CRED has introduced biometric authentication for UPI payments on its platform, enabling users to authorise transactions using facial recognition or fingerprint verification. The feature is available on both iOS and Android devices for transactions of up to ₹5,000. It covers a range of UPI use cases on the app, including credit card bill payments, utility…
A systematic investment plan (SIP) of ₹10,000 per month in Tata Mutual Fund’s Tata ELSS Fund has grown to over ₹1 crore over a 20-year period, according to the fund house’s latest note. The scheme, which was launched in March 1996, has performance data spanning multiple market cycles. The data shows that a total investment…
Lakshya Asset Management Company has received approval from the Securities and Exchange Board of India to commence its mutual fund business, marking the entry of a new player into India’s expanding asset management industry. The company is sponsored by Wealth First Portfolio Managers, a publicly listed wealth management firm on the NSE and BSE. Lakshya…
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced changes to the National Pension System (NPS) framework by reclassifying entities under the corporate model into two categories—government entities and legal entities other than government. Reclassification of NPS corporate model Under the revised framework, organisations such as central and state public sector undertakings (PSUs), statutory…
The Pension Fund Regulatory and Development Authority (PFRDA) has expanded the pool of entities eligible to act as pension agents, allowing Points of Presence (PoPs) to engage a wider set of intermediaries to distribute pension schemes, including the National Pension System (NPS). In a circular, the regulator permitted PoPs to onboard additional categories of individuals…
ICICI Prudential Asset Management Company will reclassify its ICICI Prudential Thematic Advantage Fund (FOF) as an aggressive hybrid fund of funds, effective April 1, in line with regulatory requirements for multi-manager FoF structures. The scheme will be renamed ICICI Prudential Aggressive Hybrid Active FOF and moved from the ‘Others – FOFs’ category to ‘Hybrid FOF…
Higher education costs in India have increased in recent years, influencing how students and families approach funding decisions. Changes are visible in fee levels, borrowing patterns, and course selection, with a growing focus on affordability and outcomes. How costs have changed Tuition fees, particularly at private and deemed universities, have risen by around 5–10%…
Bandhan Mutual Fund’s Bandhan Infrastructure Fund has turned a ₹10,000 investment into over ₹62,000 since inception, as the scheme marks 15 years of operations alongside its assets under management (AUM) crossing ₹1,400 crore, according to a note from the fund house. Data shared by the asset manager shows that the fund has delivered a compounded…
Credgenics has launched CredInsure, an artificial intelligence-based platform aimed at supporting insurance companies in managing policyholder engagement and related operations. The move comes as insurers deal with growing customer bases and product offerings, which have increased the complexity of handling renewals, servicing, and premium collections. Market participants indicate that fragmented systems and manual processes continue…
As the March 31 financial year-end approaches, crypto investors should take a structured approach to tax compliance, with clear rules now in place for reporting Virtual Digital Asset (VDA) transactions. Under India’s current framework, income from cryptocurrencies—including trading gains, staking rewards, mining income, and airdrops—is taxed at a flat 30%, along with a 1% tax…
