Aditya Birla Sun Life Mutual Fund has revised the exit load structure for its Medium Term Fund, effective as per the fund house's announcement. Exit loads are fees charged to investors who redeem units before a specified holding period, functioning as a deterrent against short-term churn in debt-oriented strategies. Medium term funds typically target a Macaulay duration of three to four years, and their exit load schedules directly influence investor redemption behavior and fund flow stability. The revised structure will apply to new and potentially existing investments depending on the fund house's specific terms, making it essential for current unitholders and advisors to review the updated schedule before making redemption decisions. Investors with near-term liquidity needs should assess whether their holding period aligns with the new load-free exit window to avoid incremental cost drag on returns.
Nayara Energy has reduced petrol prices by ₹5 per litre and diesel by ₹3 per litre after global crude costs fell on easing West Asia tensions and the reopening of a key maritime shipping route. The move raises pressure on state-owned fuel retailers to follow with their own price cuts.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
