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19 May

DBS Bank India revises savings account rates; offers up to 5.5% interest

MFNewsBreaking News, Business, Opinions, Shares, Technology

#DBSBanknewsavingsrates Customers with domestic savings between ₹5 lakh and ₹50 lakh will now earn 5.50% interest per annum Mumbai: DBS Bank India has increased its savings account interest rates across different balance slabs, offering one of the highest rates in the banking industry. Customers with domestic savings between ₹5 lakh and ₹50 lakh will now earn 5.50% interest per annum. This is nearly double the rate offered by many other banks for the same balance slab, the lender said in a statement. The bank offers a tiered rate structure for both resident and non-resident account holders. Up to ₹2 lakh:…

19 May

AUM of Mutual Fund rises 23% in FY25 to ₹65.74 lakh crore

MFNewsBreaking News, Mutual Funds, Opinions, Technology

#MFAUMrisesto66lakhcr The growth was driven by net inflows of ₹8.15 lakh crore and mark-to-market gains in both equity and debt segments Mumbai: The Indian mutual fund industry closed FY25 with total assets under management (AUM) at ₹65.74 lakh crore. In total, the industry registered a 23.1% year-on-year increase from ₹53.40 lakh crore in FY24, according to data from the Association of Mutual Funds in India (AMFI). The growth was driven by net inflows of ₹8.15 lakh crore and mark-to-market gains in both equity and debt segments. Equity-oriented schemes accounted for the highest net inflows in FY25 at ₹4.17 lakh crore,…

19 May

SBI cuts fixed deposit interest rates by 20 basis points across all Segments

MFNewsBreaking News, Business, Opinions, Shares

#SBIcutsfdratesby20bp New Delhi: SBI's move comes after the Reserve Bank of India (RBI) cut the repo rate in its latest monetary policy review. Since then, several banks have trimmed their FD rates. The State Bank of India (SBI) has reduced its fixed deposit (FD) interest rates by 20 basis points (bps) across all tenors. The revised rates came into effect on May 16, 2025. This marks the second rate cut in just a month, following the previous reduction on April 15. SBI's move comes after the Reserve Bank of India (RBI) cut the repo rate in its latest monetary policy…

18 May

Defence Funds: Mutual funds In Demand after Operation Sindoor

MFNewsBreaking News, Mutual Funds, Opinions, Technology

#DefenceFundsInDemand As of April 30, 2025, the fund held a portfolio of 22 stocks with total assets under management (AUM) amounting to Rs 5,487 crore Mumbai: Defence mutual funds in India have seen a one-month return surge, ranging from 13.67% to 18.75%, primarily due to increased market focus on defence sector investments and geopolitical activities. Indian defence sector-oriented mutual funds are witnessing a notable surge, with one-month returns ranging from 13.67% to 18.75%. This surge is attributed to heightened investor interest, driven by recent geopolitical events such as Operation Sindoor and government policies that favour domestic defence manufacturing. The average…

18 May

Baskin Robbins India Expands Retail Portfolio to Meet Rising Demand in Quick Commerce

MFNewsBrands, Business, Entertainment, Technology

#BaskinRobbinsExpands The brand has launched range of products for its retail segment with the increasing demand from quick commerce platforms Chandigarh: Baskin Robbins, India’s much loved ice cream brand, is set to redefine indulgence with the launch of its latest retail product range. As quick commerce reshapes consumer habits and snacking becomes an all-day affair, the brand is strategically expanding its presence in the snacking portfolio in key cities to meet this surging demand. The newly launched retail range targeted at General trade stores, Supermarkets and Quick Commerce platforms features a variety of formats and flavours designed for on the…

17 May

Indian Equity Funds hold 2.5 Lakh Crore’s in cash, Waiting for Right Time

MFNewsBrands, Breaking News, Business, Mutual Funds, Opinions, Technology

#equityfundsholdcrores PPFAS MF has the highest cash holding of 22%. Mumbai: A New Study report by Motilal Oswal Financial Services shows that the Indian mutual fund industry has cash holding of 7% of the total equity AUM. The data shows that the average cash holding of the top 20 fund houses was 6.9% of the total equity AUM in March 2025. The average cash holding of these fund houses increased from 4.9% of the total equity AUM in March 2024. PPFAS MF, Motilal Oswal MF and SBI MF are the top three fund houses in terms of cash holding in…

17 May

LIC MF re-introduces five flagship equity schemes

MFNewsBreaking News, Business, Insurance, Mutual Funds, Shares, Technology

#LICMFiveequityschemes Mumbai: LIC Mutual Fund has re-introduced five equity schemes as its flagship schemes catering to the needs and requirements of modern investors, especially millennial and Gen-Z investors. The fund house said that these schemes are aimed at enhancing product offerings, attracting new investors and aligning the funds with changing market dynamics. These five schemes include LIC MF Value Fund, LIC MF Small Cap Fund, LIC MF Multi-Asset Allocation Fund, LIC MF Dividend yield Fund and LIC MF Focused Fund. Ravi Kumar Jha, MD & CEO of LIC MF said, “The aim is to reach an AUM of Rs.1 lakh…

17 May

Zigly Expands Footprint with Grand Opening of First Experience Centre in Jalandhar

MFNewsBrands, Health, Travel

#ZiglyExpandsExperienceCentre Jalandhar: Zigly, India’s first tech-enabled omni-channel pet care brand has announced the grand unveiling of its first-ever experience centre in Jalandhar. This marks the brand’s 32nd store nationwide, solidifying its commitment to bringing specialized, holistic pet care closer to pet parents across India. Located at No. 421 - R, Ground Floor, Mall Road, Model Town, Zigly’s new experience centre spans over 1700 sq. ft and is designed to provide a comprehensive and elevated experience for pets and their parents in the city. The store houses state-of-the-art veterinary facilities, a dedicated grooming spa, and a curated range of premium pet…

17 May

The Hinduja Family Retains Top Spot on UK’s Rich List 2025 for the Fourth Successive Year

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#HindujaFamilyUKRich Mumbai: The Hinduja family led by Mr. Gopichand Hinduja, Chairman of the Hinduja Group, a 110-year-old multinational conglomerate, has topped the Sunday Times Rich List at £35.3 Billion for the fourth successive year. The Sunday Times Rich List is a definitive annual ranking of the wealthiest individuals and families residing in the United Kingdom, with 350 entries in the 2025 edition. Despite global headwinds and policy shifts, the Hinduja family has continued to demonstrate exceptional business resilience and global leadership. The UK-based family's group of companies, headed by Chairman, Mr. G.P. Hinduja, operates in 38 countries with investments in…

17 May

Godrej Launches AI-powered side-by-side refrigerators with eye-catching aesthetics

MFNewsBrands, Breaking News, Business, Entertainment, Health, Technology, Travel

#GodrejrefrigeratorsAI Chandigarh: Home appliances are no longer just about functionality; they are now an extension of style and smart living. Aligning with this, the Appliances business of Godrej & Boyce, part of the Godrej Enterprises Group has launched AI-powered Eon Velvet Side-by-Side Refrigerators that offers a seamless blend of aesthetics and technology. Powered by AI, this 600L large capacity refrigerator automatically optimizes cooling and energy consumption by sensing food load and usage like door openings, ensuring food stays fresher for longer. Additionally, with intelligent modes like Eco mode for automatic temperature regulation, Holiday mode for energy conservation when you are…