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Mumbai: The introduction of specialised investment funds (SIFs) is changing the way wealth managers structure portfolios, with hybrid SIF strategies increasingly finding a place in allocations that were earlier dominated by debt mutual fund and other fixed income products. Wealth managers are asking investors with sizeable mutual fund portfolios to allocate some money to SIFs,…
Mumbai: State-owned banks are increasingly turning to borrowings to finance lending expansion as deposits fail to keep pace with credit growth, potentially eroding their traditional funding and liquidity advantage over private lenders. Borrowings by public-sector banks surged nearly 29% year-on-year in the June quarter, compared with growth of about 3% at private banks. The divergence…
Mumbai: Several Indian lenders are likely to focus on the overseas foreign currency borrowing (OFCB) window to raise more funds abroad, as the advanced August 31 deadline for individual deposits targeted at the diaspora has left them with insufficient time to close fundraising deals. The December 31 OFCB deadline, to be sure, remains unaltered. Bankers…
Mumbai: Retail investors are turning increasingly selective in the primary market this year. Data compiled by ET showed retail bidders did not even fully subscribe to the quota of stock earmarked for them in nearly a third of the 42 mainboard share listings, while the equity portion dedicated to this category was fully subscribed in…
New Delhi: India’s top natural gas marketer GAIL has opposed the Indian Gas Exchange‘s (IGX) proposed platform for booking capacity at LNG import terminals, saying it would add costs for gas consumers while offering limited incremental value. IGX has proposed acting as a facilitator for regasification capacity bookings at LNG terminals, without getting involved in…
Mumbai: The rupee’s slide over the years, stern valuation rules, and amounts beyond the low stipulated cut-offs are deterring many who want to come clean on undisclosed foreign income and assets. The one-time voluntary disclosure window, which opened on August 16, allows a person to regularise overseas stocks, properties, ESOPs, dividend, interest etc up to…
Mid-cap and small-cap funds are equity mutual fund categories that invest predominantly in their respective market-cap segments. Under SEBI’s categorisation framework, both categories must invest at least 65% of their total assets in mid-cap or small-cap stocks, respectively. Mid-cap stocks are generally considered less volatile than small-cap stocks, while small-cap stocks can offer higher growth…
Hybrid funds offer investors exposure to more than one asset class through a single mutual fund scheme. Depending on the category, these funds can invest across equity, debt, gold, silver, and other assets, with the allocation varying according to the fund’s mandate. According to the latest AMFI data for July 2026, there are 186 schemes…
The Income Tax Act, 2025 has changed how unexplained income is taxed, with a sharp difference depending on whether a taxpayer voluntarily discloses it or the tax department detects it. Here’s what taxpayers need to know about the rules and how they compare with the 1961 Act. What is unexplained income? Somesh Jain, Advocate at…
Gold, silver and equities do not always move in tandem. Their performance across the past 26 years shows how differently the three assets have behaved through various market cycles. Let’s look at how gold, silver, and the Nifty 50 TRI performed from FY01 to FY26, and how the two precious metals have behaved in relation…