The latest stress test of small and mid-cap mutual funds reveals that some of these schemes are still hovering at high valuations. No wonder then the small fund schemes will take a long time to liquidate their portfolio if too many redemption requests are placed together. Let us suppose, all the investors in a small cap…
If you hold an SBI Credit Card, particularly one of its premium variants, there’s an important update for you. With effect from July 15, SBI Card has discontinued free air accident insurance coverage up to ₹1 crore for select credit cardholders Elite, Miles Elite and Miles Prime. Apart from this, several key changes in payment…
If you are a taxpayer and are contemplating filing your income tax return (ITR) for FY2024-25, then it is vital to note that your tax return includes any or all of the five sources of income. Broadly, these five income streams include salary, rental income from property, gains on the sale of assets such as…
If you are a homeowner in the country, it’s important to be aware of the key tax benefits available when filing your Income Tax Return (ITR) for FY 2024–25. To make the most of your tax filing and maximise your savings, you must understand the fundamentals of tax law and apply them while calculating your…
In partnership with fintech partners M2P and MinkasuPay, Federal Bank has launched biometric authentication solution for e-commerce card transactions. With this, users can authenticate online purchases using just a touch or a look — their Fingerprint or FaceID. This solution not only enhances security but also significantly improves transaction speed and user experience. The solution…
A credit score of 610 is categorised as ‘fair’ and sits at the lower end of most lenders’ eligibility spectrum. While such a score is not a complete barrier to obtaining new personal loans or credit cards, it often limits access to low-interest loan offers and narrows the pool of lending institutions willing to extend…
In June 2025, the Reserve Bank of India (RBI) reduced the repo rate by 50 basis points, marking the beginning of a measured rate cut cycle. This move followed a sharp decline in retail inflation, which dropped to a six-year low of 2.10 per cent. Additionally, bond yields have remained steady, signalling the possibility of…
Kotak Mahindra Bank has launched Solitaire, an exclusive invitation-only programme, offering top tier privileges, access to advanced investment tools, and personalised services tailored for affluent customers. According to the bank, the eligibility for this programme is salaried individuals maintaining a relationship value of ₹75 lakh with the bank, and ₹1 crore for self-employed individuals. “it’s…
The questions I was asked reflected widespread beliefs among people and media about AI’s role in finance: that AI is already managing substantial portions of mutual fund portfolios, that AI tools are actively analyzing stock holdings for retail investors, and that we’re on the cusp of delegating investment decisions entirely to machines. The underlying assumption…
A home loan is typically the cheapest borrowing option in terms of interest rate. If you already have a home loan, you can apply for a top-up loan for any purpose, often at rates only slightly higher than your existing home loan. But beware: While some banks charge just 0.25-0.5% extra, others may quote a…
