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Mumbai, July 9 (SocialNews.XYZ) Gold exchange-traded funds (ETFs) recorded an inflow of Rs 2,080.85 crore in June 2025, the highest inflows in five months amid bullion prices in the domestic market traded near life highs, Association of Mutual Funds in India (AMFI) data showed on Wednesday. The ETFs witnessed a six-fold, month-on-month surge in inflow in the month as compared to Rs 292 crore in May, AFFI data showed. "Gold ETFs witnessed a sharp uptick in investor interest in June 2025, record ...Read More >
New Delhi [India], July 9: If you're a young professional in your 20s or early 30s, life is full of exciting firsts, your first salary, first investment, maybe even your first big purchase. Financial independence gives you the power to live on your terms. But it also brings new responsibilities, and that's where life insurance steps in. Also Read | Bihar Tragedy: Father-Son Duo Among 3 Asphyxiate to Death While Cleaning Septic Tank of Their House in Samastipur. Many people believe insurance is ...Read More >
New Delhi: Mutual fund systemic investment plan (SIP) inflows reached a record high of Rs 27,269 crore in the month of June, rising 2 per cent from Rs 26,688 crore in May, the Association of Mutual Funds in India (AMFI) data showed on Wednesday. This marks the first time SIP inflows have surpassed the Rs 27,000 crore mark. The overall net assets under management (AUM) of the mutual fund industry rose to an all-time high of Rs 74.41 lakh crore as against Rs 72.20 lakh crore in May and Rs 69.99 ...Read More >
New Delhi [India], July 9 (ANI): The Competition Commission of India (CCI) approved the acquisition of wealth and lending units of UBS AG by 360 ONE Group entities. According to the Competition Commission of India, the transaction involves the transfer of key financial services operations, including portfolio management, stock broking, distribution, and lending from UBS AG to the 360 ONE entities. The proposal approved by the Competition Commission suggests that 360 ONE Portfolio Managers Limi ...Read More >
MUMBAI (Reuters) -Jio BlackRock Asset Management plans to introduce nearly a dozen equity and debt funds in India by the year-end, focusing on small-ticket investments and bypassing distributors to reduce costs, three people familiar with the firm's strategy said. The joint venture between Jio Financial Services, backed by billionaire Mukesh Ambani, and BlackRock, enters India's 72.2 trillion rupee ($844 billion) funds market with a business structure that threatens to shake up the sector, as i ...Read More >
NEW DELHI: JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, on Monday announced closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore. The fund was mobilised from three cash/debt mutual fund schemes - JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO attracted investments from over 90 institutional investors. ...Read More >
New Delhi: India's service sector is demonstrating a significant role in the country's journey towards becoming a $5 trillion economy, a report said on Monday. For decades, the sector has not only been contributing massively to India's gross domestic product (GDP), but has also become the key driving force to the nation's economy, rising from 40 per cent contribution in GDP in the 1990s to accounting for 55 per cent gross value added (GVA) in FY25, according to the Axis Mutual Fund's 'Service Se ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
Mumbai: Sebi on Monday proposed to allow asset management companies (AMCs) to offer services to pooled non-broad based funds such as family offices. At present, Sebi rules bar AMCs from providing management and advisory services to non- broad based funds, unless they mandatorily obtain a portfolio management services(PMS) licence to do the same. AMCs are currently permitted to provide management and advisory services to pooled assets which are broad based in nature. These restrictions were imp ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent mu ...Read More >
Mumbai: Domestic institutions, including mutual funds and Life Insurance Corporation of India (LIC), hold the key to allowing Subhash Chandra-led promoter entities to increase their stake in Zee Entertainment Enterprises Ltd. That's when Norges Bank, the company's largest overseas investor, has given its assent. LIC (4.49%), HDFC Mutual Fund (3.66%) and ICICI Prudential Mutual Fund (3.04%) together own over a tenth of the outstanding shares of Zee as of 31 March, making their decision crucial. ...Read More >
New Delhi, Jul 7 (PTI) Markets regulator Sebi on Monday proposed allowing asset management companies (AMCs) or their subsidiaries to offer additional services related to fund management, such as acting as Points of Presence (POP) for pension schemes and serving as global distributors for the funds they manage or advise. Presently, AMCs and their subsidiaries are only allowed to provide services which are in the nature of management and advisory of pooled funds. On Points of Presence (POP) for ...Read More >
New Delhi, Jul 7 (PTI) JioBlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, on Monday announced closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore (~USD 2.1 billion). The fund was mobilised from three cash/debt mutual fund schemes -- JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO, which was launched on June 30, 2025, attracte ...Read More >
New Delhi, July 7 (SocialNews.XYZ) While global forex reserves total around $12.5 trillion, the gold market is currently valued at $23 trillion, 15 per cent of which is held in India, according to a report released on Monday. Of the total mined gold ever, 65 per cent is in the form of jewellery, and a mere 5 per cent shift of global reserves into gold could trigger a sustained and significant rally in its price, according to the DSP Mutual Fund's July 2025 Netra report. Central bank gold reser ...Read More >
Hyderabad : Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management) - a 50:50 JV between Jio Financial Services Limited (JFSL) and BlackRock - announces the successful closure of its maiden New Fund Offer (NFO), recording a total investment of Rs. 17,800 crore (~USD 2.1 billion), across three cash/debt mutual fund schemes - JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO, which was launched on June 30, 2025, attr ...Read More >
Pune (Maharashtra) [India], July 7: The Bajaj Finserv Small Cap Fund is an open ended equity scheme predominantly investing in small cap stocks. It is an equity fund that invests in companies in their early stage of business growth. These companies rank 251st and beyond on the share market in terms of market capitalisation as per SEBI guidelines and they often operate in niche market sectors. As the Bajaj Finserv Small Cap Fund NFO nears its end, this can be a potentially suitable opportunity fo ...Read More >
NewsVoir Pune (Maharashtra) [India], July 7: The Bajaj Finserv Small Cap Fund is an open ended equity scheme predominantly investing in small cap stocks. It is an equity fund that invests in companies in their early stage of business growth. These companies rank 251st and beyond on the share market in terms of market capitalisation as per SEBI guidelines and they often operate in niche market sectors. As the Bajaj Finserv Small Cap Fund NFO nears its end, this can be a potentially suitable oppo ...Read More >
Mumbai - Over the past week, hundreds of users took to social media to share videos of themselves cutting, snapping, and even burning their old credit cards. What began as a product launch quickly turned into a movement, as audiences resonated with the idea of letting go of outdated credit products. At the center of it all was #RoastYourCard, a campaign by neobank Jupiter to introduce the EDGE+ CSB Bank RuPay Credit Card, available exclusively on the Jupiter app. Designed for digital-first India ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a m ...Read More >
Palghar, Maharashtra: The Enforcement Directorate (ED) on Tuesday conducted raids on the residences of architects, builders, and chartered accountants in the Vasai-Virar construction scam, unearthing crores of rupees and seizing highly crucial and confidential documents. During the operation, bank funds totaling ₹12 crore and fixed deposits were frozen, and ₹26 lakh in cash was confiscated. The ED has found evidence of a deep-rooted nexus between municipal officers, construction developers, and ...Read More >
Pune (Maharashtra) [India], July 4 (ANI): Amidst the ongoing Marathi-non-Marathi row, a group of Maharashtra Navnirman Sena (MNS) workers allegedly stormed a man's residence in the Vanaz area of the city on Thursday and threatened to assault him over an objectionable social media post targeting MNS chief Raj Thackeray. The man, identified as Kedar Soman, had reportedly posted a comment on Facebook that MNS workers found offensive and disrespectful to their leader. Enraged by the post, a group o ...Read More >
Mumbai: The JSW Group has firmed up a ₹9,300-crore financing package to fund the buyout of Akzo Nobel's local operations, stitching together a mix of debt, convertibles, and loan against shares at the promoter level, multiple people familiar with the tri-level fundraising initiatives told ET. The deal involves three separate tranches - an operating company-level debt of around ₹3,300 crore, a ₹3,000-crore convertible instrument at holdco, and about ₹3,000 crore loan against shares at the promot ...Read More >
Mumbai: The Enforcement Directorate (ED) probing the money laundering aspect in the illegal construction of 41 residential and commercial buildings on govt and private land under the jurisdiction of the Vasai-Virar City Municipal Corporation (VVCMC) has found some electronic evidence in the form of text messages indicating the role of a senior civic official who along with lower rung officials allegedly charged Rs 50 per sq ft for approving building contracts.The ED released a press note on Thur ...Read More >
New Delhi, Jul 3 (PTI) A "large cartel" of architects, chartered accountants, and officials of the Vasai Virar City Municipal Corporation in Maharashtra colluded for large-scale illegal construction on land meant for sewage treatment plants, and dumping ground was sold fraudulently to the public, the Enforcement Directorate has said. The federal probe agency said in a statement that fresh searches were conducted at 16 locations on July 1 in connection with the money laundering probe into the co ...Read More >
Mumbai, July 3 (SocialNews.XYZ) The Enforcement Directorate (ED) has intensified its probe into the Vasai-Virar Municipal Corporation (VVMC) land scam, conducting fresh search operations at 16 locations across Mumbai on July 1 under the Prevention of Money Laundering Act (PMLA), 2002. The searches, linked to the case involving Jayesh Mehta and others, resulted in the freezing of assets worth approximately Rs 12.71 crore in bank accounts, fixed deposits, and mutual funds, along with the seizure ...Read More >
New Delhi, Jul 3 (PTI) A "large cartel" of architects, chartered accountants, and officials of the Vasai Virar City Municipal Corporation in Maharashtra colluded for large-scale illegal construction on land meant for sewage treatment plants, and dumping ground was sold fraudulently to the public, the Enforcement Directorate has said. The federal probe agency said in a statement that fresh searches were conducted at 16 locations on July 1 in connection with the money laundering probe into the co ...Read More >
New Delhi [India], July 3 (ANI): The Enforcement Directorate (ED) has frozen Rs 12.71 crore in bank balances, fixed deposits, mutual funds and seized cash amounting to Rs 26 lakh apart from large number of incriminating documents and devices during searches conducted at 16 different locations across Mumbai in Vasai Virar Municipal Corporation (VVMC) scam, the agency said on Thursday. ED's Mumbai zonal office took the action during the raids carried out under the provisions of the Prevention of ...Read More >
Pune (Maharashtra) [India], July 3: Small Cap Funds are known for their potential to generate higher returns in the long run, but they are often sensitive to market volatility. These market movements are often a result of different factors like limited liquidity, changes in market sentiment or others. In this scenario, selecting the suitable small cap company becomes essential to help mitigate the market swings. However, even a quality portfolio can not be immune to short-term market movements. ...Read More >
Mumbai, July 2 (SocialNews.XYZ) The soundness and resilience of India's scheduled commercial banks are bolstered by robust capital buffers, multi-decadal low non-performing loans and strong earnings, according to the RBI's latest Financial Stability report. The country's scheduled commercial banks continued to record improvement in their asset quality, with the GNPA ratio and NNPA ratio declining to multi-decadal lows of 2.3 per cent and 0.5 per cent, respectively, the report states. While ove ...Read More >
New Delhi: The mutual fund exposure in the non-banking financial companies (NBFCs) grow 32.5 per cent to reach Rs 2.77 lakh crore in May, according to a new report. This year-on-year growth was driven by commercial papers (CPs) and corporate debt, which remained over Rs 2 lakh crore for 14 consecutive months, according to a CareEdge Ratings report. The previous records were Rs 2.69 lakh crore in April this year and Rs 2.64 lakh crore in July 2018. However, the share of NBFC credit in total ba ...Read More >
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