Several multi-cap mutual funds delivered double-digit returns over a five-year period despite volatility in domestic equity markets. According to Association of Mutual Funds in India (AMFI) data as of May 26, Nippon India Multicap Fund delivered the highest five-year direct return among multi-cap funds at 21.05%. Mahindra Manulife Multi Cap Fund and ICICI Prudential Multicap…
Gold prices inched higher on Friday (May 29) while silver extended gains, as investors weighed reports of a potential US-Iran ceasefire extension alongside persistent concerns over inflation and the trajectory of US interest rates. COMEX gold was trading at 4,537.00, up 4.60 points or 0.10%, after moving between 4,519.50 and 4,551.20 an ounce during the…
With medical emergencies becoming increasingly expensive, health insurance has become a necessity for most families. Health insurance is a shield that stops medical bills from ruining your family’s savings. When a sudden illness or accident strikes, hospital bills can easily cost more than a year’s salary. Insurance ensures you pay a small, fixed amount regularly…
State-owned lender Bank of Baroda has announced the introduction of biometric payment authentication, UIDAI-based face authentication for UPI PIN services and Internet of Things (IoT)-based payment capabilities on its UPI application bob इ Pay. The bank said bob इ Pay is a universal UPI application that can be used by customers of any bank. Under…
For decades, India’s home loan market ran on a relatively straightforward formula: stable salary, clean credit score, manageable EMI. But as property prices rise, incomes evolve and younger borrowers enter the market with unconventional financial profiles, lenders are quietly rewriting the rules of home loan eligibility. The shift is not about making credit dramatically easier….
Financial services firm Bajaj Finserv has announced the launch of ‘Finserv Intelligence’, a group-wide research and innovation initiative focused on artificial intelligence, cybersecurity, quantum technologies and digital innovation. As part of the initiative, the company said it has partnered with Indian Institute of Technology Bombay to set up a joint research centre that will work…
The West Bengal government has launched the Annapurna Yojana, a financial assistance scheme for women that will come into effect from June 1. Under the scheme, eligible women will receive monthly financial assistance of ₹3,000 through direct transfer to Aadhaar-linked bank accounts. The state government said the scheme is aimed at providing financial support and…
As June 2026 approaches, bank customers across India are advised to check the upcoming holiday schedule before planning branch visits or important financial work. The Reserve Bank of India (RBI) has released the list of bank holidays for the month, which includes regular weekend closures along with several regional festivals and observances in different states….
India’s National Pension System (NPS) is undergoing a series of structural tweaks across charges, withdrawals and product design that could gradually influence how retail investors approach retirement planning. Industry experts note that while these changes do not alter the core market-linked structure of NPS, they are aimed at improving transparency, cost efficiency and long-term alignment…
India’s Portfolio Management Services (PMS) industry entered FY27 on a strong note, with assets under management (AUM) crossing ₹42.2 lakh crore in April 2026, according to the latest Compendium Report released by the Association of Portfolio Managers in India (APMI). The industry AUM rose 2.1% month-on-month, reflecting steady investor participation at the start of the…
