Gold and silver prices declined in international markets on Monday (July 13) as rising crude oil prices, a stronger US dollar and higher bond yields offset the safe-haven appeal of precious metals amid escalating tensions in West Asia. COMEX gold was trading at $4,083.10 an ounce, down $30.60 or 0.74%, while COMEX silver fell $1.12,…
Over 1.7 crore I-T returns have been filed for 2025-26 financial year so far, the Income Tax Department said on Saturday, July 11. The last date to file ITRs 1 and 2 for income earned in 2025-26 fiscal year is July 31. ”Over 1.7 Crore taxpayers have already taken the smart step and filed their…
Luxury living comes at a different price around the world. Here’s why some cities became even more expensive while others lost ground this year. 1/10 SINGAPORE: Ranked no. 1, and has held this position consistently for the past four years. The one year it wasn’t on top was 2022, when Shanghai held the No. 1…
Every month, over ₹30,000 crore flows into mutual funds through SIPs. As more Indians move from traditional savings to financial assets, asset management companies have emerged as some of the biggest beneficiaries of this structural shift. It is against this backdrop that SBI Funds Management, India’s largest mutual fund house, is coming to the market…
Multi-asset allocation funds continued to attract strong investor interest in June, emerging as one of the biggest contributors to hybrid mutual fund. According to AMFI data, multi-asset allocation funds received net inflows of ₹4,811 crore during June. Along with arbitrage funds, which attracted ₹5,799 crore, the category accounted for more than 80% of total hybrid…
Systematic Investment Plan (SIP) contributions rose to a three-month high of ₹31,781 crore in June, up ₹827 crore, or nearly 3%, from ₹30,954 crore in May, according to data released by the Association of Mutual Funds in India (AMFI). The increase came alongside a recovery in equity mutual fund inflows, which rose 26.5% month-on-month to…
The Income Tax Department has put out the Excel Utility for ITR-7 for Assessment Year 2026-27 on its e-Filing portal, giving eligible entities another offline tool to prepare their returns before the filing deadlines set in. The department confirmed the rollout in a post on X, urging taxpayers to take note. “Kind Attention Taxpayers! The…
Gold exchange-traded funds (Gold ETFs) recorded net inflows of ₹3,443 crore in June, reversing the ₹725 crore net outflows seen in May, according to data released by the Association of Mutual Funds in India (AMFI). The reversal came alongside a broader recovery in exchange-traded fund (ETF) investments. Overall ETF inflows stood at ₹13,238 crore in…
Debt-oriented mutual fund schemes recorded net outflows of ₹1.09 lakh crore in June, compared with net outflows of ₹96,949 crore in May, according to the Association of Mutual Funds in India (AMFI). The withdrawals came even as the overall mutual fund industry’s assets under management (AUM) rose to ₹82.22 lakh crore at the end of…
Net inflows into equity mutual funds rose 26.5% month-on-month to ₹28,961 crore in June from ₹22,897 crore in May, according to monthly industry data. The mutual fund industry’s total assets under management (AUM) increased to ₹82.22 lakh crore at the end of June from ₹81.58 lakh crore in May. Among equity categories, mid-cap funds received…
