34 C 
Missed your term insurance premium? Here's what happens to your policy, claim, and life cover
Missing a term insurance premium does not immediately cancel coverage. A grace period allows payment, and nominees receive benefits if death occurs. Unpaid premiums after the grace period cause the policy to lapse, stopping life cover. Lapsed policies can be revived within five years, often requiring health checks.
Who should consider investing in income plus arbitrage FoFs?
Investors with a 24-30 month horizon are choosing income plus arbitrage funds. These funds combine debt and arbitrage schemes for stability and tax efficiency. The category manages over twenty-three thousand crore rupees across twenty-two schemes. This investment strategy offers tax benefits compared to fixed deposits and debt funds. Wealthy investors are increasingly allocating capital to these tax-efficient mutual fund options.
RBI lending curbs dent proprietary trading, drag derivatives turnover lower
Average daily derivatives turnover on the NSE and BSE down 25% and 30%, respectively, over the last four trading sessions
Rupee logs biggest single-day gain in over 3-weeks; closes below 95-mark
The Indian unit closed 44 paise stronger at 94.96 per US dollar
Sharp rise in general insurance complaints raises service quality concerns: RBI
The unresolved grievances could undermine policyholder confidence and pose broader financial stability risks, RBI said
RBIs first monthly NBFC credit data shows 14.2% growth in May 2026, led by retail lending
Retail lending remains the sectors growth engine, with gold loans surging nearly 70 per cent and consumer durable finance rising 42 per cent year-on-year in May 2026
CBI files chargesheet in Reliance Commercial Finance Ltd bank fraud case
The CBI has so far arrested Amitabh Jhunjhunwala, former Vice Charman of Reliance Capital Ltd, Devang Pravin Mody, former CEO of RCFL, and Amit Bapna, former Chief Financial Officer of Reliance Capital Ltd.
Existing tax benefits and approvals will continue under the Income Tax Act, 2025. Pending applications filed before March 31, 2026, will be processed under the new law. Lower or nil TDS certificates issued previously remain protected and valid. New applications filed after April 1, 2026, will follow the 2025 Act. Taxpayers need not take additional action for this transition.
India's UPI to integrate with Indonesia's payment system, says PM Modi
President Prabowo Subianto also confirmed that both countries will work on establishing cross-border QR payment linkages
8th Pay Commission latest news: Railway inspection, Odisha meetings and other key updates explained
One co-owner can evict tenants without others' formal consent. The Bombay High Court and Supreme Court have upheld this right. This principle allows a co-owner to act as an agent for others. However, objections from other co-owners can weaken the eviction case. Documenting consent and avoiding ownership changes during litigation is crucial.
Latest EPF withdrawal rules: EPFO subscribers can withdraw funds for specific needs like illness and education. Withdrawals for marriage and housing are permitted up to five times. Special circumstances allow advances twice annually under new guidelines.
Top 5 largecap mutual funds to invest in July 2026
ETMutualFunds has shortlisted the top largecap mutual funds based on mean rolling returns, consistency over the last five years, downside risk, outperformance and asset size. The list includes Axis Large Cap Fund, Canara Robeco Large Cap Fund, Mirae Asset Large Cap Fund, Baroda BNP Paribas Large Cap Fund and Edelweiss Large Cap Fund.
Planning investments in midcap mutual funds? Check these 5 funds with over 20% gain in 3 years
Five midcap mutual funds delivered over 20% annualised returns in the past three years, led by HSBC Midcap Fund at 26.3%, highlighting strong wealth creation despite market volatility.
Elder sister gave the house to a brother via registered Will but other other brothers occupied the house with an alleged unregistered Will; Andhra High Court upholds registered Will and rejects other brother's claim on unregistered Will's basis. Know what did Andhra Pradesh High Court say about the Will.
8th Pay commission latest news: When will 8th Pay Commission visit Kolkata?
Explained: How to calculate your retirement corpus while accounting for inflation
Gold prices saw a decline across major Indian jewellery brands today. Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower rates. These price drops were observed in cities like Delhi, Mumbai, and Chennai.
Twelve equity mutual funds achieved over Rs 1,000 NAV by July 2026. These funds delivered up to 24% CAGR since their respective inception dates. Most schemes have been available for over twenty-five years in the market. Nippon India Growth Mid Cap Fund showed the highest NAV at Rs 4,499.70. These funds represent various categories including mid cap and flexi cap.
EPS pension: Check how much monthly pension you can get after 1025 years of service under EPS 2026
The Employees' Pension Scheme 2026 has been introduced, replacing older pension plans. This new scheme maintains the existing pension calculation formula for subscribers. Pensionable salary is determined by the average of the last sixty months' earnings. Employees receive a minimum monthly pension of one thousand rupees. Service years are enhanced by two years for those with twenty or more years of contribution.
Borrowers take note: HDFC Bank revises lending rates for different tenures; check updated list
HDFC Bank has adjusted its MCLR rates, with changes effective July seventh, 2026. The overnight MCLR decreased by five basis points, while longer tenors saw increases. One-year and three-year MCLRs rose by five basis points each.
The Employees Provident Fund Organisation has finished a major system upgrade and database consolidation. Some EPFO services are temporarily unavailable on the UMANG app due to this migration.
International mutual funds have delivered strong one-year returns, significantly outperforming domestic equity categories. This outperformance is largely driven by global technology stocks and currency depreciation against the US dollar. Experts advise against chasing recent gains, emphasizing long-term asset allocation for international diversification. While international funds show strong recent performance, domestic equity funds remain well-placed for long-term wealth creation.
Best small cap mutual funds to invest in July 2026
Small cap funds saw significant inflows in May 2026 after a poor 2025. Despite market volatility, advisors suggest staggered investments for long-term wealth creation. These funds invest in companies ranked below 250 by market capitalization. Small cap stocks offer high return potential but also carry considerable risk. Investors should select skilled fund managers and monitor performance during downturns.
Central government employees' union requested simpler recovery waivers for excess payments. The DoE secretary assured examination of these demands with DoPT. Audits often identify past overpayments, leading to salary deductions. NC-JCM argues these are administrative errors, not employee fault. They propose delegating waiver powers to department heads for faster resolution.
Worlds smartest investors are turning to fine wine and rare whisky. You can too! 9 things to know
New EPF Scheme, 2026: What existing and new PF subscribers should know
India's Employees' Provident Fund (EPF) is undergoing a significant modernization with the EPF Scheme, 2026. Existing subscribers will see continuity in their balances and membership, while new entrants will find a clearer framework for contributions and benefits. A key change involves increased flexibility for voluntary contributions, allowing employees to build larger retirement funds.
HNIs turn to hybrid debt funds, SIFs for higher post-tax returns
Rich investors are exploring niche mutual funds and specialized investment funds. These products offer higher returns and better tax efficiency for portfolios. Funds bundle debt, arbitrage, REITs, and InvITs to boost investor returns. This strategy provides a tax advantage over fixed deposits and debt funds. Investors must understand liquidity differences between fund types.
IDFC FIRST Bank launches EPFO-integrated PF payment services for businesses
The bank said the service will help businesses improve cash flow management and ensure timely statutory compliance
Intellect Design Arena signals strategy around AI-first banking
In the companys annual report for FY25-26, Intellect Design Arena said that financial institutions are increasingly embedding AI across enterprise operations
Bitcoin reclaims $63,000 as ETF inflows, easing macro concerns lift crypto sentiment
From a technical perspective, analysts see the $65,000-$70,000 range as the next major resistance zone for Bitcoin
Gold loans overtake vehicle loans as top securitised asset class in Q1: Crisil
Gold loans accounted for 31% of securitisation volumes, driven by strong NBFC portfolio growth and healthy investor demand
Private insurers commission payouts on the rise, mis-selling risk grows: RBI
IRDAI is expected to announce new norms on commissions soon
What the NMC case means to BankofBaroda investors
Bank of Barodas $600 million settlement could significantly affect current quarter earnings and weigh on investor sentiment
Amit Shah announces cooperative life insurance company; Bharat Taxi to expand to 500 cities
He also unveiled reforms to modernise cooperatives through PACS expansion, e-PACS, storage infrastructure and merit-based hiring.
New rules under the Income Tax Act 2025 are set to curb tax evasion by limiting cash transactions. Individuals cannot receive over Rs 2 lakh in cash from one person daily. Loans, deposits, and repayments exceeding Rs 20,000 must be cashless.
Income Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Other Income' column under the Exempt Income Schedule. This allows taxpayers to voluntarily disclose non-taxable receipts that don't fit specific categories, like rural agricultural land sales or gifts from relatives. Experts advise this proactive reporting to prevent potential tax notices and mismatches with departmental records, especially for substantial transactions.
How much should you invest through SIPs to build Rs 1 crore? Use this calculator
Learn how to calculate the monthly investment needed to build a Rs 1 crore corpus using Excels PMT function or a manual formula. The guide explains assumptions, calculation steps, and how changing returns, goals or timelines affects required investments for better financial planning.
EPF vs VPF under new EPF Scheme 2026: Here's how employee and employer contributions will work
EPFO: The EPF 2026 Scheme largely retains existing EPF contribution rules, with both employees and employers continuing to contribute 12% of wages, subject to the statutory wage ceiling. It also preserves the VPF framework, allowing employees to make higher voluntary contributions without requiring employers to match them, while offering flexibility to discontinue them later.
NaBFID backs first credit-enhanced bond issue with Think Gas Ludhiana
NaBFID said it plans to extend the model to more A-rated infrastructure companies to deepen Indias corporate bond market and support long-term infrastructure financing
A total of 12 equity mutual funds delivered an XIRR of over 15% on SIP investments over the last three years, according to an ETMutualFunds analysis of 255 schemes. Midcap and small-cap funds dominated the list, while just two funds posted negative SIP returns during the period.
The Odisha High Court has ordered the state government to release pending salary for an employee denied wages for over three years due to a stalled disciplinary case. The court emphasized the right to livelihood under Article 21, stating that withholding salary infringes upon basic human dignity. This landmark ruling ensures the employee receives dues, while the disciplinary proceedings continue separately.
Real estate private credit funds see refinancing demand rise as residential sales moderate
Developers shift to private credit for balance-sheet management rather than distress financing, with deal pipelines already up 10 to 20 percent
IIFCL plans to raise $2.3 billion via ECBs, overseas borrowing
Mops up 1,848 crore through NCD issue at a 7.25% coupon rate
The 8th Pay Commission is actively consulting stakeholders across India, recently holding discussions in Bhubaneswar and planning for Kolkata. Notably, the commission intends to conduct firsthand inspections of Indian Railways' operations, including track maintenance, signal work, and train control, to better understand employee working conditions and risks before salary revisions. Railway technical supervisors are advocating for broader operational inspections to ensure a comprehensive review.
EPS 2026 vs EPS-95: Key changes in minimum pension, eligibility and contributions explained
The Employees' Pension Scheme (EPS), 2026 has replaced EPS-1995 and the Employees' Family Pension Scheme, 1971 under the Social Security Code, 2020. Despite the new scheme, the minimum monthly EPS pension remains unchanged at Rs 1,000, the same as since September 1, 2014.
Nearing retirement? Here's how to decide between a bank FD and an SWP for monthly cash flow
Nearing retirement and confused between bank FDs and SWPs for monthly income? An expert suggests a balanced approach. Instead of picking just one, combine safe instruments like FDs for immediate expenses with hybrid or equity funds for growth.
A Chennai resident successfully reclaimed his Section 54 tax exemption after a three-year construction delay on his new home, initially denied by the tax department. The Income Tax Appellate Tribunal (ITAT) ruled in his favour, citing the COVID-19 pandemic as an extraordinary circumstance beyond his control. The tribunal emphasized a liberal interpretation of the beneficial provision, allowing the exemption despite minor delays in finalising construction.
Sovereign Gold Bond (SGB) 2020-21 Series-IX investors can now redeem their bonds prematurely from July 4, 2026. The Reserve Bank of India has fixed the premature redemption price at Rs 14,366 per unit, reflecting a significant 190.22% return on the initial investment.
Bank of Maharashtra logs 27% rise in loan growth, total business crosses 6.5 lakh cr in Q1
The lender reported a 13 per cent rise in total deposits to 3.44 lakh crore in the reporting quarter against 3.05 lakh crore at the end of the first quarter of the previous financial year
NFO Insight: Can AlphaGrep's algorithm-driven multi-asset fund deliver better risk-adjusted returns?
AlphaGrep Mutual Fund has launched its first fund, the AlphaGrep Multi Asset Allocation Fund, employing a unique algorithm-driven approach. This open-ended scheme dynamically allocates capital across equities, fixed income, and commodities, aiming for better risk-adjusted returns with minimal human bias. Experts weigh in on the merits of algorithmic versus traditional multi-asset strategies, highlighting the importance of a long track record and individual investor control over asset allocation.
Several organisations representing central government employees and pensioners have urged the 8th Pay Commission to revise HRA, transport allowance, family unit norms and dearness allowance.
Best mid cap mutual funds to invest in July 2026
Mid-cap mutual funds have seen a strong rally, leading to investor anxiety about current valuations. While these companies offer potential for future growth, they also carry significant risks, including corporate governance issues. Investors with high risk tolerance and a long-term horizon (7-10 years) are advised to proceed with caution, focusing on regular investments rather than quick gains. Several mid-cap funds are highlighted for their recent performance.
Bank holiday today: Are banks open or closed today (Monday, July 6, 2026) in your state?
Bank holiday today: Banks will remain closed in select states on July 6, due to regional observances, while they will function as usual in the rest of the country. Here's a look at where banks are closed today and the reason behind the holidays.
Home loan trap: Is it ruling your life?
Many Indians stretch finances for dream homes, but hefty home loans lead to years of uncomfortable choices. Borrowers face lifestyle compression, career stagnation, and deferred savings, impacting family life and personal well-being. Experts urge homebuyers to prioritize true affordability over aspirations, stressing that a loan should enhance life, not dictate it, by considering future uncertainties and maintaining financial flexibility.
NRI tax filing: Avoid these costly ITR mistakes
Miscounted days in India, missed NRO interest and TDS mismatches can invite notices from a data-savvy tax department.
Too much riding on one AI stock? Diversify now
With tech employees holding up to 80% of their net worth in a single stock, advisers say not selling is a real danger.
Foreign universities in India: Should you enrol?
Foreign universities are now opening campuses in India, offering Indian students a chance to earn international degrees without leaving the country. This influx is driven by India's large student market and policy changes. While offering a more affordable global education, these campuses present fewer course options and facilities compared to their parent institutions abroad.
Should children pay rent to parents? US vs India
In the United States, those graduating in the 21st century especially have been seeking to return to the homes of their boomer parents. In India, in contrast, living with parents has remained a default option for young adults until they get married or move to another city for a joban arrangement that isendorsed by tradition.
Can the Jio IPO power the next telecom rally?
Strong revenue growth, rising data demand and a landmark Jio IPO signal a favourable sector outlook.
Why tax should never drive investment decisions
An investment must first stand up as an investment, and be a tax-saver only by accident. However, this problem has now solved itself. The new tax regime, now the default and chosen by close to three in four taxpayers, has done away with such deductions. Where there is no Section 80C to chase, there is no reason to go shopping for the bad product in March.
Alpha and value factors lead markets in 2026
Welcome to TrendMap, your guide to the performance of different investment segments. In this edition, we present a 10-year performance tracker of various factor-based investment strategies. The annual returns are ranked for 6 key NSE Factor indices, with a broad-based index, Nifty 500, thrown in for comparison. This map shows that no single-factor strategy consistently outperforms, making a strong case for diversification. By Sameer Bhardwaj.
Rise in dollar inflows may put additional pressure on Gold prices
Strong NRI interest in FCNR(B) deposits could bolster the rupee and keep domestic gold prices under check, say analysts
IIFCL mobilises 1,848 cr via bonds, strengthens resource base for infra financing
In line with the policy framework of the government and the Reserve Bank of India, IIFCL said it is also evaluating opportunities to raise funds through ECBs
PSU banks begin FY27 with strong loan growth; deposits trail
Retail, agriculture and MSME (RAM) loans continued to drive credit expansion across lenders
6 mutual fund NFOs to open for subscription this week. Check dates and key details
Investors have a busy week ahead with six new mutual funds launching. Mirae Asset, NJ Mutual Fund, Edelweiss, and AlphaGrep are introducing a mix of passive and actively managed schemes. These new offerings aim to broaden investment choices, with subscription periods starting as early as July 6th and minimum investments as low as Rs 500. Explore these new avenues for your portfolio.
Pvt sector banks log robust growth in deposits and advances in Q1FY27
The private sector banks deposits rose 14.7% year-on-year, while gross advances increased by 15.4%
Quant Mutual Fund expects Indian equities to consolidate after the recent rally but believes micro-, small- and mid-cap stocks will drive alpha. It remains bullish on energy, infrastructure, select financials, telecom and pharma while advocating active portfolio management over passive investing.
11 equity mutual funds deliver over 25% in 3 months. Do you own any?
Eleven equity mutual funds generated over 25% returns in the past three months, led by small-cap schemes. JM Small Cap Fund topped the list with a 35.02% gain. Experts advise investors to prioritise risk profile and goals over past performance.
Despite recent underperformance, experts continue recommending Parag Parikh Flexi Cap Fund for its consistent long-term, risk-adjusted returns and disciplined large-cap bias. They advise investors to evaluate funds over complete market cycles instead of chasing short-term performance or recent category leaders.
Looking for the best mutual funds to invest in? Check top 10 picks for July 2026
Choosing mutual funds solely on past returns can be misleading. ETMutualFunds shortlisted 10 funds across five equity categories using rolling returns, consistency, downside risk, outperformance and asset size, helping investors align investments with their goals, risk appetite and time horizon.
A Delhi landlord, busy caring for his ailing father, missed the deadline to e-verify his income tax return, leading to a denied Rs 17 lakh refund. The Income Tax Appellate Tribunal (ITAT) Delhi intervened, ruling that withholding the refund on a technicality would amount to unjust enrichment. The tribunal emphasized that tax can only be collected by law, allowing the landlord to claim his rightful refund.
Father can't relinquish daughters share in ancestral property to son; Know the legal position
A father cannot legally sign away his daughter's rightful share in ancestral property to his son, the Andhra Pradesh High Court has ruled. Under Mitakshara Hindu law, daughters hold an independent interest in coparcenary property, which a father cannot relinquish. This ruling clarifies that such deeds only affect the father's personal share, not other co-sharers' rights. Self-acquired property, however, remains at the owner's disposal.
Husband worked in Oman and could not talk with late wife; Wife committed suicide by saying refusal to speak to her over the phone caused her severe mental distress; Indian Trial Court convicts him for cruelty under Section 498A and 304B for dowry death and sentences 3 years jail with Rs 10,000 fine; Supreme Court gives him relief from jail by cancelling all the criminal charges
Gold prices have seen a notable recovery this week, with both gold and silver rates climbing according to the India Bullion and Jewellers Association (IBJA). This upward trend follows a dip experienced last week. 22k gold jewellery rates at leading brands such as Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas also rose.
Gold down 5.6%, silver 10.8% in a month: Should you buy the dip or wait? Experts answer
Gold and silver prices have seen a significant dip on the MCX, prompting questions for investors. Experts attribute the fall to a strong dollar, potential Fed rate hikes, and profit-booking. While a recovery is possible with macro triggers, analysts suggest a cautious approach. New investors might find opportunities to accumulate, while existing holders are advised to view this as a consolidation phase, potentially rebalancing their portfolios.
Forgotten FDs, shares or insurance? Heres how to recover unclaimed financial assets
Years of diligent wealth building can be lost to forgotten investments. Life's changes often lead to unclaimed bank deposits, insurance, shares, and mutual funds. Fortunately, the government's Unclaimed Assets Portal offers a single search point. While it helps locate these assets, remember it's a search tool, not a claim settlement system. Recovering your money requires a separate process with the relevant institution, even if funds were transferred to government-managed accounts.
CAMS Investor Services receives approval from IFSCA Gift City
Subsidiary of CAMS to tap global markets with new KYC registration agency
Truhome Finance sees Govt policy to push demand for affordable housing finance
Truhome Finance registered the second highest disbursement of 7,130 crore and 6,382 crore between FY25 and FY23
Wealth Company appoints Kulkarni as Managing Director
Veteran with Merrill Lynch and Julius Baer experience to drive product strategy and innovation
The Latest Home Loan Interest Rates: Jun 26, 2026
The Latest Home Loan Interest Rates: Jun 26, 2026
The Latest Fixed Deposit Interest Rates: Jun 26, 2026
The Latest Fixed Deposit Interest Rates: Jun 26, 2026
Bank holidays July 2026: State-wise list of closures
Bank branches will observe a relatively light closure schedule in July, with the holiday calendar largely shaped by regional observances in northeastern and border states
Artha Bharat launches GIFT Citys first physical gold fund with option of gold bar redemption
The launch is also positioned as a potential catalyst for the India International Bullion Exchange
The Wealth Company Asset Management announces appointment of Unmesh Kulkarni as managing director
The Wealth Company Asset Management, part of Pantomath Group, has appointed Unmesh Kulkarni as its Managing Director. With 29 years of experience in wealth management and capital markets, Kulkarni previously co-founded Merrill Lynch and Julius Baer's wealth management arms in India.
ITR filing 2026: Made foreign investments? Follow this checklist to avoid tax scrutiny
Paytm's European arm secures payment institution licence in Luxembourg
Paytm's European arm, Paytm Europe Payments, has secured a crucial payment institution license from Luxembourg's financial regulator, effective July 2, 2026. This approval allows the company to offer a range of payment services, including fund transfers and credit line-backed transactions. The move follows a significant investment by its parent company, One 97 Communications, to bolster the European entity's capital and support its business expansion.
