Latest news with #SIPs
Hindustan Times
a day ago
- Business
- Hindustan Times
UPI will work slightly differently from August 1: Here's what's changing
Starting August 1, your daily UPI habits on apps like Google Pay and PhonePe may feel a little different. NPCI (National Payments Corporation of India) is rolling out a set of backend rule changes to streamline how UPI handles balance checks, autopay requests, payment failures, and linked account verifications. These aren't earth-shattering updates, but if you're someone who uses UPI multiple times a day (which, let's face it, is most of us), you'll want to know what's new. UPI is changing starting August 1. New time slots for UPI autopay requests If you've set up automatic payments like OTT subscriptions, rent agreements, or SIPs, those UPI Autopay requests will now be timed more precisely. From August 1, UPI apps will be required to send these requests between 12 AM and 7 AM. The idea is to minimize server congestion and delays during peak hours. You'll still receive notifications, but expect them early in the morning. Balance checks now have a limit One of the silent data-heavy tasks on UPI is balance checking, especially with biometric authentication like Face ID or fingerprint. To prevent overload, there will now be a limit on how many times you can check your balance in a day. NPCI hasn't disclosed the exact cap yet, but it's designed to stop abuse of the system, especially from bots or high-frequency checkers. Faster status updates on failed transactions We've all dealt with UPI payments stuck in limbo—money debited, but the other side hasn't received it. NPCI is addressing this by tightening timelines. Starting next month, UPI apps will have to show the actual payment status (success/fail) within seconds, instead of letting it remain 'Processing' or 'Pending' for several minutes. That means less uncertainty and fewer screenshots sent to confused vendors. Linked account verification will be more secure UPI apps will now follow a stricter verification process when you try to link a new bank account. This may involve additional checks from the bank's end to confirm the account belongs to you. It adds a layer of friction, yes, but it also reduces the risk of accidental or fraudulent linking. These updates are subtle but helpful. They're mostly aimed at making UPI smoother, safer, and less annoying during rush hours or payment hiccups. You don't need to change how you use UPI, but from August 1, you'll notice the system working a little smarter.
Time of India
a day ago
- Business
- Time of India
Rs 1 lakh salary, still broke? CA points out 7 financial blunders you might be making
You just got your salary. The message pops up — Salary credited. Feels good, right? But before you know it, half your paycheck's already gone: dinners, impulsive shopping, EMIs, subscriptions you forgot you had. And by the end of the month, you're wondering — Where did all my money go? If this sounds familiar, you're not alone. According to CA Nitin Kaushik , even people earning ₹50,000 to ₹1 lakh a month often feel broke — not because they don't earn enough, but because they fall into the same money traps again and again. He recently shared 7 classic financial blunders that most Indians make, along with smart ways to break the cycle. Explore courses from Top Institutes in Please select course: Select a Course Category 1. Spending before budgeting The biggest mistake? Spending first, budgeting later — or never. The CA gives an example where you earn Rs 50,000. You blow Rs 12,000 on weekend takeout and random online buys. By mid-month, you're scraping by. Instead, he says to flip the script and follow the 50-30-20 rule: - 50% on needs (like rent and bills) - 30% on wants (like Netflix or dinners) - 20% on savings and investments 2. No emergency funds Emergencies don't wait until you're 'ready.' According to Nitin Kaushik , a sudden Rs 15,000 hospital bill or job loss can throw your entire month into chaos. Start building an emergency fund now — even Rs 2,000/month can add up. Your goal: at least Rs 75,000 to Rs 1 lakh, parked safely in a liquid fund or fixed deposit. — Finance_Bareek (@Finance_Bareek) 3. Saving, but not investing Stashing Rs 20,000 in a savings account sounds responsible — until you realise it earns just 3% interest (that's Rs 600 a year). Instead, he suggests trying SIPs (Systematic Investment Plans). Investing Rs 5,000/month for 10 years with decent returns (12–14%) can grow to over Rs 11–13 lakhs. That's the power of compounding. 4. Lifestyle inflation Got a raise? Congrats — but the CA warns to not rushing to upgrade your phone, wardrobe, or car. This is where most people lose money. Your salary grows, but your expenses grow faster. He recommends trying this instead: keep your lifestyle steady for a year. Channel the 'extra' money into investments and let it grow. Live like you're still earning less — future-you will thank you. 5. Impulse shopping The CA further points out that ordering on apps like Zomato, Amazon, and Myntra means temptation is everywhere. Before you know it, you've spent Rs 5,000 on stuff you didn't need. Use the 24-hour rule: Add to cart. Wait 24 hours. Still want it? Buy it. If not, let it go. Your bank balance will look a lot healthier. 6. EMIs that trap you 'Rs 5,000 EMI? That's nothing!' But over a year, that's Rs 60,000+ of your salary gone. Kaushik suggests keeping EMIs under 15% of your net monthly income. And always ask yourself: 'Can I afford this if I lose my job tomorrow?' If the answer is no, rethink that purchase. 7. Not tracking your money The simplest fix? Know where every rupee goes. Most people don't track their spending, then wonder why their money disappears. Just 30 days of tracking (via a free app or even a Google Sheet) can completely change your money habits, he said. CA's final advice: Your salary is not just for spending. It's your launchpad. Your first investor. Your key to freedom. Whether you earn Rs 30,000 or Rs 1 lakh, the way you handle your money makes all the difference. Control it now — or spend years letting it control you.
Time of India
4 days ago
- Business
- Time of India
Edelweiss Mutual Fund CEO Radhika Gupta says ‘My job is to sell SIPs', but I always tell everyone to spend on …
Edelweiss Mutual Fund CEO Radhika Gupta has shared an interesting advice on personal finance which extends beyond the typical investment playbook. Gupta shared a post on social media platform X in which she is encouraging people to not only buy SIP but also spend in their happiness. In a post written in both Hindi and english Gupta emphasised on importance of savouring the rewards earned through dedication. "Started this journey with a dream, now a small joy fills my heart. The sweetness of hardwork is a different kind of joy," she wrote. Read Edelweiss Mutual Fund CEO Radhika Gupta's post here 'शुरू किया था सफ़र एक ख़्वाब के साथ, आज एक छोटी सी ख़ुशी से दिल भर आया। मेहनत की मिठास कुछ और ही होती है। by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Embark on a 2-night Chennai–high seas–Chennai adventure. Cordelia Cruises Book Now Undo My job is to sell SIPs, but I always tell everyone - young and old - to take the time to enjoy the fruits of your hardwork. Save, but also spend, on things that give you joy, because it makes the journey worth it. At the end of the day, life is not a race of who has the highest NAV of most rupees, but who has lived most joyfully. The middle path exists, and it is good one. #MangoMillionaire,' wrote Gupta in a post shared on X. Gupta's message promotes a 'middle path' between saving and spending, especially for young professionals who often feel pressured to maximize returns. While she continues to champion SIPs as a stable, long-term investment tool, she emphasized that financial wellness includes emotional fulfillment. In related news, Gupta recently cautioned retail investors against chasing high returns promoted by finfluencers, warning that many such opportunities are designed for seasoned players and not everyday savers. She reiterated that SIPs remain a trustworthy and accessible solution for most Indians. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
4 days ago
- Business
- Economic Times
Why Multi-asset funds are a smart choice in current market environment
In a volatile market environment, diversifying across asset classes using multi-asset funds can be an effective strategy, as they offer exposure to a mix of equities, debt, and gold/silver within a single investment, says Viraj Gandhi, CEO, SAMCO Mutual Fund. ADVERTISEMENT "This diversified approach helps cushion the portfolio during market downturns while still allowing participation in upside movements," he says in an interview. Edited excerpts from a chat: Nifty is trading at a premium to historical averages. Are valuations becoming a headwind or is strong earnings growth enough to justify current multiples? Nifty is currently trading at around 22.5x TTM which is a very minimal premium to historical averages. In fact, Nifty has faced a time and a price correction since the start of the year, which has significantly tamed down valuations and made some stocks relatively cheaper in the largecap space. That said, overall earnings growth hasn't fully picked up yet. We may still be a few quarters away from seeing strong, broad-based earnings. Until then, the market might stay selective, rewarding only those companies showing clear growth. The market has been caught in a consolidation range for the last 2 months amid lack of positive triggers. What can make or break the deal for bulls going ahead? For bulls to take charge again, a few key factors will be critical. An improvement in corporate earnings and supportive global cues such as a potential US rate cut or easing geopolitical tensions could provide the much-needed boost. On the flip side, any disappointment in earnings, high valuations without corresponding growth, or global headwinds like sticky inflation or geopolitical shocks could weigh on this sentiment. ADVERTISEMENT India has seen record SIP inflows and retail participation. Is this depth sustainable in the next correction? In June 2025, SIP inflows reached a record high of ₹27,269 crore, according to the Association of Mutual Funds in India (AMFI). This represents a 2.2% increase compared to the previous month's inflow of ₹26,688 crore. The number of contributing SIP accounts also rose, reaching 8.64 crore in June, up from 8.56 crore in May. This growing monthly SIP inflows number highlights the growing maturity of the retail investors as this steady inflow has provided a strong cushion for the markets, especially during phases of global volatility. Many first-time investors have entered the markets post Covid, largely driven by rising financial awareness, better digital access, and strong past returns. While this is encouraging, it also means a large segment of investors has yet to experience a sharp or prolonged market downturn. This could test their resolve, especially if corrections extend beyond a few weeks and start affecting portfolio returns more visibly. ADVERTISEMENT That said, the shift towards disciplined investing through Systematic Investment Plans (SIPs) and the growing popularity of mutual funds indicate that a core segment of investors is here for the long term. Even if we see some dip in the flows during corrections, it is likely to be temporary. The overall trend of rising domestic participation is expected to continue, driven by favorable demographics, under-penetration of financial products, and increasing trust in market-linked instruments. In essence, while some short-term impact is possible, the structural depth looks sustainable. ADVERTISEMENT Are there specific sectors or themes that you believe are positioned for strong growth or present heightened risks in the current environment? In the current environment, financial services, pharmaceutical and healthcare stand out as sectors positioned for strong growth. What are the biggest risks domestic investors should be aware of while navigating today's markets? In the current market environment, geopolitical risk stands out as one of the biggest concerns for domestic investors. With escalating tensions in the Middle East and the looming August deadline for the implementations of tariffs by President Donald Trump, any flare-up in these areas could create significant volatility, not just globally, but also in Indian markets. ADVERTISEMENT With heightened market volatility, what approaches or strategies do you recommend for investors trying to manage risk and capitalize on market opportunities? In a volatile market environment, it's important for investors to strike a balance between managing risk and capturing potential opportunities. One effective strategy is to diversify across asset classes rather than relying solely on equities. Multi-asset funds can be a smart choice in this regard, as they offer exposure to a mix of equities, debt, and gold/silver within a single investment. This diversified approach helps cushion the portfolio during market downturns while still allowing participation in upside movements. Given the correction in the last few weeks, do you see some opportunities in defence stocks? Defence stocks have seen a strong rally recently, especially after the Pahalgam attack, as investor interest in the sector picked up. The broader theme remains intact over the long term, driven by increasing indigenization efforts and a clear push to reduce reliance on foreign suppliers for defense equipment. Government initiatives, rising defense budgets, and strong order pipelines for key players add further support to the sector's outlook. While some profit booking has been observed in the last few days, which is natural after a sharp run-up, the long-term story still looks promising. In the short term, valuations may seem stretched, and some consolidation can't be ruled out. However, for investors with a longer horizon, defense remains a structural growth theme with potential for steady returns as India continues to build its domestic capabilities. Expectations from Q1 earnings are low. Which pockets of the market do you think can surprise you? Broadly, Q1 could be muted on expectations. Capital goods and infra could positively surprise if operating leverage might start to kick-in, banks may do better due to lower credit costs and autos might surprise due to softening raw material prices.
Time of India
5 days ago
- Business
- Time of India
‘Save, but also spend': Edelweiss MF CEO Radhika Gupta's advice to aggressive SIP investors
Edelweiss Mutual Fund MD and CEO Radhika Gupta has a word of advice for aggressive investors who channel every rupee into Systematic Investment Plans (SIPs) while preparing for the future — don't forget to enjoy the present. Taking to social media platform X (formerly Twitter), Gupta urged investors to strike a balance between saving and spending. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Project Management Design Thinking healthcare Degree Cybersecurity Healthcare MBA Operations Management Leadership Product Management Finance Artificial Intelligence Technology Data Science Others Management Data Science Digital Marketing CXO PGDM Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details 'My job is to sell SIPs, but I always tell everyone — young and old — to take time to enjoy the fruits of your hard work. Save, but also spend on things that bring you joy, because that's what makes the journey worthwhile. Life isn't a race to have the highest NAV or the most money, but to live joyfully. The middle path exists — and it's a good one,' she wrote. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo — iRadhikaGupta (@iRadhikaGupta) Her advice comes at a time when mutual fund SIP inflows have hit a record high. SIP contributions rose to ₹27,269 crore in June, up 2% from ₹26,688 crore in May — marking the first time monthly inflows have crossed the ₹27,000-crore mark. Live Events The number of new SIPs registered in June climbed to 61.91 lakh, compared to 59.14 lakh in May and 46.01 lakh in April. Meanwhile, the number of contributing SIP accounts reached 8.64 crore in June, up from 8.56 crore in May and 8.38 crore in April. Gupta's post sparked mixed reactions online. One user commented, 'Spending is like sugar — addictive and tempting. Savings and investment are the opposite. In trying to find balance, we often overspend and miss the middle path due to rising costs, education expenses, etc. Ideally, one should spend less than they save and invest the rest.' Another user quipped, 'What about retirement funds? After 60, people might not even have teeth to enjoy the fruits of their investments.' To a query if there are any international funds, Radhika said Edelweiss' international funds which invest 100% overseas are now open. She said that Edel Tech also invests 30 per cent in US while the balance in India cos.
