Mutual fund investments can soon be gifted using prepaid payment instruments (PPIs), with Sebi proposing a new framework. Individuals can purchase gift PPIs, capped at ₹10,000 and valid for one year, to transfer funds for mutual fund subscriptions. This initiative aims to attract new investors and enhance financial product accessibility.
US Stock Market | Wall Street advances as investors bet on Mideast de-escalation
Wall Street indexes climbed as falling oil prices and Iran’s review of a U.S. proposal offered hope for de-escalation in the Middle East conflict. Despite