Motilal Oswal Mutual Fund (MOMF) has announced the launch of the Motilal Oswal BSE Clean Environment Index Fund, an open-ended scheme that will replicate and track the BSE Clean Environment Index. The new fund offer (NFO) will open on June 5 and close on June 19. The fund seeks to provide returns, before expenses, that…
360 ONE Mutual Fund has launched the DynaSIF Equity Ex-Top 100 Long-Short Fund under its Specialised Investment Fund (SIF) platform, DynaSIF. The new fund offer (NFO) will open on June 5 and close on June 19. The open-ended investment strategy will invest primarily in mid- and small-cap companies outside the top 100 stocks by market…
Public Provident Fund (PPF) investors may be leaving money on the table by overlooking a little-known timing rule that affects how interest is calculated on their deposits. Under PPF regulations, interest is calculated on the lowest balance in the account between the close of the fifth day and the last day of each month. This…
Punjab National Bank (PNB) has discontinued complimentary lounge access benefits on its Mastercard Platinum Debit Cards with effect from June 1, according to a customer communication issued by the bank. “All complimentary lounge access facilities on PNB MasterCard Platinum Debit Cards will be discontinued from 01-06-2026,” the bank said in a notice to customers. The…
The Securities and Exchange Board of India (SEBI) has released a revised master circular for Alternative Investment Funds (AIFs), bringing together a series of regulatory changes introduced over the past two years into a single consolidated framework for the industry. The updated circular, issued on June 3, incorporates all directions issued under the SEBI (Alternative…
Emkay Wealth Management has maintained a positive medium- to long-term outlook on gold and silver, saying the precious metals remain supported by central bank buying, expectations of lower US interest rates and sustained investor demand despite recent bouts of volatility. The wealth manager said gold, which briefly crossed the $5,000-an-ounce mark earlier this year, is…
Punjab National Bank (PNB) has reiterated that all network activity for Russia remains suspended for Mastercard. In a customer communication, the bank stated that all Mastercard-related financial transactions and services continue to be restricted for sanctioned customers, in line with global sanctions requirements. The bank also said blocks remain in place across Mastercard systems, including…
Gold and silver prices edged higher on Thursday (June 4), with COMEX gold and silver both posting modest gains amid a softer dollar, easing crude oil, and shifting geopolitical expectations around the West Asia conflict. COMEX gold was last at $4,493.50 per ounce, up $26.60 or 0.60%, while COMEX silver stood at $73.865 per ounce,…
Kotak Alternate Asset Managers, the alternative investment arm of Kotak Mahindra Group, has announced the final close of its 14th real estate fund at approximately $1 billion, backed by institutional commitments from global investors including sovereign wealth and pension funds. The fund was anchored by a commitment of over $675 million from a wholly owned…
Abu Dhabi has announced a temporary freeze on rent increases across residential, commercial and industrial properties, in a move aimed at easing housing cost pressures in the emirate. The decision, issued by the Abu Dhabi Real Estate Centre (ADREC) on June 2, takes effect immediately and will remain in place until further notice. Under the…
