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Top 10 mutual funds to invest in July 2026
ETMutualFunds decided to put out a list of top 10 mutual fund schemes. We have chosen two schemes from five different equity mutual fund categories - aggressive hybrid, large cap, mid cap, small cap and flexi cap schemes which we believe should be enough for regular mutual fund investors.
SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions, sources say
To reassure lenders, the Japanese technology investor is guaranteeing loan repayment, allowing banks to seek recourse from SoftBank if the pledged OpenAI shares lose value
RBI floating rate bond : Has 8.05% interest rate changed? Here's what investors should know
The Reserve Bank of India has maintained the Floating Rate Savings Bond interest rate at 8.05% following the Finance Ministry's decision to keep the National Savings Certificate rate at 7.7%. This bond offers a 0.35% premium over the NSC, providing a competitive return compared to many small savings schemes and bank fixed deposits.
On the Google Play community page, a user recently shared a similar experience. They said, I took a Rs 1 trial on Moj app, but Rs 699 was auto-debited without clear consent. I have not used the subscription service at all. Please cancel my subscription and process a full refund immediately.
A Kerala family has been awarded Rs 2.5 lakh compensation after a public sector bank lost the original Pattayam (land title deed) submitted as security for a Rs 3 lakh agricultural loan. The mother-son duo mortgaged their 2-acre-20-cent land in 2014. When they discovered the document was missing in 2018, they faced significant distress and hardship, leading to the consumer commission's ruling.
Zero income tax in Form 16? You may still have to file an ITR in these cases
Even if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be mandatory. Certain income levels, high-value transactions like significant bank deposits, foreign travel, or owning foreign assets can trigger a filing requirement.
AI-enabled cyber threats emerged as the leading perceived risk over the next 12 months: RBI survey
FSR highlighted that India remains exposed to cyber attack risks, with a relatively high volume of cyberattacks
Jana SFBs promoters plan to monetise their shareholding to repay debenture holders
Promoter entities have restructured their outstanding listed NCDs; Ind-Ra places the Banks debt instruments on Rating Watch with Negative Implications
HSBC announces plans for integrated campus in Bengaluru
India is home to HSBC's largest Global Service & Technology Centres, with more than 40,000 colleagues supporting the bank's global businesses, customers and operations
Prudential HCL enters health insurance market
With this approval, the number of standalone health insurance companies in India has risen to eight
SBI unveils a suite of AI-powered digital journeys for retail and business banking customers
Eligible customers can also seamlessly convert their Savings Account into a Corporate Salary Account or upgrade an existing salary account online, eliminating the need to visit a branch
RBI Appoints Ravi Shankar as New Executive Director Effective July 1
New Delhi, July 1: The Reserve Bank of India (RBI) has appointed Ravi Shankar as its new Executive Director, effective July 1, 2026. The central bank announced this appointment through an official statement. Prior to this promotion, Ravi Shankar served as the Advisor-in-Charge of the Department of Statistics and Information Management (DSIM) at RBI. According ... Read more RBI Appoints Ravi Shankar as New Executive Director Effective July 1
Edelweiss AMC crosses Rs 1 lakh crore equity AUM milestone, SIP book at Rs 690 crore
Edelweiss Asset Management Company crossed Rs 1 lakh crore in equity AUM, with total assets reaching Rs 1.78 lakh crore. The milestone reflects growing retail participation, strong SIP inflows, consistent fund performance and rising investor confidence in long-term wealth creation.
Paisabazaar has launched PB Pass, a new complimentary airport lounge access program for its credit card users, offering entry to over 1,800 lounges globally. This benefit is available to new credit card applicants upon activation and first bill payment via the Paisabazaar app.
How a Multi Asset Allocation brings equity, debt and gold together in one place
Diversification is key to successful investing, and Multi-Asset Allocation Funds offer a balanced approach. These funds invest in at least three asset classes, including equity for growth, debt for stability, and gold for diversification, ensuring a resilient portfolio. By combining these elements, investors gain exposure to multiple return sources through a single, convenient solution, helping navigate market cycles and achieve long-term goals.
Retirement planning often pits National Pension System (NPS) against equity mutual funds. While mutual funds offer flexibility and potentially higher returns, NPS boasts significant tax advantages and low costs. Read the article to know how a monthly investment of Rs 15,000, which goes up by 5% every year, can grow over 20 years in NPS and mutual funds.
Parents can open a Public Provident Fund (PPF) account for their minor children to secure their future, benefiting from compounding over the 15-year maturity period. While the annual contribution limit is 1.5 lakh across all minor accounts and the parent's own PPF, it offers tax benefits under the old regime.
NBFC-MFIs AUM set to accelerate to 20% in FY27 from 4% in FY26: Crisil Ratings
Secured loans to power NBFC-MFI growth as microfinance portfolio gradually recovers
Gold prices saw a slight dip today, July 1, 2026, across major Indian jewellers. Consumers looking to purchase gold jewellery will find it beneficial to compare rates from brands like Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers.
Homegrown AlphaGrep takes on Jio BlackRock with India Algo Funds
Over the next 18 months, AlphaGrep Investment Management Pvt plans to unveil about half a dozen mutual funds, Chief Executive Officer Bhautik Ambani told a press conference Tuesday. On July 6, it will launch the first fund, a dynamically managed multi-asset fund investing across equities, fixed income and commodities.
A new Employees' Pension Scheme, 2026, has replaced earlier pension schemes, effective June 29, 2026. While core benefits like the pension formula and contributions remain, key changes include faster pension claim settlements within 20 days and a 12% interest penalty for EPFO delays.
Can central government employees get 3% or 4% DA hike in July 2026? Latest AICPI data reveals this
Labour Bureau reading for DA hike: The latest AICPI-IW data for May 2026 indicates that central government employees are likely to receive a 3% dearness allowance (DA) hike, taking DA from 60% to 63%. A 4% hike appears unlikely unless June's AICPI-IW reading jumps to around 154.5, with the final outcome depending on June inflation data and the government decision.
Filing ITR? Here's what AIS and Form 26AS tell the income tax department about you
As taxpayers gear up for ITR filing in AY 2026-27, understanding the consolidated Form 168 (formerly AIS and Form 26AS) is crucial. This unified document offers a comprehensive view of your financial footprint, detailing income sources, investments, and tax credits. Reviewing it meticulously against your records helps ensure accurate reporting, prevent mismatches, and avoid potential tax notices, streamlining your return submission.
Ahmedabad-based Wealth First to acquire Mumbai wealth manager in 102-cr deal; targets 20,000 cr AUM
51% acquisition by 2026, full ownership targeted by 2030 via structured share swap and cash deal.
EPFO services, including online claim submissions and passbook downloads, will be unavailable until July 1, 2026, due to a system migration. Members can check their EPF balance via a missed call if their UAN is linked with Aadhaar, PAN, and bank details.
A 45-year-old salaried investor with a Rs 3 lakh monthly income sought expert advice on whether his mutual fund portfolio can support retirement at 60. The expert recommended continuing disciplined SIPs, consolidating 17 mutual fund schemes into seven, maintaining liquidity, and avoiding premature allocation for discretionary goals like buying a luxury car.
NFO Alert: AlphaGrep Mutual Fund launches multi asset allocation fund, its first fund
AlphaGrep Mutual Fund has launched its inaugural fund, the AlphaGrep Multi Asset Allocation Fund, marking its entry into the Indian retail market. This open-ended fund employs a systematic, quantitative approach to dynamically allocate capital across equities, fixed income, and commodities, aiming for long-term growth with minimal human bias. The NFO opens July 6 and closes July 20, offering institutional-grade strategies to everyday investors.
Jana Holdings, Jana Capital get BSE nod to extend maturity date of NCDs
Jana Holdings and Jana Capital may sell shares in Jana Small Finance Bank to redeem NCDs
RBI sees banks bad loans rising on geopolitical risks
If the RBIs projections are realised, it would highlight how the conflict in West Asia has emerged as a key risk for Indian lenders
Foreign income in ITR? Avoid these 7 disclosure mistakes that can cost you dearly
The income your tax return doesn't need to include; 8+ types of tax-free income in India
ITR deadline, Aadhaar updates, passport fee hike: 7 financial changes from July 1 you shouldn't miss
Bitcoin falls to 21-month low on rate-hike fears
Bitcoin dropped as much as 1.5% to $57,742 in Asia trading on Wednesday, its lowest level since September 17, 2024
The Bombay High Court has overturned disciplinary action against an SBI employee, ruling that a shared auto-rickshaw is not a 'workplace' under the POSH Act. The employee faced harassment charges after an incident during his commute. The court emphasized that for the Act to apply, transportation must be employer-provided. This decision leaves the merits of the harassment allegation open for other legal avenues.
Stock traders' alert: When income tax audit becomes mandatory for AY 2026-27
Stock market traders, especially those involved in intraday and F&O trading without a registered business, need to understand tax audit rules. Income from these activities is typically classified as speculative business income. Turnover calculation, based on the aggregate of positive and negative differences, determines audit applicability, generally requiring an audit if it exceeds Rs 10 crore for banking channel transactions.
Unfair appraisal? 5 tests courts use to detect bias against employees
Suspect unfair appraisal in the private sector? Indian courts examine five key tests to detect bias. They first establish a comparable employee, then identify the grounds for discrimination, often focusing on protected characteristics. Employers must provide documented justifications for pay differences. Crucially, documentary evidence is vital. If proven, remedies can include back pay and compensation, though courts generally defer to management discretion in non-protected cases.
Active share decoded: The metric that reveals a fund's true strategy
Unsure if your fund manager is truly active? Active share reveals how much a mutual fund's portfolio deviates from its benchmark index. A low active share might mean paying active fees for index-like performance. Understanding this metric helps investors identify genuine active management and avoid 'closet index funds,' potentially leading to better investment decisions.
Household debt rises to 45.5% of GDP, borrower profiles improve: RBI FSR
Despite the increase in borrowings, the RBI sees an improvement in the quality of borrowers
Bima Sugam to go live by September-end: IRDAI chief
Consultation paper on wider distribution reforms expected before the end of July
Funding emerging as key challenge for the banking system: FSR
Change in investment preferences towards higher-yielding equities and mutual funds
Fintechs bet on UPI-led engagement to build lending, commerce business
While rewards and cashback continue to attract users, companies are increasingly positioning them as tools to deepen engagement rather than standalone customer acquisition strategies
New Aadhaar App from July 1, 2026: Will all your old Aadhaar records be erased from mAadhaar app?
The older mAadhaar App is retiring on June 30, 2026, making way for a new, enhanced Aadhaar App. Don't worry, your existing Aadhaar records will not be deleted; the app is merely a service access point.
Small savings scheme interest rates: The Finance Ministry has kept interest rates on all small savings schemes unchanged for the JulySeptember 2026 quarter. Rates remain 8.2% for SCSS and Sukanya Samriddhi, 7.7% for NSC, 7.5% for Kisan Vikas Patra and 5-year deposits, 7.1% for PPF, and 4% for Post Office Savings Account.
New Railway Act amendments, effective July 2026, significantly hike penalties for common travel offenses. Travelling without a ticket now incurs fare plus a minimum Rs 500 penalty, shifting from criminal charges to recovery.
Retiring with Rs 2 crore? Experts advise a prudent 3.5-4% withdrawal rate, yielding around Rs 60,000-Rs 70,000 monthly. This sustainable income hinges on lifestyle, inflation, and investment strategy, with a balanced portfolio of equities and bonds crucial. Avoiding common pitfalls like excessive early withdrawals and neglecting healthcare costs ensures your corpus lasts.
These 10 equity mutual funds gained up to 10% in June. Check top performers
NFO Alert: ICICI Prudential Mutual Fund announces launch of balanced hybrid fund
The new fund offer or NFO of the fund is open for subscription and will close on July 14. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment.
Private sector drives rise in India's external debt as government debt declines: RBI
RBI data showed that India's external debt increased by $26.3 billion over its level at the end of March 2025
Gold prices saw a dip across major Indian jewellery brands on Tuesday, June 30, 2026, offering buyers welcome relief. Leading retailers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower rates for 22-carat gold in key cities.
My wife and I declared diabetes in our health insurance policy. Will it cover new illnesses too?
ET Wealth Reader's Query: My wife and I have had a floater health insurance policy for over four years. We declared diabetes as a pre-existing condition. Now we have high cholesterol and mild fatty liver. Will my insurance cover pre-existing and new illnesses?
UTI Mutual Fund buys nearly 15 lakh shares of MCX for Rs 425 crore
UTI Mutual Fund has significantly boosted its stake in MCX, acquiring nearly 15 lakh shares for a substantial Rs 425 crore via an open market deal. This move comes as MCX reported a remarkable surge in its March quarter profits, nearly quadrupling to Rs 530 crore and tripling revenue. The commodity exchange, a dominant player with over 98% market share, saw its shares dip slightly following the transaction.
Good investing outcomes come from doing few boring things well: Nithin Kamath
Zerodha co-founder Nithin Kamath said building long-term wealth does not require chasing hot stocks or timing the market. He stressed that investors often overcomplicate investing by trying to predict markets or pick from thousands of options. In a post on X, he said good outcomes come from doing a few boring things well through disciplined, low-touch investing.
Tata AIA launches two cancer insurance plans with income replacement option
The company launched the product after research showed 48% of respondents preferred income payouts over lump sums, and 47% favored monthly income
HDFC Bank appoints Puneet Sharma as CFO, confirms exit from Axis Bank
The appointment confirms market speculation following Sharmas resignation from Axis Bank, announced on June 28, 2026
With UPI now live in Greece, eligible customers can transfer money instantly, securely, and seamlessly, with transaction costs reduced drastically to a fraction of conventional transfer costs.
Regulatory measures to help banks withstand West Asia, El Nino risks: Nuvama
Public sector banks, small and mid-sized private banks and second-line NBFCs outperformed, while large private sector banks and NBFCs lagged due to concerns related to growth, margins and management issues
Central government departments must submit pay revision data for the 8th Pay Commission by today, June 30, 2026. Submissions are strictly online via the commission's portal; physical or emailed data will be rejected.
Which mutual funds are best for SWP? Expert explains, also decodes STP tax implications
Choosing the right mutual funds for a Systematic Withdrawal Plan (SWP) hinges on individual financial goals, investment horizon, and risk tolerance, not a universal list. Experts advise aligning fund choices with withdrawal timelines, suggesting equity/hybrid for long-term wealth building and debt funds for immediate income needs. Understanding tax implications of Systematic Transfer Plans (STPs) is also crucial for a balanced investment strategy.
Spouse's FD, shares or gold? You may still have to pay tax under clubbing rules
As Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why taxpayers receive scrutiny notices, how they should respond, the consequences of non-compliance and under-reporting of income, the relief available under Section 270AA, and the key compliance lessons for filing current-year returns.
10 equity mutual funds deliver over 25% returns in 2026, one of them doubled money
Around 10 equity mutual funds delivered returns of over 25% in the first half of 2026, with Nippon India Taiwan Equity Fund more than doubling investors' money. The top performers were largely international and thematic funds, while technology-focused schemes dominated the list of worst-performing equity mutual funds during the period.
You could get thousands back in tax refunds, if you know where to look
You probably own 15 funds. You only need 1. Here's why
Four PSU banks pay 9,439 cr dividend to govt for FY26
PNB MD & CEO Ashok Chandra presented a dividend cheque of 2,416 crore for FY 2025-26 to Finance Minister Nirmala Sitharaman
Enhanced insurance cover for exports to West Asia extended till Sept 30
The enhanced risk cover announced on March 19 was part of the Resilience and Logistics Intervention for Export Facilitation (RELIEF) scheme under the Export Promotion Mission
Best dynamic bond funds to invest in June 2026
Confused by interest rate shifts? Dynamic bond funds offer a solution, allowing managers to adjust investments based on market outlook. While not foolproof, these funds could shine if the RBI begins rate cuts later this year, potentially rewarding debt mutual fund investors after muted performance. For those investing three to five years without wanting to predict rate movements, dynamic bond funds present an option.
World Bank to abandon goal to devote 45% of lending resources to climate change projects
The bank's previous target of devoting 35% of lending resources to climate-related projects also was dropped, but bank officials have said that demand for projects with climate co-benefits remains strong from client countries.
Global financial firms pivot to South Korea, cautious on China and India, survey shows
Singapore, Hong Kong, South Korea, China, Japan, India and Taiwan are attracting roughly half of firms' expansion interest
HDFC Bank names Puneet Sharma CFO, starting December 1
Sharma will join the lender as CFO-designate from September 1 after more than six years as CFO Axis Bank, from where he resigned on Sunday.
Working abroad? You may pay zero tax on selling Indian shares if you meet this condition
Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using convertible foreign exchange. This provision, under Section 215 of the Income Tax Act, 2025, allows for tax exemption if the sale proceeds are reinvested in specified Indian assets within six months. However, a three-year lock-in period applies to the reinvested assets.
A Telangana High Court ruling has revived a property deal after a buyer's nine-year delay in paying the Rs 8 lakh balance. Despite the seller's initial opposition, the court condoned the extensive delay, allowing the buyer to complete the sale by depositing the outstanding amount with 12% annual interest. The court emphasized that the seller's failure to appeal the original decree prevented him from opposing the sale now.
HDFC Banks board approves former CEC Rajiv Kumar as its PT Chairman
Kumar, who retired as Finance Secretary in February 2020 and later also served as the 25th Chief Election Commissioner of India, is appointed as an Additional Director with effect from June 30, 2026 for 4 years
Bank of Baroda may raise up to $1 billion via senior unsecured notes issuance
The plan to raise resources via the senior unsecured notes may be to provide leverage to its NRI customers wanting to place fresh foreign currency non-resident (bank) deposit with the bank at higher interest rates
Banking sector needs more bold reforms, says Deepak Parekh
India needs to move out of its legacy policy frameworks and need bold measures like adopting cross border securitisation transactions
Axis Bank and Bandhan Banks CFOs resign
According to word on the street, Sharma and Mantri may join as CFOs of HDFC Bank and Axis Bank, respectively.
PSB Canara Bank handed cheque of 2,397 cr to the GOI
For the financial year 2025-26, Canara Bank declared a dividend of 4.2 per share
Central Bank of India opens its IFSC banking unit at GIFT City
Banks IBU will enable it to cater to the foreign currency funding requirements of its corporate clients
EPFO portal upgrade 2026: When will claim, passbook and other online services be available again?
GIFT IFSC to get One KYC system as IFSCA plans unified client onboarding framework
Mandatory KRA integration aims to eliminate repeated KYC, speed up onboarding and build common compliance infrastructure across GIFT IFSC.
Aarogya Setu 2.0, a new Personal Health Record app, launched today, offering users access to health services, secure record storage, and nearby facility searches. Developed under Ayushman Bharat Digital Mission, it integrates PM-JAY services and introduces Ayushman Sarathi, a WhatsApp chatbot for easier access.
Some banks are set to see stronger interest margins as RBI moves cut short-term funding costs
Certificates of deposit, which banks use to raise funds for up to one year, have seen rates plunge by up to 60 basis points over the past three weeks
MFI portfolio quality up in May; West Bengal, MP, Rajasthan laggards: Report
West Bengal, Rajasthan and Madhya Pradesh are the laggards delivering elevated levels of stress for the MFIs, the report said
Facing delays in SWP payouts? Expert explains what investors should do
Delays in SWP payouts should be treated as delayed mutual fund redemptions. SEBI requires payouts within three working days, with delayed payments potentially attracting investor interest compensation.
JioBlackRock Mutual Fund launches Prism Hybrid Long-Short Fund, its first SIF
JioBlackRock has launched its Prism Hybrid Long-Short Fund, an innovative interval investment strategy allowing twice-weekly redemptions. This fund aims to generate capital appreciation and income by blending equity, debt, derivatives, and alternative investments. Designed for dynamic markets, it seeks to deliver better risk-adjusted returns with lower volatility, leveraging BlackRock's global expertise and advanced technology. The New Fund Offer is open until July 13.
July 2026 presents crucial income tax deadlines for Indian taxpayers. The most significant deadline is July 31, marking the final day for salaried individuals and pensioners to file their Income Tax Returns (ITR-1 and ITR-2).
Mutual fund returns stuck at 1% in four years? Expert says next phase could matter the most
After earning just 1% returns from mutual fund investments over four years, an investor sought expert advice on whether to alter her portfolio. Harshvardhan Roongta of Roongta Securities said weak returns are a normal part of equity investing, urging investors to stay disciplined, avoid frequent changes, and focus on long-term wealth creation through consistent SIPs.
PPF calculator: Invest 1.5 lakh a year and here's exactly when you'll hit 1.54 crore
IIFCL plans $1 billion loan; in talks for $400 million ADB funding
The $1 billion loan will be for 15 years at an interest rate of under 7%, and the company is talking to the Asian Development Bank for a separate 20-year loan of roughly $400 million
Gold prices saw a slight dip across major Indian retailers today, offering a welcome respite for buyers. Jewellery prices for 22-carat gold have settled around Rs 13,110 per gram at leading stores in cities like Delhi, Chennai, and Mumbai.
