A systematic investment plan (SIP) of ₹6 lakh in Kotak Multi Cap Fund – Regular Plan over five years would have grown to ₹8.44 lakh, generating annualised returns of 13.66%, according to Value Research data. The fund, launched on September 29, 2021, has completed five years, with assets under management (AUM) of ₹30,335 crore as…
Bitcoin recovered above $82,000 on Friday, October 16, after briefly slipping below $80,000, as softer dollar movement and lower US Treasury yields helped stabilise sentiment across cryptocurrency markets. However, persistent inflation concerns and institutional fund outflows continue to cloud the outlook. Bitcoin rose around 0.6% to $82,078, while Ethereum gained 0.7% to $2,429, according to…
AT-1 bonds are not ordinary bank bonds. They pay interest like bonds, but they are designed to absorb losses when a bank gets into serious financial trouble. That is why they can offer higher returns than safer investments, but also carry the risk of investors losing their entire investment. The Yes Bank case has brought…
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said the state government was considering releasing an instalment of Dearness Allowance (DA) on Diwali, according to a PTI report dated October 14. Sukhu made the statement at a public meeting in Kaza during his two-day visit to Spiti Valley. While emphasising that his government was paying special…
Banks and non-banking financial companies (NBFCs) have announced festive-season offers on shopping, digital gold and loans, while a consumer survey indicates that plans to shop do not always translate into purchases. The offers range from discounts and cashback to gold rewards and benefits on select loans, with eligibility varying by scheme. AU Small Finance Bank’s…
The Centre has approved a non-productivity-linked (ad-hoc) bonus equivalent to 30 days’ emoluments for eligible Central Government employees for the accounting year 2025-26, according to an office memorandum issued by the Department of Expenditure on October 15. The bonus will be available to employees in Group C and non-gazetted Group B who are not covered…
Aditya Birla Sun Life AMC International (IFSC) has launched two retail fund of funds schemes at Gujarat International Finance Tec-City (GIFT City), offering exposure to emerging market equities and Indian equities through investments in other funds. The two schemes are the ABSL Emerging Market Equity Fund (Outbound) and the ABSL India Growth Fund (Inbound), announced…
Gold and silver prices edged higher in overseas trade on Friday, October 16, recovering some ground after a sharp selloff earlier in the week. However, expectations of tighter US monetary policy, inflation concerns and developments in West Asia are likely to influence the precious metals’ near-term direction. On COMEX, gold futures were trading at $4,177.50…
Several mutual fund houses have temporarily restricted fresh investments in gold ETF fund of funds (FoFs), with the curbs taking effect on October 16, ahead of the festive season. ICICI Prudential Mutual Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Invesco India Mutual Fund, DSP Mutual Fund and Tata Mutual Fund are among…
Lenders using India’s Account Aggregator (AA) framework are growing faster, reaching more first-time borrowers and showing comparable or better risk outcomes, according to a new study by CRIF Credit Information Services (CRIF CIC) and Sahamati. The report, “Consent to Credit – The Digital Way: The Account Aggregator (AA) Impact Report”, combines lender-level, loan-level and pincode-level…
