ICICI Life Insurance has launched the BSE 500 Momentum Quality 50 Index Fund, an equity fund option available under most of its unit-linked insurance plans (ULIPs). The fund will invest in 50 companies selected from the BSE 500 universe based on two factors: quality and momentum. The quality parameter considers financial metrics such as return…
Neo Alternative Asset Managers (NAAM), the alternative asset management arm of Neo Wealth and Asset Management, has raised ₹6,200 crore through its second special credit opportunities strategy, exceeding its initial fundraising target of ₹5,000 crore. The fund, Neo Special Credit Opportunities Fund-II (NSCOF-II), will provide structured financing to mid-market Indian companies for requirements such as…
The Pension Fund Regulatory and Development Authority (PFRDA) has amended its framework for the classification and presentation of schemes under the National Pension System (NPS), clarifying scheme naming requirements and how pension fund options must be displayed on different platforms. Under the revised rules, Point of Presence (PoP) platforms must display schemes offered by all…
The Eighth Central Pay Commission (8th CPC), constituted on November 3, 2025, has completed one year, with the exercise moving from setting up its framework to gathering inputs from central government employees, pensioners and other stakeholders. Over the past year, the Commission has invited responses through an online questionnaire, opened a structured memorandum process and…
Diwali spending often includes purchases such as smartphones, appliances, clothes and holidays. With instant personal loans, pre-approved credit limits and buy now, pay later (BNPL) options making credit easily accessible, consumers can spread these expenses across monthly instalments. However, multiple purchases on EMI can add to existing financial commitments and put pressure on household budgets….
Zerodha has increased its instant fund withdrawal limit from ₹2 lakh to ₹5 lakh, allowing customers to transfer a higher amount from their trading accounts to their bank accounts through its instant withdrawal facility. The revised limit is available between 9 am and 6 pm, including weekends and market holidays, Zerodha co-founder and CEO Nithin…
Gold and silver prices recovered in international markets on Wednesday, November 4, after declining sharply in the previous session. Softer crude oil prices, expectations around US monetary policy and developments in the ongoing geopolitical conflicts remain key factors influencing bullion prices. On the COMEX, gold futures were trading at $3,963.20 per ounce, up $22.80 or…
Diwali is a time for celebrations, shopping and spending time with loved ones. For many salaried employees, the festive season also brings an additional financial benefit in the form of an annual bonus. While the extra money can make celebrations more enjoyable, planning how to use it can help make the payout more valuable in…
PPF vs SIP: The Public Provident Fund (PPF) and Systematic Investment Plan (SIP) are popular investment options for long-term financial goals. While PPF offers a government-backed interest rate, SIP returns depend on the performance of the mutual fund in which you invest. If you invest ₹1,50,000 annually for 15 years, which option could help you…
Punjab National Bank (PNB) and Canara Bank have revised their fixed deposit interest rates in November 2026. The changes affect select deposit tenures and the returns available to investors. PNB’s revised rates took effect on November 1, while Canara Bank implemented its changes from November 2. Canara Bank increased rates on select tenures by up…
