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RBI buys 50,000 crore worth of bonds at first auction since May
The purchase is part of RBIs plan to inject one trillion rupees worth of liquidity via bond purchase and $5 billion equivalent via a foreign exchange swap this month
9 equity mutual fund categories received inflows in November, flexi cap leads. Check details
Equity mutual fund inflows surged in November, rising nearly 12%, with strong contributions from large & midcap, midcap, smallcap, focused, and sectoral/thematic categories. Flexicap funds continued to lead, while ELSS and dividend-yield funds recorded withdrawals. Overall, risk-oriented categories dominated investor interest.
How to resolve money fights at home
Pension funds managing NPS, UPS, and APY schemes can now invest in silver and gold ETFs, the Nifty 250 index, and Alternative Investment Funds (Category I and II). These updates, detailed in a master circular, also outline revised investment exposure limits across various asset classes, including government securities, corporate debt, and equity.
Canara Robeco Mid Cap Fund reaches Rs 4,000 crore AUM in 3 years, offers CAGR of 21% since inception
Canara Robeco Mid Cap Fund achieved an AUM of Rs 3,996.69 crore in three years, delivering a CAGR of 20.75% since inception. Despite trailing its benchmark in inception returns, the fund has demonstrated its commitment to identifying high-potential mid-cap opportunities with a disciplined, research-driven approach.
JPMorgan set to open first new India branch in nearly a decade
JPMorgan Chase is poised to open its fourth branch in India, receiving in-principle approval from the Reserve Bank of India for a new location in Pune. This expansion, the first in nearly a decade, will serve corporate clients with a comprehensive range of financial products.
Smallcap mutual funds see jump of 27% in monthly inflows despite index correction of 3%
Smallcap and midcap mutual funds saw strong inflows in November despite market volatility. Smallcap funds recorded a 27% rise in inflows, while midcap funds saw an 18% increase. Experts attribute this to strong trailing returns, earnings momentum, and long-term compounding potential. Returns for the month were mixed, with smallcaps delivering negative average performance and midcaps posting slight gains.
The Income Tax Appellate Tribunal in Mumbai has made a noteworthy ruling regarding property redevelopment, stating that any extra space bought is eligible for long-term capital gains tax exemption. This is particularly significant for individuals who are aiming to move into bigger homes through redevelopment.
Parag Parikh Flexi Cap Fund among top 5 flexicap funds delivering over 20% CAGR in 3 years
ITR refund delay explained: Reasons why your tax refund is delayed this year and how to check status
Many taxpayers are experiencing delays in receiving their income tax refunds due to common filing errors. These include failing to verify ITRs within 30 days, not addressing defects, or having unvalidated bank accounts. Additionally, missed responses to departmental intimations regarding adjustments or outstanding demands can also lead to significant refund hold-ups.
Gold loan or personal loan: Short-term crisis or long-term goal? Pick the one that works for you
The perfect credit mix: What really boosts your CIBIL score
Sovereign Gold Bond: The Reserve Bank of India has set the final redemption price for Sovereign Gold Bond 2017-18 Series-XI at Rs 12,801 per unit. This bond matures on December 11, 2025. The premature redemption price for SGB 2019-20 Series I is also Rs 12,801 per unit, with redemption due on the same date. Investors can expect significant returns.
Why are hybrid mutual funds termed as tax-efficient?
Hybrid mutual funds are considered tax-efficient because schemes with over 65% equityor a mix of equity and arbitrageare taxed like equity funds, allowing their debt portion to benefit from lower long-term capital gains tax.
Karta repays more than advance taken, I-T sends tax notice, but ITAT Mumbai rules in favour of HUF
The Mumbai branch of the Income Tax Appellate Tribunal has issued an important ruling, stating that any surplus loan refunds received by a Hindu Undivided Family (HUF) from its Karta are classified as capital receipts and therefore free from income tax obligations. This decision clearly indicates that the classification holds firm, even if the funds are employed in trading activities.
AMFI Data: Equity mutual fund inflows jump 21% MoM to Rs 29,911 crore in November
Equity mutual fund inflows saw a significant 21% rise in November, reaching Rs 29,911 crore. This marks a strong monthly performance. However, compared to the previous year, inflows were down by 17%. Most fund categories attracted investments, with Flexi cap funds leading the pack. Investors showed renewed interest in these funds.
Why debt mutual funds and arbitrage funds deserve a place in your portfolio
Debt mutual funds and arbitrage funds offer liquidity, flexibility and smarter tax treatment than traditional options like FDs and PPF. With diversified portfolios, active management and low volatility, these schemes can enhance fixed-income allocation and help investors meet short-, medium- and long-term goals when used alongside conventional savings products.
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.
Bank of Baroda recognised as Best Bank in India by The Banker
The Banker says BoB has improved customer experience by enhancing its phygital banking services
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.
Ageas Federal Life Insurance launches new brand identity
Ageas Federal, a joint venture between the Ageas Group and Federal Bank that began operations in 2008, operates through 3,770-plus branches including partner bank branches
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.
How to use an income tax calculator for investments and financial planning
An income tax calculator simplifies financial planning. It estimates your tax liability, showing how deductions and investments impact your net taxable income. Understand tax benefits of term insurance and other savings. Compare old and new tax regimes to choose the best option. This tool helps plan monthly cash flow and allocate funds for long-term goals, building wealth and financial stability.
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
IndusInd Bank chairman to step down in January amid organisational overhaul
IndusInd Banks board has faced criticism from investors over shortfalls in oversight and delay in disclosing the accounting lapses in its derivative portfolio, which led to the hit to the banks accounts
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.
AU Small Finance Bank receives DFS approval for increase in foreign investment limit from 49% to 74%
The DFS approval comes four months after the Bank received in-principal approval from the Reserve Bank of India (RBI) for transitioning to a universal bank
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
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.
Parag Parikh Flexi Cap Fund boosted its holdings in 12 stocks, including major additions to ITC and Power Grid, while adding Indus Towers and TCS as new entrants. The fund maintained stable exposure in 15 stocks and slightly reduced cash levels as it continued focusing on long-term, company-specific investment opportunities.
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
Do you need full 5 years of service for gratuity? Exceptions every employee should know
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.
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