The Pension Fund Regulatory and Development Authority (PFRDA) has expanded the pool of entities eligible to act as pension agents, allowing Points of Presence (PoPs) to engage a wider set of intermediaries to distribute pension schemes, including the National Pension System (NPS). In a circular, the regulator permitted PoPs to onboard additional categories of individuals…
ICICI Prudential Asset Management Company will reclassify its ICICI Prudential Thematic Advantage Fund (FOF) as an aggressive hybrid fund of funds, effective April 1, in line with regulatory requirements for multi-manager FoF structures. The scheme will be renamed ICICI Prudential Aggressive Hybrid Active FOF and moved from the ‘Others – FOFs’ category to ‘Hybrid FOF…
Higher education costs in India have increased in recent years, influencing how students and families approach funding decisions. Changes are visible in fee levels, borrowing patterns, and course selection, with a growing focus on affordability and outcomes. How costs have changed Tuition fees, particularly at private and deemed universities, have risen by around 5–10%…
Bandhan Mutual Fund’s Bandhan Infrastructure Fund has turned a ₹10,000 investment into over ₹62,000 since inception, as the scheme marks 15 years of operations alongside its assets under management (AUM) crossing ₹1,400 crore, according to a note from the fund house. Data shared by the asset manager shows that the fund has delivered a compounded…
Credgenics has launched CredInsure, an artificial intelligence-based platform aimed at supporting insurance companies in managing policyholder engagement and related operations. The move comes as insurers deal with growing customer bases and product offerings, which have increased the complexity of handling renewals, servicing, and premium collections. Market participants indicate that fragmented systems and manual processes continue…
As the March 31 financial year-end approaches, crypto investors should take a structured approach to tax compliance, with clear rules now in place for reporting Virtual Digital Asset (VDA) transactions. Under India’s current framework, income from cryptocurrencies—including trading gains, staking rewards, mining income, and airdrops—is taxed at a flat 30%, along with a 1% tax…
Gold and silver prices declined on Monday, March 30, tracking weakness in global commodity markets as rising bond yields, a stronger US dollar, and heightened geopolitical uncertainty weighed on investor sentiment. COMEX gold fell 0.96% to $4,449.40 per ounce. COMEX silver dropped 1.24% to $68.93 per ounce, with prices moving between $69.54 and $67.70 an…
With the financial year drawing to a close, March 31 marks a critical cut-off for both individual taxpayers and businesses to complete a range of tax-related actions. From locking in deductions to ensuring compliance, missing these timelines could lead to higher tax outgo, penalties, or delayed refunds. Final push for tax-saving investments For those opting…
India’s Unified Payments Interface (UPI) marks a decade of operations, during which it has expanded from a digital payments system into a core layer supporting transactions, financial access, and product innovation. Scale and adoption milestones UPI’s growth over the past decade is reflected in both transaction volumes and user adoption. Akash Sinha, Co-founder and CEO…
As India prepares to step into the new financial year, a series of reforms across taxation, banking, loans, digital payments, and labour laws will take effect from April 1. These changes are designed to modernise the tax framework, improve transparency, simplify compliance, and enhance convenience for borrowers, investors, and employees. Here’s a detailed look at…
