The Economic Times

Bank holiday today: On August 28, 2026, banks in numerous Indian states temporarily closed to allow citizens to celebrate various regional festivals. The observance of these holidays was uneven across states, showcasing India's diverse cultural landscape.

Sovereign gold bonds: Non-Resident Indians cannot invest in Sovereign Gold Bonds currently. However, existing bondholders can continue holding them until maturity. NRIs can invest in physical gold and digital gold options. These include gold mutual funds and gold ETFs. A demat account is required for digital gold investments.

Indian equity markets closed lower on Thursday, with the Sensex falling 539 points and the Nifty declining 117 points as selling intensified late in the session. Adani Enterprises and Kotak Mahindra Bank led Nifty gainers, while Hindalco, HDFC Bank and M&M emerged among the biggest losers.

Around 12 mutual funds are currently open for subscription across categories such as life-cycle, multi-asset, multi-cap, flexi-cap and sectoral funds. ICICI Prudential Mutual Fund has the highest number of new offerings, while several other fund houses have also launched schemes with subscription deadlines ranging from August 28 to September 10.

Five midcap MFs have delivered impressive annualised returns of over 22% in the past three years, with HSBC Midcap Fund topping the list at 24.8%. Invesco India Mid Cap, ICICI Prudential Midcap, WhiteOak Capital Mid Cap and Edelweiss Mid Cap also posted strong double-digit gains, while several other funds delivered comparatively lower returns of 11.6%-13.6%.

India Incs revenue growth is expected to moderate to 13-15% in Q2 FY27 from 21.3% in Q1, ICRA said. Higher input costs could squeeze margins, while domestic consumption supports growth and weak global demand pressures export-oriented sectors.

Indian equities fell sharply on Thursday, erasing gains during the first monthly expiry under the new closing auction session. Sensex dropped 539 points, or 0.7%, while Nifty declined 117 points, or 0.48%. HDFC Bank and NTPC led losses, while Kotak Mahindra Bank, ICICI Bank and Tech Mahindra gained.

Thirteen BSE midcap stocks delivered over 25% year-on-year profit growth for two consecutive quarters and gained 40%-118% over the past year, signalling strong earnings momentum and investor interest.

A fake notice falsely claimed CGHS wellness centres closure due to NEET-PG examination duties. The Directorate of CGHS and PIB Fact Check have denied the authenticity of this notice. Beneficiaries are advised to rely only on official CGHS communication channels. Necessary arrangements will ensure uninterrupted services for all CGHS members.

ETFs and index funds offer low-cost passive investing but differ in trading, liquidity, costs and SIP convenience. Heres how investors can choose between the two based on their needs.

Does the son have any inheritance right over parents property if he failed to take care of parents and court orders eviction? Know what law says. Read the article.

The industry currently has 30 live SIF platforms with total assets of Rs 23,177 crore

On August 27, 2026, gold prices dipped significantly across major Indian jewelry brands, including Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers, reflecting a decline from yesterday's trading. The Indian Bullion and Jewellers Association (IBJA) also reported reduced gold and silver rates. Customers should be mindful of GST and making charges when they plan to buy gold jewelry.

The Employees Provident Fund serves as a robust mechanism for building long-term savings through consistent contributions and the magic of compound interest. Factors like annual salary hikes and stable interest rates greatly influence the total savings, while optional contributions can further bolster retirement finances.

Around 12 equity mutual funds turned a Rs 10,000 monthly SIP into more than Rs 11 crore since their respective inceptions, an ETMutualFunds analysis showed. Among around 305 equity funds analysed, 110 turned the same monthly SIP into more than Rs 1 crore, with Nippon India Growth Mid Cap Fund topping the list at Rs 29.32 crore.

The Wealth Company Mutual Fund has launched its new multi-cap fund, which mandates at least 25% allocation each to large-, mid- and small-cap stocks. Experts say the funds performance will depend on stock selection and portfolio construction, while investors should consider their risk appetite, investment horizon and overall market-cap allocation.

According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more.

Life certificate: Non-Resident Indians are facing significant hurdles in submitting their Jeevan Pramaan digitally. Issues such as Aadhaar authentication failures and mobile number complications obstruct online life certificate submissions.

Specialised investment funds are changing wealth manager portfolio structures. Hybrid SIF strategies are increasingly included in allocations. These funds offer tax efficiency and differentiated investment approaches. Wealth managers suggest these funds complement core portfolios for investors. SIFs provide flexibility through various investment strategies.