Zerodha Fund House has launched an open-ended equity index scheme tracking the Nifty MidSmallcap400 50:50 Index TRI, expanding its passive investment offerings in the broader market segment. The fund seeks to replicate the performance of the underlying index, which comprises 400 stocks—150 mid-cap and 250 small-cap companies—selected based on free-float market capitalisation, excluding the top…
The Association of Gold Loan Companies (AGLOC) has sought a deferment of the Reserve Bank of India’s (RBI) revised lending norms for loans backed by gold and silver collateral, citing concerns over credit access in a volatile global environment. The industry body has requested that the new framework, scheduled to be implemented by April 1,…
Jio BlackRock Asset Management has launched the new fund offer (NFO) of its large-cap equity scheme, aimed at long-term investors seeking exposure to established companies. The open-ended scheme will predominantly invest in large-cap stocks and is positioned as a core portfolio allocation. It will focus on companies with relatively stable business models, governance standards, and…
A monthly SIP in Canara Robeco Savings Fund has grown into over ₹56 lakh over 21 years, according to data shared by Canara Robeco Mutual Fund, as the scheme completed its 21-year track record. The fund house said a ₹10,000 monthly SIP in the scheme’s Regular Plan – Growth Option since inception (March 4, 2005)…
NPCI BHIM Services Limited (NBSL), a wholly owned arm of National Payments Corporation of India, has launched biometric authentication for UPI transactions on the BHIM Payments App, allowing users to approve payments of up to ₹5,000 using fingerprint or facial recognition. The feature, available on both iOS and Android devices that support biometric capabilities, enables…
The Ministry of Railways has revised the rates of kilometrage allowance and allowance in lieu of kilometrage (ALK) for running staff, with retrospective effect from January 1, 2024, according to an official circular issued by the Railway Board. The revision follows an increase in Dearness Allowance (DA) to 50%, which typically triggers adjustments in certain…
Nippon Life India Asset Management said its flagship fund, Nippon India ETF Gold BeES, ranked sixth globally among gold exchange-traded funds (ETFs) by inflows, according to the latest comparative data released by the World Gold Council. The fund recorded inflows of $1.08 billion, translating into gold demand of 6.6 tonnes. It was the only Indian…
Gold and silver prices in India continued their downward trajectory on Tuesday (March 24), tracking weak global cues and sustained macroeconomic uncertainty, even as intermittent geopolitical developments triggered bouts of volatility. On the Multi Commodity Exchange (MCX), gold futures for April delivery declined by ₹2,260, or 1.62%, to ₹1.37 lakh per 10 grams, marking the…
Digital non-banking financial companies (NBFCs) sanctioned 9.9 crore personal loans valued at ₹1.53 lakh crore in the first three quarters of FY25-26, representing 78% of total personal loan volumes and 19% of total sanction value in the period, according to the latest report from the Fintech Association for Consumer Empowerment (FACE). The report, Digital Personal…
An emergency fund is a crucial component of personal financial planning, offering a buffer against unforeseen expenses such as medical emergencies, job loss, or sudden major repairs. Experts say it acts as a “financial shield” that helps protect long-term investments from short-term disruptions. “While people actively plan for goals like buying a home, investing in…
