with tax filings effectively. The CBDT has directed the Director General of Income-tax (Systems) to upload this information. Information relating to 2022, 2023, and 2024 will be uploaded within ninety days.
AU Small Finance Bank and Zaggle launch co-branded retail credit card with flexible rewards
The card features a Zagg Coins-to-cashback rewards program, flexible payment options, and customizable Value Passes, allowing customers to personalize benefits and earn higher cashback on UPI and contactless spends
DBS Bank Indias FY26 net profit up 49% at 1,020 cr
The Banks Ccapital Aadequacy Rratio stood at 19.7 per cent
Banks rush for global ratings as FCNR (B) fund-raising gains momentum
The development comes amid a broader trend among Indian lenders looking to shore up foreign-currency liabilities as credit demand rises
This is a CBDT order dated July 8, 2026 issued under Section 119 of the Income-tax Act, 1961. It is an administrative order that authorizes the Income-tax Department to upload foreign financial information received under Automatic Exchange of Information (AEOI) into taxpayers' Annual Information Statement (AIS) in Form 26AS/AIS. Know more.
Sukanya Samriddhi Account interest rate: How you can create Rs 50 lakh corpus for your girl child
SSY interest rate: The Sukanya Samriddhi Account offers an 8.2% annual interest rate, compounded yearly. Parents can invest up to Rs 1.5 lakh annually for a girl child's future. Consistent investment builds a significant corpus over a 21-year maturity period. Deposits and earnings under this scheme are tax-exempt, providing significant financial benefits.
Life insurance industrys savings biz in Q1FY27 hit due to West Asia uncertainties
According to the report, among private listed players, SBI Life Insurance remained the top performer in June, clocking strong 18 per cent y-o-y retail APE growth, followed by Axis Max Life Insurance at around 15 per cent
EPFO simplifies PF fund transfer: No separate fund transfer request needed for Aadhaar-linked UAN
ITR Filing 2026: Income Tax Return forms now require additional details for Section 80G deductions. Taxpayers must report transaction reference numbers and bank IFSC codes for donations. Schedule 80GGC also mandates providing the political party's name and PAN. These enhanced disclosures apply to AY 2026-2027 filings. The changes aim to improve traceability of charitable contributions.
AustralianSuper invests another AU$500 million in Indias NIIF
The fresh investment takes the Australian pension funds total exposure to India to AU$3.3 billion
NFOs: 13 mutual funds and 2 SIFs are open for subscription. Check dates and key details
Around 13 mutual funds and two Specialized Investment Funds are currently open for subscription across categories including hybrid, index, ETF, multi-asset and large & midcap funds. Investors can choose from offerings by ICICI Prudential, SBI, Mirae Asset, UTI and others.
JioBlackRock Flexi Cap Fund exits Vedanta group companies after demerger, sells 8 more stocks
JioBlackRock Flexi Cap Fund exited Vedanta group companies following the demerger of the entities in June, according to monthly portfolio data from ACE MF. The fund sold 8.16 lakh shares each of Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power, and Vedanta Oil and Gas after the demerged entities were listed on June 15, 2026.
EPFO update: 10 key changes new centralised system brings to EPF, EPS subscribers
EPFO has centralized its member database for faster and smoother service delivery. Annual interest for FY 2025-2026 will be credited by July 15, 2026. Advance withdrawal auto-settlement limits have been raised to Rs 5 lakh. Automatic PF account transfers will occur upon job changes without separate forms. EPFO services are now accessible from any PF office across India.
Explained: What are income plus arbitrage FoFs and why are wealthy investors buying them?
PFRDA has formed a committee to attract global pension capital into India. This committee, named ASCEND, will create a roadmap for collaborations. Indian pension funds will partner with global funds through co-investment platforms. This initiative aims to finance infrastructure and support economic development. NPS subscribers will benefit from diversification and long-term risk-adjusted returns.
Gold prices remained steady across major Indian cities on July 9, 2026. Tanishq showed a slight increase in 22K gold jewellery prices from yesterday. Other leading jewellers like Malabar Gold & Diamonds also saw price adjustments. Consumers are advised to compare rates from different brands for better value. The India Bullion and Jewellers Association also provided updated gold and silver rates.
State Bank of India draws over $1.5 billion in forex deposits
State Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of India subsidies. Depositors can leverage funds, earning more than their borrowing costs. Banks are expanding outreach to India's large diaspora globally. This initiative echoes a similar plan from 2013.
Resident and ordinarily resident individuals must report foreign assets. This disclosure is required in Schedule FA of the income tax return. Non-resident Indians and resident but not ordinarily resident individuals are exempt. Schedule FA requires reporting peak values and beneficial ownership details. Failure to comply can lead to significant penalties under the Black Money Act.
EPF Scheme 2026: Will you have to contribute more? New EPF and VPF rules explained
Salaried employees face a crucial tax decision between old and new regimes. The new tax regime offers lower tax liability across various income levels. However, substantial deductions can make the old tax regime more beneficial. Taxpayers should calculate their actual tax under both systems. This ensures the most tax-efficient choice for their financial situation.
Govt bonds pause after slump as oil, Treasury risks linger
The benchmark 6.94% 2036 bond yield was little changed at 6.7670% by 10:15 am
The Telangana High Court recently held that where an SBI employees' VRS application had already been accepted then his death before the formal retirement date would not defeat the claim of his family (legal heirs) to receive the VRS benefits. Read below to know more about what the Telangana High Court said.
Old Pension Scheme option extended to these government employees: Will others also get it?
The Council of Scientific & Industrial Research endorsed the Centre's decision on pension options. This move allows compassionate appointees to opt for the Old Pension Scheme. These individuals applied for jobs before January 1, 2004, but joined later. A key letter from the Department of Personnel facilitated this change for CSIR appointees. Other Central Autonomous Bodies may now follow this precedent for their employees.
Can a Rs 58,000 monthly SIP build a Rs 10 crore corpus in 16 years? Expert reviews portfolio
A Rs 58,000 monthly SIP with a 10% annual step-up may not reach the Rs 10 crore goal. Increasing the annual SIP step-up to 20% could exceed the target corpus. The expert suggests rebalancing market-cap allocation for better diversification. Shifting investments from gold and silver ETFs towards equity funds is advised. The portfolio requires adjustments to achieve long-term financial objectives.
