PhonePe Mutual Funds sees 5X growth in Daily SIP transactions driven by demand from smaller cities

PhonePe Mutual Funds onboarded over 500,000 unique investors into its Daily SIP product. Nearly seventy-seven percent of these customers came from tier-two and tier-three cities. Daily SIP transactions increased nearly five-fold between January and June 2026. Younger investors aged eighteen to twenty-nine formed fifty-eight percent of the investor base. This feature allows small, regular contributions,…

Top 10 mutual funds to invest in August 2026

New investors often seek top mutual fund schemes for their investments. This article presents ten recommended schemes across five equity categories. It explains the suitability of each fund type for different investor profiles. The selection methodology considers rolling returns and consistency over three years. Investors should align fund choices with their objectives and risk tolerance.

Need to encourage young adults to buy health cover, says Aditya Birla Health Insurance CEO

For those under thirty-five, acquiring health insurance is vital for managing risks and financial burdens. Despite representing a substantial part of India’s population, young adults typically purchase few policies. In response, Aditya Birla Health Insurance is unveiling innovative plans designed specifically for this younger audience. The firm recently experienced a striking fifty percent rise in…

P&G seals Thorne deal to expand wellness business

Procter & Gamble will announce its acquisition of Thorne supplements on Tuesday. The company’s CEO stated the acquisition price aligns with industry benchmarks. Haleon, a UK consumer health firm, was reportedly bidding for Thorne. Thorne was valued at up to four billion dollars in June. P&G recently forecast slower annual sales growth despite strong beauty…