Investments

SIP frequency may offer some flexibility, but it’s the clarity of purpose and long-term commitment that determine investment success. Source

EPFO members can now automatically claim up to ₹5 lakh from their provident fund accounts, after the regulator raised the auto-settlement limit to speed up access for urgent needs. Source

India’s asset management sector has introduced Specialised Investment Funds (SIFs), blending the flexibility of PMS and AIFs with the structure of mutual funds. With lower entry thresholds, active use of derivatives, and flexible redemption norms, SIFs mark a key shift in Indian investing, offering investors broader access and advanced strategies. Source

In India, 24 karat gold was priced at ₹98,950 for 10 grams. The rate for 22 karat gold stood at ₹90,700, while 18 karat gold traded at ₹74,210 per 10 grams, according to Goodreturns. Source

The bob Flexi SDP allows customers to raise their monthly deposit by up to 10 times their base instalment, with a cap of ₹1 lakh per month. Source

This follows a slight dip in April, when spends stood at ₹1.84 lakh crore, and a record high of ₹2 lakh crore in March. Source

The New Fund Offer (NFO) will open for subscription on June 27 and close on July 11. Source