Gold exchange-traded funds saw a sharp surge in demand, with...
Category:
Wealth Management/ Philanthropy
Latest
Bajaj Life Insurance to apply for Pension Fund Manager and GIFT City licences
Tarun Chugh, MD & CEO, Bajaj Life Insurance, said, “The Board’s...
Interest rates to remain at low level for long period of time: RBI Guv
"The policy rates will continue to be at low levels for a long...
FPIs withdraw nearly Rs 18K cr from equities in August on trade tension
With this, the total outflow by Foreign Portfolio Investors (FPIs) in equities has reached Rs 1.13 lakh crore so far in 2025, according to data from the depositories. New Delhi: Foreign investors have pulled out nearly Rs 18,000 crore from Indian equities so far this...
Smaller cities lead mutual fund growth, outpacing big metros in post-COVID era
The trend is also changing the geographical investment map of the country. States such as Uttar Pradesh, Rajasthan, and Madhya Pradesh -- traditionally seen as less prosperous -- have overtaken larger, more developed states in mutual fund asset rankings. New Delhi:...
Sebi scraps transaction charges for mutual fund distributors
Under the earlier framework, Sebi said distributors were eligible for such charges if they brought in a minimum subscription amount of Rs 10,000.This change is expected to simplify the distributor compensation process while maintaining transparency in the mutual fund...
81pc Indians use Facebook,Instagram and WhatsApp to discover financial products: Report
"The digital platforms play a key role throughout the decision-making journey for specific products, including loans (86 per cent), investments (84 per cent), insurance (78 per cent), and savings (82 per cent), the report stated." said Shweta Bajpai, Director...
RBI decides to keep interest rate unchanged at 5.5 pc
Sanjay Malhotra,Governor, Reserve Bank of India The Reserve Bank on Wednesday retained the GDP growth projection for the current fiscal year at 6.5 per cent while lowering the inflation forecast to 3.1 per cent from 3.7 per cent. Mumbai: After three successive...
LIC’s equity investment stands at Rs16.76 trillion till June 30, sees marginal decline in equity holding in Q1FY26
India’s largest institutional investor, Life Insurance Corporation of India (LIC), saw a marginal decline in its equity holdings. Across 284 companies where it holds over 1 per cent, LIC’s stake dropped to 3.68 per cent as of June 30, 2025, from 3.72 per cent at the...
Finance Act 2025 provides substantial relief under new tax regime: Minister
The Finance Act, 2025, has increased the income threshold for claiming a tax rebate under section 87A of the Income Tax Act, 1961 for resident individual taxable under the new tax regime under section 115 BAC of the Act from Rs 7 lakh to Rs 12 lakh, and the maximum...
Affluent Indians need Rs 3.5 crore for comfortable retirement, says HSBC report
"Investors (in India) are concerned about the cost of living and economic uncertainty. Compared to the global outlook, they are extremely confident in their ability to achieve financial goals," the report notes. New Delhi: Indians will need to save an estimated ₹3.5...
DIFC’s re/insurance gross premium rises 35% to $3.5bn in 2024
The insurance and reinsurance sector also experienced robust growth, with 135 related firms now operating in the ecosystem, increasing 8% from 125 in H1 2024. During the first half of 2025, it was announced that Gross written premiums reached USD 3.5bn for 2024,...
Transparency, investor protection boost confidence in MF as retirement vehicle: ICRA Analytics
“Equity mutual funds have captured significant inflows due to optimism about market recovery and growth, which is appealing for long-term retirement portfolios," said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics. Mumbai: The assets under...