India’s insurance sector is set to move a step closer to global financial reporting norms from Wednesday, April 1, as the Insurance Regulatory and Development Authority of India (IRDAI) rolls out its proposed transition to Indian Accounting Standards (Ind AS). The shift, outlined in a recent consultation paper, introduces frameworks such as Ind AS 117…
India’s move toward faster credit reporting is set to roll out in phases, with the Reserve Bank of India (RBI) laying the groundwork for more frequent updates to borrower data, though the transition to a fully weekly system will not take effect immediately. The central bank has issued multiple amendments to its credit information reporting…
A consumption-focused mutual fund has turned a ₹10,000 monthly SIP into about ₹62.9 lakh since inception, according to the latest factsheet from Mirae Asset Mutual Fund. The Mirae Asset Great Consumer Fund, launched in March 2011, has delivered an SIP return of around 15.4% since inception. A total investment of ₹17.9 lakh through monthly SIPs…
Zerodha Fund House has announced the launch of a new hybrid index fund that combines exposure to equities and government securities within a single passively managed scheme. The Zerodha Nifty LargeMidcap250 Plus 8–13 yr G-Sec 70:30 Index Fund tracks a composite index that allocates 70% to the Nifty LargeMidcap 250 Index and 30% to the…
From April 1, the Securities and Exchange Board of India (SEBI) has implemented a revised valuation framework for physical gold and silver held by mutual fund schemes, marking a shift in how exchange-traded funds (ETFs) calculate their net asset values (NAVs). The new rules mandate fund houses to use exchange-published polled spot prices—sourced from recognised…
The Central Board of Direct Taxes (CBDT) has notified amendments to the Income-tax Rules, 2026, revising provisions under Rule 128. The changes will come into effect from April 1, 2026. The notification, issued by the Ministry of Finance, introduces modifications to sub-rule (1)(d) and sub-rule (2) of Rule 128. Under the revised sub-rule (1)(d), income…
An initial investment of ₹10,000 in the Bandhan Value Fund at its inception 18 years ago would have grown to approximately ₹1.48 lakh as of February 28, 2026, reflecting a compound annual growth rate (CAGR) of 16.76%. The fund, managed by Daylynn Pinto, has maintained a value-oriented, flexicap approach, investing across large, mid, and small-cap…
PNB MetLife India Insurance Company Limited (PNB MetLife) has launched the Pension Dividend Leaders Index Fund along with a unit-linked pension product. The fund replicates an index of companies with a record of regular dividend payments and is intended for long-term retirement savings. It will be offered through the PNB MetLife Smart Invest Pension Plan…
IT department notifies AY 2026 27 ITR forms, allows up to two house properties in ITR 1 and 4, adds new deduction details, removes Relief 89A, warns on AIS match and e verification By Anshul April 1, 2026, 4:03:40 PM IST (Published) 2 Min Read The Income Tax Department has notified the Income Tax Return…
Several bank users of the Unified Payments Interface (UPI) faced difficulties completing transactions on Wednesday, March 31. Many reported failed or delayed payments on social media platform X. Outage tracking platform Downdetector indicated a sharp rise in complaints during the day. Among the affected institutions, State Bank of India saw a notable surge, with over…
