Asset management company Franklin Templeton said its Franklin India Money Market Fund has crossed ₹3,800 crore in assets under management (AUM) as the scheme completed 24 years of operations. Launched as an open-ended debt scheme, the fund invests in short-term money market instruments such as certificates of deposit (CDs), commercial papers (CPs), Treasury bills and…
Paytm has introduced a built-in calculator within its payment screen that allows users to add multiple amounts and confirm the total before completing a transaction. The feature enables users to calculate the final payable amount directly within the app while making a payment, removing the need to switch to a separate calculator application. The total…
HSBC Mutual Fund has launched its first exchange-traded fund (ETF) offerings in India with the introduction of the HSBC Gold ETF and the HSBC Gold ETF Fund of Fund, both aimed at providing investors exposure to gold through market-linked instruments. The new fund offer (NFO) for HSBC Gold ETF will remain open from March 16…
Health insurance coverage for Ayush treatments has formally moved closer to parity with modern medicine in recent years, but practical challenges in claim approvals and reimbursement continue to remain, according to Rajiv Vasudevan, founder and managing director of Apollo AyurVAID. Vasudevan said regulatory changes by the Insurance Regulatory and Development Authority of India (IRDAI) have…
Retail participation in mutual funds through systematic investment plans (SIPs) continued to grow in February 2026 despite heightened market volatility, according to data released by ICRA Analytics. SIP contributions stood at ₹29,845 crore in February 2026, marking a 14.79% increase from ₹25,999 crore in February 2025, reflecting continued participation from retail investors. However, on a…
WSFx Global Pay (GlobalPay) has launched a new prepaid forex card that allows users to switch between multiple currencies through a single card, as outbound travel from India continues to grow. The company said the Smart Switch Forex Card allows travellers to start with a single currency and later switch across up to 30 currencies…
Affluent homebuyers in India are purchasing luxury homes for lifestyle use and long-term wealth preservation rather than short-term capital appreciation, according to Nibhrant Shah, Managing Director and Co-CEO, Isprava. The shift reflects a broader change in investment behaviour among high-net-worth individuals, who are treating luxury real estate as a combination of personal consumption and long-term…
The Department of Posts will launch a new premium delivery offering, ‘24 Speed Post’, from March 17, aiming to provide faster and more reliable parcel and document delivery across major cities. Union Communications Minister Jyotiraditya M Scindia and Minister of State for Communications Chandrasekhar Pemmasani will formally launch the service at an event in New…
Gold and silver prices in international markets traded higher on March 17, supported by geopolitical tensions and cautious investor sentiment ahead of key central bank decisions this week. On the commodities front, COMEX gold rose 0.40% to $5,022.10 per ounce. COMEX silver gained 0.83% to $81.35 per ounce, with prices moving in a range of…
A growing number of younger Indians are facing not just a medical emergency but a financial one. A new multi-city data from Apollo Home Healthcare highlights a sharp rise in stroke cases among working-age adults and widespread gaps in insurance coverage. The data shows that stroke cases among people aged 20 to 45 have risen…
