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The Economic Times

Personal Finance / The Economic Times

India's largest asset manager SBI Funds Management files for IPO

India's largest asset manager SBI Funds Management filed for an initial public offering, where its existing investors State Bank of India and Amundi will together offload a 10% stake, its draft prospectus showed on Thursday.

19 Mar 2026 8:44 pm
Sahara refund portal update: Have claim up to Rs10 lakh? Check resubmission process

Depositors can now access a simplified refund process through the CRCS-Sahara refund portal for claims up to Rs 10 lakh. This Supreme Court-monitored initiative allows resubmission for those with previous deficiencies or payment failures, with claims processed within 45 working days.

19 Mar 2026 6:00 pm
Minimum EPS pension of Rs 1,000 must be hiked: Congress Jairam Ramesh criticises governments inaction despite committees recommendations

Jairam Ramesh, who held different ministries during the United Progressive Alliance (UPA) government, came down heavily on the current government, saying during the Modi governments nearly 12-year tenure, several social security schemes have gradually weakened, or have been deliberately made weakened.

19 Mar 2026 4:45 pm
West Asia war's connection to South Mumbai property prices: Why Israel-Iran war could push prices up by Rs 50150 per sq ft

South Mumbai home prices are set to rise. The ongoing Gulf war is increasing construction costs for builders. This could lead to a 5% price hike for luxury apartments. Steel and aluminium prices have surged. Imported fittings also cost more. Buyers may face an additional Rs 50-150 per square foot.

19 Mar 2026 4:22 pm
Are you living in illusion of safety of fixed deposit held in a bank? Do this to safeguard your FD

FD investors often overlook bank failure risks, as only 5 lakh per depositor per bank is insured by DICGC. Spreading funds across multiple banks and legal owners, including joint accounts and family members, is crucial to maximize insurance coverage and protect principal beyond the 5 lakh limit.

19 Mar 2026 3:16 pm
Gold rates dipped today: Check latest prices on Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, Joyalukkas and IBJA

Festive occasions like Ugadi and Gudi Padwa see many people buying gold. Today, March 19, 2026, gold prices have dropped. Major jewellers like Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, and Joyalukkas are offering 22k gold at competitive rates. IBJA data also shows a dip in gold and silver prices compared to yesterday.

19 Mar 2026 3:07 pm
Income tax refund delay: Why lakhs of taxpayers are still waiting and what the rules say

Many taxpayers who filed ITRs for FY 202425 (AY 202526) are still waiting for refunds. However, such delays are not uncommon and do not always indicate an issue with the return.

19 Mar 2026 2:58 pm
HDFC Bank crashes 9% in one day. Which mutual funds have highest exposure to this stock in February

HDFC Bank shares fell nearly 9% after the resignation of Chairman Atanu Chakraborty triggered leadership concerns. Mutual funds held 359 crore shares worth Rs 3.19 lakh crore before the fall, with SBI Mutual Fund leading exposure. The data highlights significant institutional holding in the stock despite recent volatility.

19 Mar 2026 2:21 pm
ATM rules changing from April 1, 2026: Check HDFC Bank, PNB and Bandhan Banks UPI, cash withdrawal limits, revised fees

ATM rules : Several Indian banks, including HDFC, PNB, and Bandhan Bank, are implementing changes to ATM withdrawal policies effective April 1, 2026. These modifications involve UPI withdrawal limits, daily withdrawal caps on specific debit cards, and revised free transaction counts.

19 Mar 2026 1:51 pm
From Mumbai to Bengaluru: Compare monthly living costs across major Indian cities before you plan your move

The cost of living in India varies significantly based on the city you choose. Cost of living includes daily expenses like food, transport, utilities, and entertainment, with rent typically being the largest additional expense. City indices are useful for comparing affordability; lower scores mean cheaper living. Based on Numbeo data (March 2026), heres a simple breakdown to help you compare and plan smarter.

19 Mar 2026 1:18 pm
Property buyer deposited TDS in wrong year? How Form 71 can help sellers claim credit and rectify the error within 2 years

Property sellers can now fix TDS credit mistakes. If a buyer incorrectly deposited TDS, sellers can file Form 71 within two years. This form helps align TDS credit with the correct assessment year. The ITAT Delhi recently upheld this, ensuring sellers receive credit even if the buyer erred. This mechanism aids taxpayers in claiming their rightful TDS.

19 Mar 2026 12:55 pm
Want Rs 1 lakh monthly income after retirement? Senior citizens can use these govt-backed schemes

Many senior citizens prefer stable income over high-risk returns. Government-backed schemes like the Senior Citizen Savings Scheme (SCSS) and RBI Floating Rate Bonds offer returns above 8%.

19 Mar 2026 12:30 pm
EPFO guidelines for international workers: Govt lays down procedure to transfer EPF amount to foreign accounts

The Employees Provident Fund Organisation has simplified rules for international workers. Payments can now be made directly to overseas bank accounts. This eases hardships related to tax forms. Only nations with Social Security Agreements are eligible. A nodal office in Delhi will manage tax forms. This change aims to streamline fund transfers for global employees.

19 Mar 2026 12:06 pm
8 critical mistakes that can get your health insurance claim rejected

Health insurance is designed to protect you during medical emergencies, but even minor mistakes can result in claim rejection. Many policyholders lose out because of document errors, missing disclosures, or incorrect hospital records. By being aware of these common mistakes, you can steer clear of unnecessary stress and financial loss. Read to know more about the key mistakes you should watch out for.

19 Mar 2026 11:47 am
Gold, silver ETFs tumble up to 8% on Feds hawkish stance. Is it time to buy the dip?

Silver and gold exchange-traded funds saw a sharp decline on Thursday. This happened after the US Federal Reserve kept interest rates steady and signalled a cautious approach to future cuts. Several silver ETFs dropped up to 8%, while gold ETFs fell between 2% and 4%.

19 Mar 2026 10:26 am
Mutual funds bet big on healthcare, outpace BSE 200 exposure. Should you join in?

Mutual funds significantly increased their allocation to the healthcare sector in February 2026, making it their fourth-largest exposure. This overweight stance, exceeding the BSE 200 benchmark, is driven by strong earnings visibility, export potential in pharmaceuticals, and rising insurance penetration. Experts suggest moderate exposure for investors, balancing stability with sectoral concentration risks.

19 Mar 2026 10:11 am
Best arbitrage mutual funds to invest in March 2026

Arbitrage funds look for arbitrage opportunities available between the cash and derivatives markets. In other words, the fund managers in these schemes look for the price difference that they can exploit between the cash and derivatives markets. They may also invest in debt securities and equities if there are no arbitrage opportunities available in the market.

19 Mar 2026 10:09 am
Sold two farm lands for Rs 8.75 crore capital gains but paid no tax or filed ITR; ITAT Ahmedabad rules in favour of taxpayer

A man from Bharuch, Gujarat had sold two agricultural lands for Rs 8.75 crore capital gains to a company who subsequently used the lands for industrial purposes. This man however, paid no income tax The Income Tax Department issued a notice. The ITAT Ahmedabad ruled in his favour for this reason.

19 Mar 2026 8:00 am
Gudi Padwa bank holiday today 2026: Are banks closed today on March 19, 2026 in your state?

Banks across several Indian states will be closed on Thursday, March 19, 2026, due to various regional festivals. Celebrations like Gudi Padwa, Ugadi, Telugu New Year, and Sajibu Nongmapanba will lead to closures in states.

19 Mar 2026 7:00 am
BEW Engineering bulk deal: Ashish Kacholia exits SME company as stock slumps 44% in a year

Ace investor Ashish Kacholia exited BEW Engineering entirely through a bulk deal, amid prolonged stock underperformance and declining prices, raising concerns about the companys near-term outlook despite its niche presence in pharmaceutical equipment manufacturing and past listing gains.

18 Mar 2026 8:44 pm
Cipla, GSPL among 6 stocks that hit 52-week lows; slip up to 24% in a month

Seven stocks from the BSE 500 index slipped to their 52-week lows. A 52-week low marks the lowest level a stock has traded at over the past year, and is closely tracked by traders and investors to gauge valuations and potential future price trends.

18 Mar 2026 4:30 pm
Canara Robeco Large and Mid Cap Fund turns Rs 10,000 SIP to Rs 2 crore in over 2 decades

Canara Robeco Large and Mid Cap Fund, a large and midcap fund managed by Canara Robeco Mutual Fund, turned a Rs 10,000 monthly SIP to Rs 1,97,34,611, delivering an XIRR of 16.89% in nearly 21 years since its inception.

18 Mar 2026 4:19 pm
Tenancy ended due to demolition of building? Law allows tenants to claim compensation or alternative accommodation

Tenants ordered to vacate a dilapidated building in Varanasi can seek compensation or rehousing after demolition. The Allahabad High Court ruled that public safety, prioritized by municipal demolition notices, overrides tenancy rights. Tenants must pursue relief through separate legal proceedings after vacating.

18 Mar 2026 3:49 pm
Property in wifes name? Ownership cant be challenged without proof of family funds

The Orissa High Court upheld a mother's right to evict her son and daughter-in-law from her self-acquired house. The court ruled that property solely in a woman's name is her absolute property, as per Section 14 of the Hindu Succession Act, unless joint family funding is clearly proven. The son's claim of joint ownership failed due to lack of evidence.

18 Mar 2026 2:07 pm
Mutual funds raise cash by Rs 3,500 crore in February amid volatility; kitty at Rs 2.09 lakh crore

Mutual funds boosted their cash reserves by Rs 3,544 crore in February 2026, reaching a total of Rs 2.09 lakh crore. This marks a slight increase in cash as a percentage of total assets under management. Several large fund houses, including SBI Mutual Fund and PPFAS Mutual Fund, hold significant cash positions.

18 Mar 2026 2:01 pm
Iran-Israel war, pricey valuations drag metals, stocks plunge up to 15% since conflict began. Buy or sell 2025s top sector?

Metal stocks, once among 2025s top performers, have slipped up to 15% since the IranIsrael/US conflict began on February 27. Despite showing resilience versus other sectors, high valuations and global risk-off sentiment are weighing on the space, leaving metals vulnerable to a deeper correction amid elevated macro uncertainty.

18 Mar 2026 1:41 pm
8th Pay Commission news: Railway body wants more allowances, pension inclusion, new classification of posts

In a letter written to Ranjana Desai, chairperson, 8th Pay Commission, KV Ramesh, secretary general, IRTSA, wrote that stakeholders should be allowed to submit responses offline and the commission should also include questions related to more allowances, pension and pensioner rights, new classification of Group A, B and C employees, among others.

18 Mar 2026 1:12 pm
8th Pay Commission questionnaire submission deadline extended: Check details

The 8th Pay Commission has extended the deadline for submitting responses to its 18-point questionnaire to March 31, 2026. Central government employees, pensioners, and unions are invited to provide feedback on pay, pension, and employment conditions.

18 Mar 2026 1:12 pm
Looking for flexicap mutual funds? Here are the top 7 funds to invest in March 2026

ETMutualFunds has identified top flexicap mutual funds. Selections were based on rolling returns, consistency, risk, and asset size. Funds like Parag Parikh Flexi Cap Fund and HDFC Flexi Cap Fund showed strong performance. These funds suit moderate investors with a five to seven-year horizon for wealth creation.

18 Mar 2026 12:14 pm
Kuch aisa karke dikha, khud khush ho jaye khuda: Radhika Gupta said after winning Asset Manager of Year for second time

Edelweiss Mutual Fund has been named Asset Manager of the Year at the Morningstar awards for the second year running. This marks a significant achievement for the fund house. Radhika Gupta, MD and CEO, credited the investment team's discipline and consistency. The award recognizes long-term wealth creation. Other funds from Edelweiss also received accolades in their categories.

18 Mar 2026 12:09 pm
6 new airline rules on free seat allocation, PNR, delays, cancellations and more

Airlines must now offer at least 60% of flight seats free of charge, ensuring fairer access for all passengers. New DGCA rules also mandate families sit together, allow sports equipment and pets, and improve communication of passenger rights in regional languages.

18 Mar 2026 11:28 am
Silver and gold ETFs fall up to 4% ahead of Fed decision. What investors should do

Silver and gold ETFs fell nearly 4% on Wednesday, tracking a mild decline in MCX prices as investors turned cautious ahead of the U.S. Federal Reserves policy decision. Uncertainty around the Middle East conflict and interest rate outlook weighed on sentiment. The near-term trajectory for gold will depend on the Feds guidance on rate cuts versus a prolonged pause.

18 Mar 2026 11:10 am
After divorce is final, criminal case against in-laws has no purpose: SC quashes 498A criminal case against father-in-law

The Supreme Court quashed criminal charges against a father-in-law in a 498A case, citing the divorce decree obtained by his son and ex-wife. The court emphasized that continuing proceedings after the marriage has ended serves no legitimate purpose, prolongs bitterness, and burdens the justice system. This decision highlights the court's use of Article 142 powers to ensure complete justice.

18 Mar 2026 11:03 am
Best aggressive hybrid mutual funds to invest in March 2026

If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds. Mutual fund advisors typically recommend aggressive hybrid fund schemes to conservative equity investors to create wealth to achieve their long-term financial goals.

18 Mar 2026 10:35 am
Planning your MF investment for FY27? Experts advice flexicap, multi-cap with gold & silver ETF exposure

As FY27 approaches, experts recommend flexicap and multi-cap funds for equity investments, alongside gold ETFs for hedging and silver ETFs for tactical allocation. They advise a multi-asset approach, emphasizing large-cap funds for core portfolios and cautioning against over-concentration in mid- and small-cap segments due to current market conditions.

18 Mar 2026 10:33 am
Lowest home loan interest rates: SBI vs HDFC Bank vs ICICI Bank vs Canara Bank; which bank offers lowest EMI; top bank rates compared

Securing the lowest home loan interest rate is crucial for significant long-term savings, with rates influenced by credit score, LTV, and income. Public and private sector banks offer varying rates on loans above Rs 75 lakhs. Tax benefits include deductions on interest and principal repayment.

18 Mar 2026 9:48 am