For example, an employee earning wages of ₹20,000 per month who previously attracted mandatory contributions only on ₹15,000 (i.e., ₹1,800 per month) will now attract contributions on the higher wage amount (i.e., 12% of ₹20,000 = ₹2,400).
Mid-cap funds have delivered mixed returns for SIP investors over the past three years. Only four funds in the list provided by Value Research delivered more than 17% annualised returns, while several large funds by assets delivered lower returns. HSBC Midcap Fund topped the list with a 20.70% three-year SIP return. Invesco India Mid Cap…
For someone looking to retire early, deciding how much to invest towards financial independence and early retirement (FIRE) versus short-term financial goals can be a balancing act. While investing more today can help build a retirement corpus faster, goals such as buying a car, making a house down payment or funding other planned expenses also…
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced the ‘UPS Jeewan Setu – Digital Life Certificate (DLC)’ facility for pensioners covered under the Unified Pension Scheme (UPS). According to the PFRDA circular released on Friday, 30 October 2026, “the UPS Jeevan Setu – Digital Life Certificate (DLC), a mobile application-based facility, has been…
IIFL Finance is planning to raise ₹2,500-5,000 crore by selling a 10-20% stake to a minority investor, while promoters may subscribe to warrants to limit dilution, Nirmal Jain, founder of IIFL Group, said. Fairfax Financial Holdings is likely to reduce or exit its investment in IIFL Finance after its proposed acquisition of a 60% stake…
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Mumbai: Public sector lenders, even those beyond the top rungs of the business and market-capitalisation leaderboards, found favour with foreign institutional investors (FIIs) over the past year, showed an ET analysis, while they reduced exposure to top-tier private banks. Analysts believe the trend mirrors the diminishing premiums for private lenders as state-run rivals quickly close…