Investments

Valid Indian passports are accepted for Aadhar enrolment. Other accepted documents include PAN cards, voter ID, ration cards, driving licences, pensioner photo IDs, bank passbooks, and government-issued certificates, depending on the specific requirement. Source

As India inches closer to the $1 trillion AUM milestone, the fourth edition of the Moneycontrol Mutual Fund Summit brought together the industry’s brightest minds—fund managers, regulators, distributors, and market veterans—to chart the next trillion in asset growth. Source

The bill, nearly 900 pages long, includes major tax cuts, sharp spending increases on deportation and defense, and tighter controls on welfare benefits. Source

The offering drew participation from over 90 institutional investors and more than 67,000 retail investors, placing JioBlackRock among India’s top 15 asset management companies by Debt Assets Under Management, out of 47 fund houses. Source

ICICI Lombard’s gross direct premium fell 11% year-on-year in June, compared with the industry’s 5% growth, and declined 8% month-on-month against a 5% rise for the sector. For the April–June quarter, its premium rose just 1%, trailing the industry’s 9% growth. Source

In the homes of those who never made it back, the questions aren’t about weather patterns or aviation protocol. They’re about EMIs. Passwords. Policy numbers, notes Sanjiv Bajaj, Joint Chairman and Managing Director, Bajaj Capital. Source

While aimed at tightening tax administration and curbing leakages, tax experts warn that many of these changes are likely to increase the compliance burden on businesses. Source

Bandhan Mutual Fund has announced the launched of its new equity fund that opens for subscription on July 10, 2025. Check details in this story. Source

ICICI Prudential MF has launched ICICI Prudential Active Momentum Fund – a new open-ended equity scheme to take advantage of the earnings momentum trends of the Indian stock market. The scheme closes on July 22. Source