The Pension Fund Regulatory and Development Authority (PFRDA) has launched “NPS Sanchay”, a simplified version of the National Pension System (NPS), to expand retirement planning access among workers in India’s informal sector. Introduced under the All Citizen Model and the Multiple Scheme Framework (MSF), the scheme aims to make pension investing easier for first-time and…
Gold prices eased on Monday (May 11) while silver extended gains, as investors weighed rising geopolitical tensions in the West Asia, a stronger US dollar and expectations around global macroeconomic data. Internationally, COMEX gold traded at $4,703.80 per ounce, down 0.57%. In contrast, COMEX silver rose 0.48% to $81.255 per ounce. Analysts said uncertainty around…
Ahead of Mother’s Day on May 10, data released by insurance platforms points to a shift in how women in India are approaching financial protection, with higher participation in life, health and maternity insurance products. Figures shared by Bandhan Life showed that the share of women policyholders in Eastern India rose to 35% in FY26…
ICICI Prudential Life Insurance has launched the ICICI Prudential Life BSE Enhanced Value 30 Index Fund under its Unit Linked Insurance Plans (ULIPs), aimed at investors seeking exposure to value-oriented large- and mid-cap stocks. The fund will track the ICICI PRU BSE Enhanced Value Index, which consists of 30 companies selected from the BSE LargeMidCap…
As digital payments evolve beyond basic QR code transactions, integrated point-of-sale (POS) systems could improve transaction speed, authentication, and payment visibility across multiple modes, according to fintech industry expert. Anshuman Dadheech, co-founder and chief executive officer of FiatPe, an Indian fintech company and Technical Service Provider (TSP), said QR-based payments are expected to remain significant…
A monthly SIP of ₹10,000 in Tata Large Cap Fund since its inception in May 1998 would have grown to nearly ₹4.73 crore by March 31, according to data released by the fund house as it completed 28 years of operations. The fund house said an investor would have invested a total of about ₹33.4…
Taxpayers deciding between the old and new income tax regimes must weigh lower tax rates against the benefit of deductions, as the choice continues to depend on individual income profiles and tax-saving investments. Key differences at a glance Particulars Old tax regime New tax regime Applicability Optional Default Basic exemption limit ₹2.5 lakh ₹4 lakh…
ICICI Prudential Alternate Investments has completed the full lifecycle closure of its ICICI Prudential Corporate Credit Opportunities Fund AIF-I, marking the end of the fund’s investment cycle in India’s private credit space. The fund has achieved full repayment across all its investments as of April 29, 2026. It generated cumulative distributions of ₹1,953.4 crore against…
Jio BlackRock Mutual Fund is growing fast. Its first new fund offer (NFO) came in July 2025, and since then it has climbed up half of the mutual fund league table. Among the 52 fund houses in the country, Jio BlackRock — a 50:50 joint venture between Jio Financial Services and BlackRock — has already…
At least one in three employees working in India’s Banking, Financial Services and Insurance (BFSI) sector are planning to quit their jobs because of work pressure and changes in the industry, according to a new report by Great Place To Work India. The report, titled “People Reality in BFSI – Three Workforce Imperatives,” said the…
