Retail participation in specialised investment funds (SIFs) is coming from smaller cities, with around 40% of retail assets under management (AUM) in the segment now originating from beyond the top 30 urban centres, according to a presentation released by JioBlackRock Asset Management. The presentation, titled “SIF360 – Unlocking value in evolving markets”, highlighted how the…
Banks are integrating Employees’ Provident Fund Organisation (EPFO) payment services into their digital banking platforms, allowing employers and customers to make provident fund-related payments online through net banking channels. Federal Bank has become the latest lender to introduce the facility, enabling EPFO payments through its digital banking platform for net banking users. The service was…
Motilal Oswal Mutual Fund has announced the launch of the “Motilal Oswal Contra Fund”, an open-ended equity scheme that will follow a contrarian investment strategy. The new fund offer (NFO) will open for subscription on May 8 and close on May 22. The scheme aims to generate long-term capital appreciation by predominantly investing in equity…
MMTC-PAMP has resumed direct sales of digital gold and silver through its website and Android application after revamping its online platform, expanding access beyond partner payment apps such as Google Pay, Paytm and PhonePe. The precious metals refiner said consumers can now buy digital gold and silver directly through its own platforms, alongside existing availability…
Gold prices edged higher on Friday (Mya 8) and remained on track for a weekly gain as easing inflation concerns, a softer US dollar and hopes of a potential US-Iran diplomatic breakthrough supported bullion demand, while investors awaited key US jobs data for further cues on interest rates. COMEX gold was trading at $4,722.20 per…
It’s May, and tax payers in India are preparing to file their returns. That means they are also looking for all potential deductions and exemptions to reduce their tax liability. Under Section 80C, a tax payer’s investments qualify for deductions, but the option is available only under the old tax regime. The government increased the…
With the new Income Tax framework already in effect from April 1, many salaried taxpayers are trying to understand whether the updated rules will change their tax liability. It had also sparked speculation around possible changes in income tax slabs, but the government has clarified that the existing tax structure remains unchanged. Usually, changes in…
Maharashtra has allowed citizens to legally register their wills at any Sub-Registrar office by paying a nominal fee of ₹100, as per the official document. Unlike property documents, a will is not subject to a strict time limit, and it can be registered at any time after it is executed. There is no requirement to…
Indian equity markets have remained stuck in a long consolidation phase, leaving many retail investors frustrated after nearly 18 months of muted returns. But according to Nasser Salim, Managing Director at Flexi Capital, investors who diversified beyond traditional equity mutual funds have managed to protect returns and even generate alpha during this difficult phase. Salim…
A high CIBIL score has long been viewed as a key pass for loan approvals. But lenders are now looking beyond the number, relying on deeper financial signals that can override even strong credit scores. The shift reflects how credit underwriting in India is becoming more data-driven, layered, and focused on real-time financial behaviour rather…
