Several asset management companies, including ICICI Prudential AMC, Aditya Birla Sun Life AMC, Kotak Mahindra AMC, and Bandhan AMC, have recently introduced ultrashort-term debt index funds. These funds follow the CRISIL-IBX Financial Services 3–6Months Debt Index. As per reports, the latest auction revealed that the cut-off yield for a 90-day treasury bill (T-bill) stood at … Read more
The National Payments Corporation of India (NPCI) has introduced BHIM 3.0, the latest major upgrade to the Bharat Interface for Money (BHIM) app. This update brings several new features for both users and merchants, making digital payments more convenient and efficient. New Features in BHIM 3.0 More Language Support: The app now supports over 15 … Read more
Tata Mutual Fund has introduced the Tata BSE Quality Index Fund, a factor-based index fund. This fund allows investors to invest in high-quality companies with strong financials and excellent performance. Key Features of the Fund The New Fund Offer (NFO) is currently open for subscription and will close on March 28. This fund aims to … Read more
Kotak Mutual Fund has launched the Choti SIP service, allowing investors to start a Systematic Investment Plan (SIP) with just ₹250. This initiative follows the Small Ticket SIP scheme introduced by the Securities and Exchange Board of India (SEBI) and the Association of Mutual Funds in India (AMFI). Benefits of Choti SIP Nilesh Shah, Managing … Read more
Angel One Asset Management Company has introduced the Angel One Nifty 1D Rate Liquid ETF – Growth, an open-ended exchange-traded fund (ETF) designed to track the Nifty 1D Rate Index. Investors can participate in this new fund offer (NFO) until March 24. This ETF is an ideal option for those looking to invest their extra … Read more
Quant Mutual Fund has launched the new Quant Arbitrage Fund, an open-ended scheme focused on investing exclusively in arbitrage opportunities. The New Fund Offer (NFO) will remain open until April 1, after which the fund will be available for regular purchases and redemptions. Investment Strategy and Management The primary goal of this scheme is to … Read more
A new case of credit card fraud has come to light, highlighting the rising number of cyber scams. The Cyber Unit of UT Police has filed a complaint against an unknown fraudster for scamming Rajesh Kumar, a resident of Sector 31, out of ₹8.69 lakh. The fraud took place on December 23, 2024. Scam Through … Read more
The government is continuously taking steps to enhance the Unified Payments Interface (UPI) system. According to a report by ET, merchant charges may soon return for UPI and RuPay debit card payments. Currently, businesses do not pay any fees when customers use UPI or RuPay debit cards. However, before 2022, merchants were required to pay … Read more
Edelweiss Mutual Fund has introduced the Edelweiss Low Duration Fund on March 11. This is an open-ended debt scheme that invests in debt and money market instruments, ensuring the Macaulay duration of the portfolio remains between 6 to 12 months. The scheme carries relatively high interest rate risk and moderate credit risk. Investment Details The … Read more
Bandhan Mutual Fund has launched the Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, an open-ended constant maturity index fund. This scheme provides investors with a structured short-term fixed-income investment opportunity. NFO Subscription Details The New Fund Offer (NFO) for this scheme will be open for subscription from March 6 to March 11. Investment … Read more
The use of UPI (Unified Payments Interface) transactions has become very common. Payments can be completed within seconds using this system. If you use UPI services, there is an important update for you. Starting April 1, 2025, new rules set by the National Payments Corporation of India (NPCI) will take effect. Banks Will Remove Unused … Read more