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9 equity mutual funds multiply investors SIP investments by over 1.6x in 5 years. Do you own any?
Nine equity mutual funds multiplied investors SIP investments by more than 1.6 times over the last five years, led by small-cap and mid-cap schemes. Invesco India Midcap Fund topped the list with a 1.71x wealth multiplier and an XIRR of 21.66%.
Confused about ITR forms? Here's how to pick the correct ITR for AY 2026-27
Choosing the right Income Tax Return form for AY 2026-27 depends on income sources. ITR-1 now allows reporting income from two house properties. Salary, house property, and other sources can be reported in ITR-2. Business or professional income generally requires ITR-3 or ITR-4. Complete income profile determines the final ITR form selection.
The government has clarified no LTCG tax scrapping for foreign investors. Only investments in Government Securities now receive tax exemptions. This measure aims to attract foreign portfolio investors to the G-Secs market.
UGRO Capital arm GROx targets 5,000 cr AUM
GROx Technologies aims to tap into Indias vast merchant ecosystem, leveraging advanced DataTech solutions to bridge the $20 billion credit gap and enhance access to working capital for millions of underserved businesses.
Inconsistency in witness testimony led to a 1957 executed registered sale deed being ordered for cancellation and a long battle for buyer to secure his rights in the 15 bigha land; SC restores buyer's rights in this land; Know why
Will government raise Rs 21,000 ESIC wage ceiling? Here's what Labour Ministry said
The ESIC wage ceiling is periodically increased by the government. The last revision raised the limit to twenty-one thousand rupees monthly. The Code on Social Security, 2020, now encompasses more establishments. Gig and unorganised workers are now covered under the ESIC scheme. Attendance restrictions for seasonal workers' treatment remain unchanged.
Gold prices saw a slight increase across major jewelry brands today. Tanishq's 22K gold jewelry is priced at Rs 13,275 per gram. Other brands like Malabar, Kalyan, and Joyalukkas offer 22K gold at Rs 13,230. IBJA rates show 24K gold at Rs 14,240 and 22K at Rs 13,898. Silver prices also saw a slight adjustment from yesterday's rates.
8th Pay Commission news: 8th CPC to hold meetings in Chandigarh in September; check dates
The 8th Pay Commission will consult stakeholders in Chandigarh. Interested parties must submit appointment requests by August 25, 2026. Previous consultations were scheduled in New Delhi, Chennai, and Puducherry. The commission seeks input on pay, pension, and work conditions. Further meetings are planned for other states and union territories.
ITR filing deadline 2026: 5 checks you must complete before submitting your income tax return
Dhanlaxmi Bank clocks 24.91 crore net profit in Q1FY27
Total deposits reached 19,404 crore from 16,570crore as on June 30 2025, recording 17% growth.
Looking for midcap mutual funds in July 2026? Here are 5 funds to consider
ETMutualFunds shortlisted five top midcap mutual funds based on rolling returns, consistency, downside risk, outperformance and asset size, highlighting options suitable for investors with high risk tolerance and long-term horizons.
International funds offered excellent returns over the past year, outperforming domestic options. However, fresh investments are currently restricted due to regulatory limits. Experts suggest alternatives like LRS platforms and GIFT City funds for global exposure. Diversified global ETFs tracking broad indices are recommended for new investors. Investors should maintain international allocation for diversification and risk-adjusted returns.
9 financial stocks, 9 report cards: Check the top buy picks according to analysts
Federal Reserve holds interest rates as rare split vote signals rising inflation concerns
A divided policymaking committee underscored persistent inflation risks, keeping investors focused on the timing and likelihood of the next policy move
Kevin Warsh records the biggest early Fed policy dissent of any chair since 1970
Three policymakers backed higher interest rates, giving Kevin Warsh one of the most divided starts to any modern Federal Reserve chairmanship
Chola MS records 6.7% growth in Gross Written Premium in Q1FY27, profit falls
J&K Bank Q1 net profit rises to 424 crore
Total business crossed the Rs 3 lakh crore milestone, rising more than 20% per cent to Rs 3.04 lakh crore
SBI Card, Google Pay launch co-branded credit card for everyday digital spending
The new offering combines SBI Cards credit card expertise with Google Pays rapidly expanding digital payments ecosystem.
Star Health Q1 PAT up 25% at 550 crore under Ind AS accounting
Underwriting profit sharply higher at 111 crore
Cholamandalam Investment and Finance Company eyes 22-23% AUM growth in FY27
Disbursement growth in Q1 was broad-based across business segments, with vehicle finance continuing to outperform the industry
IRDAI introduces key supervisory, developmental reforms to drive industry growth
Allows perpetual registration of intermediaries, approves registration of ProTec General Insurance and operationalises PEPF
Gold loan portfolio to jump to 30 lakh crore by March 2028: Report
The last two fiscal years ending March 2026 have seen an annual growth of 38% in gold lending, with banks growing their books at 35% and NBFCs at 54%
LIC pays 12,207 crore dividend to Government, declares 10 per share payout
LIC, which completes 70 years since incorporation this year, reported a total asset base of 59.03 lakh crore as of March 31, 2026
Bank holidays: Bank branches will observe numerous closures throughout August 2026 due to holidays. Independence Day on August 15 will cause nationwide bank shutdowns. Several state-specific festivals like Ker Puja and Tendong Lho Rum Faat will also affect branch operations.
Yes Bank, Capital Stack sign MoU to expand institutional funding
Collaboration to initially cover Direct Assignment (DA), Co-lending, Term Lending, Securitisation and Structured Finance solutions
Dhanlaxmi Bank Q1 profit doubles to 24 crore
Gross NPA as a percentage of gross advances improved to 1.82% during Q1, from 3.22% a year ago
ITR filing : Taxpayers rush to file income tax returns before the July 31 deadline. Common errors include not e-verifying and mismatched personal details. Reconciling income with Form 16 and AIS is crucial for successful submission.
An ET analysis of 546 equity mutual funds reveals that Pharma & Healthcare funds delivered the highest 5-year SIP returns at 18.2%. While sectoral funds led performance, flexicap and largecap funds offered steady returns, making them ideal core portfolio options for long-term investors.
Jammu & Kashmir Bank Q1 net drops 11.5% to 429 crore
Total income rises to 3,765 crore during June quarter of FY27, from 3,521 crore in the corresponding period of last fiscal; Net Interest Income (NII) increases 2% to 1,497 crore
How to pick the right ITR form Heres the guide
8th Pay Commission salary calculator: Employee groups are advocating for a higher annual salary increment in the upcoming 8th Pay Commission. They suggest increasing the current three percent rate to at least five percent annually. This change aims to substantially boost the basic pay of central government employees. Calculations show a six percent increment could add millions over ten years. Such adjustments are expected to improve employee financial well-being significantly.
What is crypto staking and how does it work? A practical guide for beginners
Crypto staking allows holders to support blockchain networks and earn rewards. Validators are chosen based on committed tokens, reducing reliance on mining. Users can delegate tokens or use exchange services for easier participation. Staking rewards vary due to on-chain conditions and network economics. Understanding risks like volatility and redemption periods is crucial before staking.
Gratuity, pension forfeited but only leave encashment paid after nine years delay without interest; retired employee wins case in Delhi High Court as court directs employer to pay 6% interest on leave encashment. Know how this employee's family won case in Delhi High Court.
Failing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late filing fee for delayed submissions. Not filing an ITR prevents claiming refunds and carrying forward losses. Virtual digital asset income is taxed regardless of the exemption limit. The tax department may issue notices for non-compliance and missed filings.
These 5 smallcap mutual funds rewarded investors with over 27% returns in 3 years. Check details
Five smallcap mutual funds delivered annualized returns of 20.6%-26% over three years, led by Bandhan Small Cap Fund, while investors should prioritize risk appetite, goals, and investment horizon over past performance.
52 equity mutual funds delivered over 100% returns in 5 years. Are any in your portfolio?
Around 52 equity mutual funds have delivered absolute returns of over 100% in the past five years, according to an ETMutualFunds analysis. Mid-cap funds dominated the top performers, led by Motilal Oswal Midcap Fund with a 169.84% return. The analysis covered 212 regular-plan, growth-option equity funds, excluding sectoral and thematic schemes, with all generating double-digit returns.
EPF or mutual funds? EPFO breaks down returns, tax rules, pension and major differences
Long Term Capital Gain: The Finance Ministry has denied contemplating the scrapping of LTCG tax on equities for domestic investors. There is no current proposal under consideration to remove this tax for retail investors.
Can a Rs 31,000 monthly SIP help you build a Rs 10 crore corpus? Expert explains
Building a 10 crore corpus over 20 years requires more than regular SIP investments. Financial planners suggest reviewing portfolios periodically, increasing SIP contributions with income growth, and maintaining the right asset allocation to maximise compounding benefits.
Looking for credit cards with free airport lounge access? Check these 5 credit cards that still offer complimentary domestic or international lounge access without any minimum spending criteria. These cards also have a low joining fee and one of them is free for lifetime. Check other things like eligibility criteria, rewards, benefits etc.
NRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term capital gains tax treatment. The Bombay High Court and other rulings support the allotment date as the acquisition point. This principle applies even when possession or registration occurs much later. Proper documentation of the allotment letter is crucial for NRIs.
Can a housing society stop access to common facilities by residents of smaller flats on the ground of smaller maintenance? Know what the law says.
Best gilt mutual funds to invest in July 2026
Gilt funds are recommended for aggressive debt investors expecting RBI rate cuts. These funds offer potential double-digit returns when interest rates begin to fall. Gilt funds invest in government securities, carrying no credit risk but high interest rate sensitivity. Investors should possess a long-term horizon and understand interest rate cycles before investing. Nippon India Gilt Fund and Bandhan Gilt Fund are among the recommended schemes.
Family floater vs separate plan: 7 reasons your parents need their own health insurance policy
HDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY 2021-22 to FY 2025-26. Private sector banks collected penalties from FY 2022-23 to FY 2025-26. Most public sector banks have now withdrawn these charges for savings accounts. Zero-balance accounts like Jan Dhan Yojana accounts are exempt from such penalties.
Do you really need home loan insurance if you already have a term insurance plan?
Home loan insurance is designed to pay off outstanding loans if the borrower passes away, while term insurance provides a one-time payment to meet the family's needs. After securing a home loan, it's vital to reassess the adequacy of your term insurance to ensure it sufficiently covers all liabilities, particularly for those with substantial loans and multiple financial responsibilities.
New EPF withdrawal rules offer greater flexibility for salaried employees. Experts caution against withdrawing retirement savings prematurely due to lost compounding. Transferring EPF balances is generally better than withdrawing when changing jobs. Withdrawing EPF can impact future Employees' Pension Scheme benefits significantly. Consider genuine needs like permanent relocation or financial hardship before withdrawing.
Sebi proposes simplified rules, lower investment floor for mutual fund PMS
Sebi has proposed lowering the minimum investment for mutual fund-only portfolio management services. The regulator suggests reducing this threshold from Rs 50 lakh down to Rs 25 lakh. This move aims to make these services more accessible to a wider investor base. Additionally, Sebi is simplifying other requirements for these portfolio managers. These proposed changes are expected to impact the investment landscape significantly.
ICRA assigns A1+ rating to Capri Global Capitals 1,500 crore Commercial Paper programme
Rating reflects diversified lending book; Q1 net profit doubles to 353 crore on strong AUM growth
In FCNR (B) race, small banks raise deposit rates to woo NRIs
These banks are offering interest rates 150 bps higher than large lenders
Tata Capitals Q1FY27 consolidated net profit jumps 56% at 1,547 crore
Once the Yogloans acquisition is complete, over the next two and a half to three years, TCL expects to add close to about 500 plus branches and with a portfolio of approximately 4,000 to 5,000 crores
To enhance customer centricity and promote inclusive banking, PSBs have reviewed their service charge structures.
City Union Bank Q1 profit rises 25% to 383 crore on NII growth
Were on track for 20% business growth in FY27, says CEO Vijay Anandh
Equitas Small Finance Bank posts 183 crore profit in Q1
Gross advances grow 27%, led by gold and microfinance loans
Cholamandalam net profit up 46% in Q1FY27
The Board also approved fundraising aggregating to around Rs 55,000 crore by way of issue of Non-Convertible Debentures (NCDs)
Delhi High Court orders winding up of Paytm Payments Bank, says RBI
The High Court has appointed an official liquidator to oversee the winding up of Paytm Payments Bank following the RBIs decision to revoke its banking licence over regulatory violations.
Delhi High Court orders winding-up of Paytm Payments Bank
RBI-appointed liquidator Girikumar M Nair to take charge after licence cancellation in April
We are also consciously growing our retail, agriculture and MSME portfolio, says Brajesh Kumar Singh
Need regular income from mutual funds? Check these top-performing hybrid funds over 3 years
Five conservative hybrid mutual funds delivered attractive Systematic Withdrawal Plan (SWP) returns over a three-year period, according to an ET Wealth report. Parag Parikh Conservative Hybrid Fund led the category among listed schemes with a 10.9% return, followed by HSBC, ICICI Prudential, DSP, and SBI schemes.
Looking for best equity mutual funds to invest for 5 years? Check these 12 funds with over 20% gain
Top-performing equity mutual funds delivered over 20% five-year returns, led by infrastructure, midcap, and smallcap funds, with varying AUM, ratings, and expense ratios highlighting strong performance.
Don't let selling your house trigger a tax notice: Check these rules under Sections 54 and 54F
Many taxpayers who purchase or construct a residential house to claim exemption under Sections 54 or 54F are unaware that selling the house within the prescribed lock-in period can reverse the earlier tax benefit. This article explains how such a sale affects the computation of capital gains, highlights the different tax implications under the two provisions, and outlines the precautions taxpayers should take while filing their Income Tax Return (ITR) for Assessment Year (AY) 2026-27
Parag Parikh Flexi Cap among 5 flexicap funds with highest cash holding in June. Details here
Fund managers typically maintain cash to meet redemption requests and deploy capital when attractive investment opportunities arise.
Husband refused to take home wife after 4 years in hospital; high court orders him to care for her
Husband refused to take wife back home after she suffered an accident making her wheelchair bound; Hospital files case; HC orders him to take care and orders police to escort her. Know what the high court said.
Hold US stocks under LRS? Heres why you may not be able to gift them to NRI children
Indian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sale proceeds to be repatriated within 180 days. US stocks held under LRS may face US estate tax upon the investor's death. Indian residents can reduce this exposure by investing through non-US domiciled vehicles. Lifetime gifting and succession planning can also mitigate these tax complications.
AU Small Finance Bank has raised interest rates on FCNR(B) and NRE fixed deposits. These new rates are effective from July 27, 2026, for specific tenures. The government's decision to bear hedging costs on FCNR deposits influenced this change. AU SFB also offers zero forex margin and bank charges on remittances. These benefits provide NRIs with a comprehensive banking solution for wealth growth.
Central government employees retired between 2006 and 2008 will not receive MACP benefits. The Modified Assured Career Progression scheme began on September 1, 2008. This means the scheme was not active during their service period. Employee bodies are now demanding more MACP promotions for Group C and B staff. They seek five financial upgradations instead of the current three.
The government has notified the EPS pension 2026 scheme, superseding older plans. Existing pension fund benefits are protected under the new scheme. A special drive is underway to dispose of pending labor cases expeditiously. The new scheme maintains the pension calculation formula and contribution rates. Membership eligibility is defined for those joining after June 29, 2026.
EPF interest at 8.25% credited yet? Check your PF balance in these 3 easy ways
Bank of India Small Cap Fund among 21 equity MFs delivering over 20% SIP XIRR in one year
Around 21 equity mutual funds delivered over 20% XIRR on SIP investments over the past year, an ETMutualFunds analysis found. Small-cap funds dominated the list, with the top seven all belonging to the category and five generating over 30% XIRR. Bank of India Small Cap Fund topped the rankings with a 39.08% XIRR, turning a Rs 10,000 monthly SIP into around Rs 1.43 lakh.
TVS Motor raises stake in TVS Credit to 85.15% with 711-crore share purchase
With this, the shareholding of TVS Motor in TVS Credit will increase from 80.76 per cent to 85.15 per cent
ET Wealth Reader's Query: I am 43, a homemaker, with mutual fund investments of Rs 35 lakh and stock investments of Rs 50 lakh, mostly invested from my husbands income. During FY2025 26, I received dividend income of Rs 98,000, on which TDS of Rs 4,000 was deducted. I have no short-term or long-term capital gains during the year. In earlier years, I filed ITR-1 and reported annual income of Rs 2-3 lakh from private tuition. Is it appropriate to continue reporting Rs 2-3 lakh as income from private tuition? If so, which ITR form should I file?
MF Tracker: Can Motilal Oswal Midcap Fund retain its edge after topping the 5-year return chart?
Motilal Oswal Midcap Fund leads five-year returns, raising questions about future performance. The fund delivered strong CAGR, outperforming its benchmark and category average. However, recent valuations suggest a lower scope for similar past returns. Experts advise diversified equity fund investments to mitigate concentration risk. Investors can consider SIPs for rupee cost averaging during market fluctuations.
Gold prices saw a decrease today across major Indian jewellery brands. Rates for 22K gold jewellery varied slightly between Tanishq and other leading jewellers. These rates were observed across major cities like Delhi and Mumbai. The India Bullion and Jewellers Association also provides indicative rates for various gold purities.
Employee mistakenly declared Rs 14 lakh Australia salary in Indian ITR, later sought Rs 3.4 lakh foreign tax credit in India for tax paid in Australia; ITAT gives him full tax exemption on salary but denies Rs 3.4 lakh foreign tax credit. Know how employee won the fight in ITAT Delhi.
Lost track of old PF account? Govt reveals how new EPFO e-portal helps trace and transfer balance
The EPFO has launched a new digital platform to help members trace old accounts. Members can now securely access and transfer their accumulated PF balances online. This new portal simplifies the process of consolidating funds from inoperative EPF accounts.
RBI intervenes to bolster rupee, traders say
The rupee was up 0.3% on the day at 95.6425 per dollar, hovering around its strongest levels in two weeks
6 tax-saving tricks married couples in India are missing out on
HSBC uses leverage to win $5.5 billion in India Forex deposits
HSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered
Q1 Results Today, 28th July 2026 Live Updates: Stay tuned for more from businessline
Deeper financial markets are essential for Indias developed economy goal: RBI
Indias traditional bank-led financing model is insufficient to fund Viksit Bharats long-term growth ambitions, RBI Deputy Governor Rohit Jain said in Mumbai.
NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline followed weak equity market sentiments in the preceding quarter. Although market sentiment improved, it did not revive new fund offer fundraising. Established fund houses and differentiated products may still attract investor interest.
HDFC Bank board issues warning letters, 1 lakh penalty to CEO, CFO in MSRDC deposit case
This decision, made on July 23, 2026, came after a special committee found their actions to be business overreach rather than outright wrongdoing
Tamilnad Mercantile Bank Q1 net profit up 35% at 412 crore on core business growth
Surge in retail loans and healthy growth in agri loans boost growth in advances
Canara Bank Q1 profit rises 2% as credit growth stays strong
The state-owned lenders net interest income rose 13.39 per cent to 10,215 crore, while total income climbed 4.26 per cent to 39,684 crore.
Alleged data leak claims surface online, where the hacker shared screenshots that supposedly reveal personal and corporate banking info, including loan details and customer records
Non-Resident Indians can now purchase US dollar-denominated term insurance plans in India. These plans are available through Policybazaar's partner insurers at GIFT City. Premiums and claim payouts will be processed in US dollars, addressing currency depreciation risks. This initiative allows global Indians to access internationally aligned financial products within India.
Homebuyer wins full Rs 18 lakh refund in Mumbai: While the developer issued an allotment letter dated August 16, 2010, it failed to provide possession to the buyer. In view of the delay, the homebuyer had approached Maharashtra RERA seeking relief. The authority had on April 24, 2025, ordered the relief of possession to the homebuyer. He again filed a review seeking refund of the amount.
