Healthcare-focused thematic mutual funds attracted net inflows of ₹1,129 crore in September, the highest among the thematic equity categories tracked in Vallum Capital Advisors’ monthly report, even as the category’s median return declined 4% during the month. The inflows increased from ₹984 crore in August, according to Morningstar data cited in the report. Healthcare was…
With Diwali approaching, PhonePe is offering firecracker insurance with premiums starting at ₹11 and medical coverage of up to ₹25,000. The policy, underwritten by Aditya Birla Health Insurance, covers specified medical expenses arising from firecracker-related mishaps, subject to the policy terms and conditions. The insurance is available in two variants: an 11-day plan priced at…
NCDEX on October 22 launched two rule-based equity indices, NDEX and FINNDEX, as the exchange expands into the equity and equity derivatives segments. The indices use a multi-factor methodology that combines free-float market capitalisation, average daily traded value, beta and volatility to select stocks and determine their weights. Under the methodology, free-float market capitalisation and…
Indian tourists travelling to Sri Lanka will be able to use familiar Indian payment methods, including UPI, cards and net banking, at participating merchants following a cross-border payments partnership between Pine Labs and Sri Lankan payment platform WEBXPAY. The partnership, announced on October 22, will enable WEBXPAY’s merchant network across hospitality, travel, retail and online…
Festive-season credit card offers include instant discounts, cashback, reward points and no-cost equated monthly instalments (EMIs). While these can lower the upfront cost or spread payments over time, consumers should check the applicable charges, offer conditions and repayment costs before making a purchase. The value of an offer depends on the final price paid, the…
The 8th Pay Commission process is under way, but central government employees are still waiting for an official fitment factor and revised pay matrix. While the Commission gathers stakeholder inputs, employees can use different hypothetical fitment factors to understand how their current basic pay could translate into a revised amount. The 8th Central Pay Commission…
Sundaram Mutual’s new Select Equity Ex-Top 100 Long-Short Fund will invest predominantly in companies outside the top 100 by market capitalisation, with the flexibility to take short positions through equity derivatives. The strategy combines stock selection with the option to benefit from, or hedge against, certain share-price movements. The new fund offer (NFO) opened on…
By CNBCTV18October 21, 2026, 9:51:42 PM IST (Updated) Indian equities face a prolonged phase of flat returns despite double-digit earnings and GDP expansion, testing investor patience. Speaking to CNBC-TV18, R Sivakumar, CIO of Axis Mutual Fund, cautions…Read More Source link
The extended deadline for furnishing tax audit reports for assessment year 2026-27 ended on October 21, for the specified category of taxpayers. The Central Board of Direct Taxes (CBDT) had extended the deadline from September 30, following which the income-tax return filing deadline for the same category was moved from October 31 to November 21….
Motilal Oswal Mutual Fund has launched the Motilal Oswal Multi Asset-Omni Fund of Funds, an open-ended scheme that invests in equity-oriented schemes, debt-oriented schemes, and gold and silver exchange-traded funds (ETFs). The new fund offer (NFO) opened on October 21 and will close on November 4. The scheme aims to generate long-term capital appreciation through…
