Mutual funds increase investments in PSU banks in January; weight hits 3-year high

Mutual funds significantly increased their investments in Public Sector Undertakings (PSUs) during January, reaching a three-year high. Private banks also experienced a notable increase in allocation, marking an eight-month peak. This surge indicates a renewed interest in the banking sector among investors.

Selling mutual funds for a joint home? Here’s what Section 54F says

Spouses selling two houses to jointly buy one property can claim the Section 54F exemption proportionally, even if the new property is under redevelopment. Courts have confirmed that pooling sale proceeds for a joint purchase is permissible, provided ownership rights are retained. The new property must be acquired within two years or constructed within three years of selling the original assets.

Silver and gold ETFs slip up to 7%. Should you invest now?

Silver and gold ETFs fell sharply as investors booked profits after Friday’s surge, while gold and silver futures on the MCX opened sharply lower. Major silver and gold ETFs from leading fund houses declined 2–7% amid global volatility, stronger U.S. data, and rising dollar pressures.