PPFAS Asset Management Chief Investment Officer Rajeev Thakkar has defended the fund house’s investment strategy in a letter to unitholders, arguing that equity market volatility is the price investors pay for the potential to earn higher long-term returns. The letter comes amid growing scrutiny over the recent underperformance of the Parag Parikh Flexi Cap Fund,…
UPI payments remain free for consumers. But as the platform handles billions of transactions every month, the debate over who should pay the cost of running the network is growing louder. As UPI handles billions of transactions each month, questions around merchant charges, MDR and the cost of running the ecosystem have come into focus….
The Kisan Credit Card (KCC) scheme was introduced to help farmers access timely and affordable formal credit for their agricultural needs. While the scheme was initially focused on meeting seasonal crop expenses, it has expanded over the years to include allied activities such as dairy farming, poultry, fisheries, animal husbandry and beekeeping. Source link
Arbitrage funds witnessed unusual movements in their daily net asset values (NAVs) after the implementation of the new closing auction session (CAS) mechanism from August 3. Some schemes reported a sharp rise in NAVs on the first day, followed by a partial reversal in subsequent sessions. However, fund managers said the movement was largely due…
The government has clarified that UPI users will not have to pay Merchant Discount Rate (MDR) if such a charge is introduced in the future. Finance Minister Nirmala Sitharaman said the proposed MDR would apply to merchants and not customers. The clarification came after concerns emerged that changes proposed through the Taxation and Other Laws…
Life Insurance Corporation of India (LIC) expects to deliver early double-digit growth in 2026-27 (FY27), with non-participating (non-par) products continuing to drive profitability, R Doraiswamy, MD & CEO of LIC, said. While Unit Linked Insurance Plans (ULIPs) and annuities faced headwinds in the April-June quarter of 2026 (Q1FY27) due to market uncertainty and interest rate…
Global investors reduced their exposure to gold-backed ETFs in the second quarter of 2026, but Indian investors continued to increase their allocation to gold funds, highlighting a divergence in precious metal investment trends across regions, according to Mirae Asset Mutual Fund. Gold-backed ETFs saw net outflows of around 45 tonnes globally during the April-June quarter…
Flipkart-backed fintech platform super.money has launched ‘splitStore’, an in-app shopping feature that allows customers to buy products from brands and pay for them in multiple interest-free instalments. The service is being offered through partnerships with regulated lenders and is integrated into the checkout process. Customers can use splitStore to shop from brands including Apple, Nothing,…
Gold and silver prices extended their gains in the futures market on Friday (August 7), supported by fresh buying, a firm global trend and expectations that easing inflation pressures could give the US Federal Reserve more room to cut interest rates. On the Multi Commodity Exchange (MCX), gold futures for October delivery rose ₹1,272, or…
Akasa Air has launched its loyalty programme, Akasa Elevate, on the airline’s fourth anniversary on August 7. The programme will allow members to earn Elevate Points on eligible flight bookings and ancillary purchases, with benefits linked to their membership tier. Akasa Air, which began operations in August 2022, said it has carried nearly 29 million…
