PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to act as a sponsor for a pension fund under the National Pension System (India) (NPS), the company said. Following the approval, the firm plans to set up a separate pension fund entity that will manage retirement savings of NPS…
The Pension Fund Regulatory and Development Authority (PFRDA) has launched the second proof of concept (PoC) of ‘NPS Swasthya’ under its regulatory sandbox, aiming to integrate retirement savings with access to healthcare funding within the National Pension System (NPS). The initiative is being developed as a multi-partner framework. Medi Assist Healthcare Services is providing the…
COMEX gold and silver prices retreated on Thursday (April 9), reflecting cautious investor sentiment as geopolitical tensions in West Asia continued to influence commodity markets. Gold on the COMEX was last quoted at $4,738.80 an ounce, down $38.40 or 0.8%, while silver fell $1.925, or 2.55%, to $73.46 an ounce. Analysts said the declines follow…
In the wake of sharp market corrections, investors must be looking for opportunities to invest in fundamentally strong companies at attractive valuations. Chintan Haria, Principal – Investment Strategy, ICICI Prudential AMC, shared insights on why value-based investing, particularly through passive ETFs, is gaining relevance. Value-based approach adds structure during volatility “Markets can be noisy and…
Green Portfolio, a SEBI-registered investment management firm, has launched a new tool, The Wealth Roadmaps, designed to help retail investors achieve specific wealth milestones of ₹25 lakh, ₹1 crore, or ₹5 crore. The portfolios are available through the small case platform and allow investors to start a systematic investment plan (SIP) in a curated set…
Even as the Reserve Bank of India (RBI) Governor Sanjay Malhotra held the repo rate steady on April 8, the policy backdrop appears supportive for fixed deposit (FD) investors, with multiple market indicators pointing to a possible gradual uptick in deposit rates. The decision to maintain status quo comes at a time when bond yields,…
Groww Mutual Fund has launched the Groww Arbitrage Fund, an open-ended scheme that seeks to invest in arbitrage opportunities in the equity markets. The fund will be open for subscription during its NFO period from April 8 to April 22. The scheme primarily follows a “long cash – short futures” strategy, where positions in the…
A recent judgment by the Bombay High Court has clarified that employees cannot be denied provident fund (PF)–linked pension benefits due to an employer’s failure to maintain statutory records. The ruling, in Kiran Rajaram Jadhav vs EPFO, is expected to influence how the Employees’ Provident Fund Organisation assesses higher pension claims. What the court held…
RBI keeps repo rate at 5.25, holding EMIs steady after earlier cuts. Repo linked borrowers gain more than MCLR ones, and stable rates support housing demand and refinancing. By Anshul April 8, 2026, 12:33:25 PM IST (Published) 3 Min Read Data shared by BankBazaar highlights the benefit of the earlier rate cuts, which continue under…
Gold and silver prices surged in early trade on Wednesday (April 8), tracking global gains as markets reacted to a temporary easing of geopolitical tensions in West Asia. On the domestic front, futures prices on the Multi Commodity Exchange (MCX) opened sharply higher. Gold rose 2.24% to ₹1.53 lakh per 10 grams (24-karat), while silver…
