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The Economic Times

Personal Finance / The Economic Times

Aditya Birla Sunlife AMC says its chief investment officer Patil quits

Aditya Birla Sunlife Asset Management Company on Wednesday said that its chief investment officer, Mahesh Patil, has resigned.

7 Jan 2026 9:13 pm
Sebi extends timeline till Mar 1 to implement additional incentives structure for MF distributors

Markets regulator Sebi on Wednesday extended the timeline till March 1 for the implementation of an additional incentives structure for mutual fund distributors for onboarding new individual investors from B-30 cities and new women investors from any city.

7 Jan 2026 6:01 pm
Income Tax refund delay: Why refunds for FY 2024-25 ITR filings are taking longer and what you can do

Income Tax Refunds Delay News: Taxpayers filing for FY 2024-25 are experiencing delayed refunds, though the Income Tax Department remains within statutory processing timelines. Delays often stem from high-value claims, pending demands, or simple taxpayer errors like claiming deductions not reported to employers.

7 Jan 2026 5:19 pm
NFO Monitor: Mahindra Manulife Mutual Fund launches innovation opportunities fund

The New Fund Offer opens on January 9 and will close on January 23, following which the scheme will reopen for ongoing transactions from February 2, 2026.

7 Jan 2026 4:56 pm
Client Associates sets Sensex's 2026 target at 93,918; sees elevated valuations, earnings moderation as headwinds

Client Associates has set a December 2026 Sensex target of 93,918, implying 10% annual growth, while cautioning investors about elevated valuations and near-term earnings moderation, and highlighting gold and silver as strategic allocations amid global uncertainty

7 Jan 2026 3:41 pm
Mutual fund AUM-to-bank deposit ratio jumps 3x in 10 years. Whats driving the shift?

Indias mutual fund assets have surged nearly sevenfold in a decade, pushing the AUM-to-bank-deposit ratio above 33%, driven by lower deposit rates, rising incomes and a growing preference for market-linked investments, though India still trails developed markets.

7 Jan 2026 2:51 pm
EPFO wage ceiling change: Supreme Court asks Provident Fund body to increase Rs 15,000 limit; what it means for you

The Supreme Court has directed the central government to decide on increasing the EPF wage ceiling within four months. This comes after a plea highlighted that the current Rs 15,000 limit, unchanged since 2014, excludes many workers from social security benefits. The court asked the petitioner to submit a formal request to the government.

7 Jan 2026 1:25 pm
Why simplifying Rs 3 crore portfolio is crucial with retirement approaching? Expert answers

As retirement nears, even high-value portfolios can face risks if they are overly complex. Experts highlight the need to simplify strategies, rebalance equity exposure and focus on diversified mutual funds to protect wealth and align investments with clearly defined long-term goals.

7 Jan 2026 12:50 pm
Mutual fund commissions cut 25% of investor wealth in 80% of schemes over 10 years: Report

Based on the data as of March 2024, the study shows that regular plans continue to dominate assets, with 21.2% of regular investments held for over five years, compared to 7.7% in direct plans, underscoring the persistence of commission-led distribution despite sustained underperformance.

7 Jan 2026 12:32 pm
NFO Alert: Bank of India Mutual Fund launches banking & financial services fund

Bank of India Mutual Fund has launched the Bank of India Banking & Financial Services Fund, an open-ended equity scheme focused on BFSI stocks. The fund aims to capture Indias long-term financial sector growth through investments in banks, NBFCs, fintech, insurance and capital market companies, targeting long-term investors.

7 Jan 2026 12:18 pm
Rekha Jhunjhunwalas Titan holding soars to Rs 20,000 crore as stock hits fresh record high

Titan Companys strong December-quarter update drove its shares to a fresh record high, significantly boosting Rekha Jhunjhunwalas notional wealth. Robust growth across jewellery, watches, emerging categories and international markets, supported by premiumisation and store expansion, reinforced Titans leadership position and sustained positive investor sentiment.

7 Jan 2026 11:40 am
LIC Jeevan Utsav Single Premium Policy launched: Key features, benefits, income options and eligibility

LIC has launched Jeevan Utsav Single Premium, a non-par, non-linked plan offering guaranteed lifelong income and risk cover. Available from January 12, 2026, it provides guaranteed additions and two survival benefit options: Regular Income and Flexi Income. The plan also includes death and maturity benefits with attractive features like loan facility and optional riders.

7 Jan 2026 11:31 am
Gold vs Silver ETFs: Where should investors deploy funds amid USVenezuela conflict?

As geopolitical risks surge, experts highlight why gold ETFs remain the portfolio anchor, offering stability and protection during global shocks. Silver ETFs, though more volatile, can enhance returns when industrial demand strengthens. A thoughtful blend of bothwithin a broader multi-asset strategycan help investors navigate uncertainty with greater resilience.

7 Jan 2026 10:17 am
Best small cap mutual funds to invest in January 2026

Investing in small caps is not a childs play. You will have to find successful fund managers who specialise in small cap stocks. You should also pay attention to how the schemes fared during the market downturn.

7 Jan 2026 9:38 am
Check these 7 important charges in your home loan agreement that can make your debt more costly

Homebuyers in 2026 should look beyond interest rates and scrutinize loan agreements for other charges like processing fees, prepayment penalties, and bundled insurance. These costs can significantly inflate your total loan burden. Understanding and negotiating these fees can save you lakhs over your home loan tenure.

7 Jan 2026 8:45 am
Wife files 498A case against in-laws alleging they are provoking husband to torture her; loses case in Gujarat HC for this reason

The Gujarat High Court quashed a Section 498A case against a husband's parents, citing vague allegations of them provoking their son to inflict torture. The court found no specific actions linked to the in-laws, deeming further proceedings a futile exercise and an abuse of process, thus granting them relief. Know how they won the case.

7 Jan 2026 7:51 am
Section 87A rebate on capital gains from debt mutual fund: ITAT Chandigarh gives relief to taxpayer and cancels Rs 25,710 tax demand notice from Income Tax Dept

The Income Tax Appellate Tribunal in Chandigarh has ruled that taxpayers can claim the Section 87A tax rebate on long-term capital gains from debt mutual funds. This decision overturns a tax demand of Rs 25,710 for a taxpayer. The tribunal clarified that the restriction on this rebate applies only to equity-oriented gains. Read more.

7 Jan 2026 7:51 am
Will your SBI YONO app be blocked if you dont update your Aadhaar? Check reality

A viral WhatsApp message falsely claims SBI customers must download an APK to update Aadhaar KYC, warning of YONO app blockage. The PIB Fact Check team has debunked this as a scam, urging users not to download suspicious APKs or share personal information, as SBI never requests such updates via unofficial links.

7 Jan 2026 7:00 am
How to buy gold and silver through mutual funds?

Mutual funds offer indirect investment in gold and silver through ETFs, fund-of-funds, and multi-asset allocation funds. Investors can utilize SIPs and STPs for systematic investments. Tax implications vary based on holding periods, with long-term gains taxed at 12.5%. A 'buy on dips' strategy and limited portfolio exposure are recommended after recent rallies.

7 Jan 2026 6:29 am
Titan Q3 update: Consumer business grows 40% YoY; company adds 56 new stores

Titan Company's consumer businesses surged 40% year-on-year in Q3FY26, with international and domestic segments growing 79% and 38% respectively. The company expanded its retail network by 56 stores, reaching 3,433. Jewellery sales jumped 41% driven by price increases, while watches and eyecare also saw significant growth.

6 Jan 2026 9:34 pm
Seller took earnest money but failed to convert leasehold property: Supreme Court orders Rs 3 crore refund to buyer

The Supreme Court ordered a seller to pay Rs 3 crore to a buyer after a 17-year property dispute. The seller failed to convert the leasehold property to freehold, while the buyer was found to have not proven readiness to pay the full amount. The court aimed to prevent unjust enrichment by the seller.

6 Jan 2026 5:49 pm
8th Pay Commission for state government employees: How much time can states take to implement 8th CPC recommendations?

Central government employees typically receive pay commission benefits first, with states often following suit. However, states can form their own commissions, leading to staggered implementation and potentially different payout revisions. While pay structures are similar, states assess fiscal impact, meaning salary and pension hikes may not align perfectly or occur simultaneously with the Centre's announcements.

6 Jan 2026 4:49 pm
Higher health insurance coverage at least cost: Do super top up plans live up to their promise? Mind the pitfalls

Rising medical costs are pushing policyholders towards high-sum insured health plans. Super top-up plans offer an affordable way to enhance coverage, acting as an extra layer beyond a base policy. These plans sound great for high coverage at an affordable premium, but read to find out why super top-up plans have lower premiums, their limitations, and more.

6 Jan 2026 4:31 pm
Mirae Asset India veteran Mahendra Jajoo joins Quant Mutual Fund: Report

Mirae Asset Mutual Fund announced the transition of its Chief Investment Officer Fixed Income, Mahendra Jajoo, and named Basant Bafna to take charge of managing the fixed income portfolio.

6 Jan 2026 3:29 pm
Amazon Pay launches FD investment service: How you can invest in fixed deposits offering up to 8% interest

Amazon Pay has expanded its services beyond UPI payments to include fixed deposit investments. Users can now invest in FDs with partner NBFCs and banks directly through the Amazon Pay app, with a minimum investment of Rs 1,000 and interest rates up to 8% per annum. Deposits with partner banks are insured up to Rs 5 lakh by DICGC.

6 Jan 2026 3:10 pm
Starting your mutual fund investment journey in 2026? Expert shares strategies to structure portfolio

An expert outlines key principles for new mutual fund investors in 2026, stressing goal-based planning, disciplined asset allocation and understanding risk appetite. Investors should avoid emotional decisions, herd behaviour and panic selling, focus on long-term objectives, diversify across fund categories, and seek professional advice if market knowledge is limited.

6 Jan 2026 2:53 pm