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Personal Finance / The Economic Times

Trump says Intel has agreed to a deal for US to take 10% equity stake; Intel shares surge 6%

President Trump announced a deal where the U.S. would acquire a 10% stake in Intel, following a meeting with CEO Lip-Bu Tan. This move comes after Trump demanded Tan's resignation over ties to Chinese firms, resulting in a $10 billion investment. The federal backing aims to revive Intel's struggling foundry business amidst turnaround efforts.

22 Aug 2025 11:49 pm
Fraudulent MF redemptions by impersonators threat to investors confidence: Sebi chief

Sebi chairman Tuhin Kanta Pandey on Friday cautioned the mutual fund industry that beyond market-linked investment risks, operational risks such as fraudulent redemptions by impersonators pose a growing threat to investor confidence.

22 Aug 2025 9:41 pm
US small caps, housing stocks rally as Powell opens door to rate cuts

Rate-sensitive stocks rallied on Friday after U.S. Federal Reserve Chair Jerome Powell hinted that an interest-rate cut could be on the table in September, citing a shifting balance of risks.

22 Aug 2025 9:35 pm
AMFI at 30: AMFI unveils 2 initiatives to deepen financial literacy, expand reach, and secure India's retirement future

Marking its 30th Foundation Day, AMFI announced initiatives to deepen financial literacy, expand investor education through campaigns, trains, and partnerships, strengthen Indias retirement ecosystem, train one lakh postmen, and nurture youth financial awareness via nationwide essay competitions.

22 Aug 2025 9:01 pm
Powell announces policy framework tweaks for changed economic landscape in Jackson Hole speech

Nodding toward significant changes in the economic landscape over the last five years, Federal Reserve Chair Jerome Powell on Friday announced an updated operating framework for the U.S. central bank that reflects the return of higher inflation pressures and reduced prospect of near zero short-term interest rates.

22 Aug 2025 7:43 pm
Earned money from Dream 11, Rummy, other real money gaming apps? File ITR now to report this income or risk tax notice and likely prosecution

Income from online real money games like Dream 11 and Rummy is taxable, necessitating ITR filing. Even small winnings are subject to a 30% tax rate, and TDS is deducted by gaming platforms. Failure to report such income can lead to tax notices and potential prosecution, emphasizing the importance of compliance.

22 Aug 2025 7:16 pm
You need 60% higher initial step up SIP for 3-year delay if you want Rs 1 crore for childs foreign education

To secure a child's future foreign education, initiating early investments through a step-up SIP is crucial. Starting with a monthly SIP of Rs 20,413 and increasing it by 8% annually over 18 years, targeting 12% returns, can help accumulate Rs 2.41 crore. But if you delay investment by just 3 years, the overall cost may rise by nearly 17%.

22 Aug 2025 6:40 pm
Sovereign Gold Bond 2025: RBI announces SGB premature redemption dates from October 2025 March 2026; check details

The Reserve Bank of India has released details regarding the premature redemption of Sovereign Gold Bond tranches from October 2025 to March 2026. SGBs offer the dual benefit of gold price appreciation and a fixed annual interest of 2.5%, paid semi-annually.

22 Aug 2025 5:14 pm
As Karnataka offers 50% waiver on traffic e-challan fines till Sept 15, here's how you can pay it online

The Karnataka government has announced a 50% rebate (waiver) on pending traffic penalties beginning on August 21, 2025, in an effort to ease the burden on the public and expedite the settlement of pending traffic infraction cases throughout the state.

22 Aug 2025 2:47 pm
Top 7 flexi cap mutual funds to invest in August 2025

Seven top flexi cap mutual funds, including Parag Parikh, HDFC, UTI, PGIM India, Aditya Birla Sun Life, SBI, and Canara Robeco, have been shortlisted based on rolling returns, consistency, and risk. Investors with a 57 year horizon can consider these schemes to build wealth over the long term.

22 Aug 2025 2:44 pm
Mutual fund NFO: 6 funds are currently open for subscription. Check details

Six mutual fund NFOs are open for subscription, including two FoFs, two domestic FoFs, one ETF, and one index fund. Investors can choose from options like gold, multi-asset, and index strategies, with closing dates between August 25 and September 4.

22 Aug 2025 1:55 pm
B30 locations continues to be inclined towards equity mutual funds: ICRA Analytics

In July 2025, B30 locations contributed 18% of mutual fund assets, rising 3% MoM and 21% YoY. These investors prefer equities (76.55%) over debt. Retail investment dominates B30, with 26.92% direct, while institutional assets concentrate in T30 cities. HNIs favor direct investments, accounting for 28.61% of their holdings.

22 Aug 2025 1:29 pm
ITR filing AY 2025-26: How to add and validate your bank account details to receive income tax refund

To finalise online ITR filing, verifying your income tax return is essential. Taxpayers can add and pre-validate their bank account details on the income tax portal to receive a tax refund. Multiple accounts can be validated and nominated for refunds. It's important to keep contact details updated to avoid issues with revalidation.

22 Aug 2025 1:11 pm
35 equity mutual funds complete over 25 years in 2025. How much returns did they offer?

As numerous new schemes emerge, 35 equity mutual funds in India have marked 25 years. These include ELSS, large and mid-cap, large-cap, flexi-cap, mid-cap, value, contra, multi-cap, and small-cap funds. SBI Long Term Equity Fund, launched in 1993, delivered a 16.36% CAGR, while HDFC ELSS Tax Saver posted the highest at 23.24% since 1996.

22 Aug 2025 12:59 pm
Why is the stock market down today? Sensex drops over 500 pts, Nifty slips below 25,000 5 factors behind the slide

Indian stock markets experienced a downturn on Friday, halting a six-day rally. The Sensex and Nifty both declined, influenced by investor caution ahead of Jerome Powell's Jackson Hole speech and concerns over impending U.S. tariffs on Indian goods. Profit-taking after the recent surge and continued selling pressure from foreign institutional investors also contributed to the market's decline.

22 Aug 2025 12:50 pm
Who is Avadhut Sathe, the Bollywood-style trading guru now under Sebi lens?

Finfluencer Avadhut Sathe, known for his unconventional trading lessons, has come under SEBIs scanner after a search-and-seizure operation at his Karjat academy on August 20, as part of the regulators crackdown on unlicensed financial influencers.

22 Aug 2025 11:43 am
6 equity mutual funds outperformed their benchmarks in 3 years

Six equity mutual funds posted the highest up capture ratios above 135 in three years, led by Bandhan Small Cap, Invesco mid- and small-cap schemes, JM Value, Bank of India Flexi Cap, and Motilal Oswal ELSS. Others recorded ratios between 12.45134.95.

22 Aug 2025 10:34 am
Consumption theme based mutual funds offer up to 18% return in 6 months. Will GST reforms be a game-changer?

Consumption-themed mutual funds have shown strong returns, averaging 12.28% in the last six months, with some funds reaching 18%. Proposed GST rate cuts are expected to further boost demand across sectors like FMCG and consumer durables. However, experts advise a balanced approach, suggesting diversified equity funds may offer better long-term exposure compared to these narrow thematic plays.

22 Aug 2025 10:19 am
Best banking & PSU mutual funds to invest in August 2025

Mutual fund advisors say banking & PSU debt schemes are relatively safe because these schemes invest only in bonds and papers of banks and public sector companies. Since most of these entities are government-backed, they dont have the credit risk.

22 Aug 2025 9:18 am
Software engineer explains how online portals instantly check if a credit card number is valid and bank specific offers are instantly applied

FinPal, a software engineer, explained on X how online portals instantly validate credit card numbers using the Luhn Algorithm and apply bank-specific offers through the BIN system. The first digit identifies the card network, while the initial 6-8 digits reveal the issuing bank and card type. RBI guidelines address unsolicited cards, activation criteria, and interest charges on partial payments.

22 Aug 2025 9:11 am
Asian stocks in tight range as rate cut bets pared

Asian equities showed mixed performance as US stocks and bonds declined, driven by reduced expectations for imminent Federal Reserve rate cuts. Attention is now focused on Jerome Powell's upcoming speech at the Jackson Hole symposium, with markets anticipating potential signals on future policy shifts. Meanwhile, the Justice Department is considering investigating Fed Governor Lisa Cook.

22 Aug 2025 6:39 am
Aikyam Capital launches GIFT Citydomiciled Aikyam India Discovery Fund

Aikyam Capital has launched the Aikyam India Discovery Fund (AIDF), a GIFT City-domiciled, USD-denominated Category III AIF offering tax-efficient access to Indias equity markets. Targeting NRIs and global investors, AIDF invests in top mutual funds and ETFs with dynamic allocation, delivering transparency, governance, and long-term exposure to Indias growth story.

21 Aug 2025 6:45 pm
Top 5 mid cap mutual funds offer up to 28% return in 3 years. Motilal Oswal Midcap Fund tops return chart

Mid cap funds delivered up to 28% annualised returns in three years, with Motilal Oswal, Invesco India, HDFC, Nippon India, and Kotak Nifty Midcap 50 ETF leading performance, per ETWealth.

21 Aug 2025 4:35 pm
No denial of benefits without Aadhaar authentication: ESIC clarifies in new notification

The Labour Ministry has recently announced that the Employees' State Insurance Corporation (ESIC) can now use Aadhaar authentication to verify the identity of beneficiaries.

21 Aug 2025 4:31 pm
Decode the investment potential of Axis Flexi Cap Fund

In volatile markets, investors need adaptable funds for steady portfolios. Axis Flexi Cap Fund offers a solution by investing across market capitalizations, focusing on growth-oriented firms and diverse sectors like healthcare and financial services. Managed by a skilled team, it aims to mitigate risk and capture long-term growth opportunities, making it suitable for investors seeking capital appreciation.

21 Aug 2025 3:19 pm
This tiny northeastern state witnesses highest MoM growth in average AUM in July: ICRA Analytics

Indias mutual fund industry AAUM grew 19.01% YoY in July 2025, with Mizoram and Nagaland showing the fastest growth. Maharashtra led overall contribution, while equity-oriented schemes dominated at 54.56%, highlighting sustained investor preference for growth-focused funds across states.

21 Aug 2025 3:06 pm
NFO Alert: SBI Mutual Fund launches dynamic asset allocation active FoF

SBI Mutual Fund has launched the SBI Dynamic Asset Allocation Active FoF, an open-ended fund-of-fund scheme investing in actively managed equity and debt mutual funds. The NFO runs from August 25 to September 8, with a minimum investment of Rs 5,000. The fund, managed by Nidhi Chawla (equity) and Ardhendu Bhattacharya (debt), offers diversified, risk-managed exposure and SIP options.

21 Aug 2025 3:00 pm
These 5 equity mutual funds offer up to 25% return in 10 years on SIP investments

Over the past decade, several equity mutual funds have rewarded SIP investors with strong annualised returns. Quant Small Cap Fund leads with 24.5%, followed by Nippon India, Motilal Oswal, Invesco India and Nippon Growth midcap funds.

21 Aug 2025 2:42 pm
CAs caution joint bank account holders about this critical issue with tax rules that can lead to tax notices

Chartered Accountants highlight a critical issue with tax rules. Rule 114E(2) causes duplicate reporting for joint account holders. This leads to unnecessary tax notices, especially for non-filers. Experts suggest reviewing AIS/TIS and reporting income correctly. Taxpayers should maintain records of investments. The current system needs a fix to avoid penalizing joint holders, particularly senior citizens.

21 Aug 2025 2:00 pm
Quant Small Cap Fund and Motilal Oswal Midcap Fund among 8 equity mutual funds which deliver over 20% CAGR in 5 and 7 years

Eight equity mutual funds, led by Quant Small Cap, delivered over 20% CAGR in both five and seven years. Others like Motilal Oswal and Nippon India also featured prominently in ETMutualFunds analysis.

21 Aug 2025 1:50 pm
European shares flat; all eyes on Jackson Hole

European equities were little changed on Thursday as investors awaited updates from the Federal Reserve's Jackson Hole symposium for clues on the path of monetary policy.

21 Aug 2025 1:38 pm
GSTR-3B deadline extended for Mumbai and these Maharashtra districts

Due to heavy rains and public disruptions, the CBIC has extended the GSTR-3B filing deadline for July 2025 to August 27, 2025. This extension applies to registered businesses in Mumbai City, Mumbai Suburban, Thane, Raigad, and Palghar districts of Maharashtra. Form GSTR-3B is a simplified summary return for declaring GST liabilities, required for all normal and casual taxpayers.

21 Aug 2025 12:17 pm
Postmen to sell mutual funds? 1 lakh India Post staff to undergo MF distributor training by AMFI

AMFI is collaborating with India Post to train one lakh postmen as mutual fund distributors, aiming to double the investor base. The initiative will initially focus on Bihar, Andhra Pradesh, Odisha, and Meghalaya, targeting 20,000 new distributors in the first year. This expansion seeks to increase mutual fund penetration in smaller towns and rural areas, leveraging India Post's extensive network.

21 Aug 2025 11:47 am
Sebi plans to raise tenure, maturity for equity derivatives: Tuhin Kanta Pandey

A surge in derivatives trading, which has also been driven by retail investors, has prompted the Securities and Exchange Board of India to limit the number of contract expiries and increase lot sizes to make such trades more expensive.

21 Aug 2025 11:47 am
Swiggy shares jump over 5% in intra-day trade; whats driving the rally?

Swiggy's shares jumped 5.5% following optimistic forecasts for its food delivery and quick commerce sectors. DAM Capital projects a 28% revenue CAGR and profitability by FY28, driven by Instamart's growth. Market share recovery and inclusion in the MSCI Global Standard Index further boosted investor confidence in Swiggy's potential.

21 Aug 2025 11:44 am