Investors opting for premature redemption of select Sovereign Gold Bond (SGB) tranches are set to receive ₹14,158 per unit, with those holding SGB 2020-21 Series X earning a gain of nearly 177% over the issue price, excluding the interest paid during the holding period. The Reserve Bank of India (RBI) has fixed the premature redemption…
Gold prices edged lower on Monday (July 20), extending last week’s losses, as rising expectations of higher US interest rates outweighed safe-haven demand triggered by escalating tensions in the West Asia. Silver, however, traded higher in early Asian hours. Spot gold slipped about 0.4% to around $4,000.55 per ounce, while COMEX gold futures for August…
India’s growing pool of family offices and high-net-worth investors is looking beyond traditional investments, with healthcare, longevity and wellness emerging as long-term themes. According to The Indian Family Offices Report 2026 by 1Lattice, an AI and technology-enabled market intelligence and decision support platform, India has more than 300 family offices managing over $30 billion in…
India’s life insurance sector is likely to see significant changes over the next few years, driven by regulatory reforms, evolving customer preferences and technology adoption, according to Edelweiss Life Insurance. The insurer identified five key trends that could shape the industry, including product innovation, wider access, AI adoption, changing savings behaviour and greater focus on…
For generations, Indian women have been known as careful savers. They managed household budgets, built emergency funds and preserved wealth through traditional avenues such as gold and fixed deposits. But that money rarely moved beyond safety. That is changing. Indian women are stepping into equity markets, moving from simply saving money to actively investing it…
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme provides financial assistance to eligible farmer families across India through regular instalments. The money helps beneficiaries meet farming expenses, purchase seeds and fertilisers, and manage other household needs. The Centre has not yet announced the release date for the 24th PM-KISAN instalment. Beneficiaries should keep an eye…
The Association of Mutual Funds in India (AMFI) has revised the standard operating procedure (SOP) for transmitting mutual fund units after the death of an investor, introducing measures aimed at reducing documentation-related delays for nominees and legal claimants. The updated procedure takes effect immediately and has been shared with all asset management companies (AMCs), AMFI…
Fixed deposit (FD) interest is taxed at regular slab rates, and taxpayers must report it correctly while filing their income tax return (ITR) to avoid under-reporting of income and consequent penalties. FD interest income can be checked through bank statements, Form 26AS, the Annual Information Statement (AIS) or the Taxpayer Information Statement (TIS). After considering…
A one-time investment of ₹10 lakh in ICICI Prudential Flexicap Fund at its launch in July 2021 would have grown to ₹19.61 lakh as of June 30, 2026, according to data released by ICICI Prudential Mutual Fund. The fund house shared the performance as the flexi-cap scheme completed five years since its launch on July…
India’s gems and jewellery exports showed signs of recovery in June 2026, with overall gross exports rising 26.51% year-on-year to $2.21 billion, according to data released by the Gem & Jewellery Export Promotion Council (GJEPC). The increase comes after a prolonged period of decline amid weak global demand and economic uncertainties. Gross imports of gems…
