Personal Finance

The Pension Fund Regulatory and Development Authority (PFRDA) has introduced a regulatory sandbox framework that will allow entities to test innovative pension products, services, business models and technology-driven solutions in a controlled environment before wider deployment. The framework, which came into effect immediately, aims to encourage innovation in India’s pension sector while safeguarding subscriber interests…

Gold prices climbed on Thursday (June 4), with the benchmark August contract on the Multi Commodity Exchange (MCX) rising ₹926, or 0.58%, to ₹1.59 lakh per 10 grams amid fresh buying by traders and strength in global markets. Silver prices also traded higher, tracking gains in precious metals as investors sought safe-haven assets amid geopolitical…

Marcellus Investment Managers’ GIFT City branch has launched the Marcellus Global Equities Fund, a retail investment scheme that will provide Indian resident investors access to overseas equities through the International Financial Services Centre (IFSC) framework in GIFT City. The new fund offer (NFO) will open on June 8 and close on June 19. According to…

Specialised Investment Funds (SIFs) and Alternative Investment Funds (AIFs) are designed for investors seeking access to investment strategies beyond traditional mutual funds. While both can offer approaches such as long-short, market-neutral and absolute-return strategies, they differ in areas such as minimum investment requirements, liquidity, risk framework, fees and taxation. Minimum investment One of the biggest…

Motilal Oswal Mutual Fund (MOMF) has announced the launch of the Motilal Oswal BSE Clean Environment Index Fund, an open-ended scheme that will replicate and track the BSE Clean Environment Index. The new fund offer (NFO) will open on June 5 and close on June 19. The fund seeks to provide returns, before expenses, that…

360 ONE Mutual Fund has launched the DynaSIF Equity Ex-Top 100 Long-Short Fund under its Specialised Investment Fund (SIF) platform, DynaSIF. The new fund offer (NFO) will open on June 5 and close on June 19. The open-ended investment strategy will invest primarily in mid- and small-cap companies outside the top 100 stocks by market…

Public Provident Fund (PPF) investors may be leaving money on the table by overlooking a little-known timing rule that affects how interest is calculated on their deposits. Under PPF regulations, interest is calculated on the lowest balance in the account between the close of the fifth day and the last day of each month. This…

Punjab National Bank (PNB) has discontinued complimentary lounge access benefits on its Mastercard Platinum Debit Cards with effect from June 1, according to a customer communication issued by the bank. “All complimentary lounge access facilities on PNB MasterCard Platinum Debit Cards will be discontinued from 01-06-2026,” the bank said in a notice to customers. The…

The Securities and Exchange Board of India (SEBI) has released a revised master circular for Alternative Investment Funds (AIFs), bringing together a series of regulatory changes introduced over the past two years into a single consolidated framework for the industry. The updated circular, issued on June 3, incorporates all directions issued under the SEBI (Alternative…

Emkay Wealth Management has maintained a positive medium- to long-term outlook on gold and silver, saying the precious metals remain supported by central bank buying, expectations of lower US interest rates and sustained investor demand despite recent bouts of volatility. The wealth manager said gold, which briefly crossed the $5,000-an-ounce mark earlier this year, is…