Money Update – July 2026

July 2026 highlights: World Bank approves $1.5 billion for India's growth, ₹19,700-crore carbon capture scheme cleared, first Made-in-India C-295 aircraft unveiled, direct tax collections surge 14.6%, and Jewar (Noida International) Airport begins commercial operations.

TOP 10 UPDATES

1. World Bank Approves $1.5 Billion to Boost India's Growth & Job Creation. The World Bank has approved a $1.5 billion financing package to support India's economic reforms, strengthen the private sector, and accelerate job creation, especially for youth and women.
2. ₹19,700-Crore Carbon Capture Scheme Cleared to Accelerate India's Green Transition. The CCUS (Carbon Capture, Utilisation and Storage) scheme has received finance ministry approval and now awaits Union Cabinet clearance, expected to attract ₹37,500 crore in investments and create an annual carbon-capture capacity of 7 million tonnes.
3. Made-in-India Defence Manufacturing Reaches New Milestone. India unveiled its first Made-in-India C-295 transport aircraft, strengthening indigenous aerospace manufacturing capabilities. New indigenous naval platforms further reinforce the country's Atmanirbhar Bharat vision.
4. India's MSME Sector Achieves New Milestones in Growth & Support. 8.7 crore MSMEs are now registered under the Udyam and Udyam Assist portals. The CGTMSE collateral-free loan guarantee limit has been doubled from ₹5 crore to ₹10 crore, while over 54% of Central Public Sector procurement now comes from MSMEs.
5. India's Direct Tax Collections Surge 14.6%, Reflecting Strong Economic Momentum. Net direct tax collections rose 14.6% year-on-year to ₹5.21 lakh crore, while advance tax collections increased 15.3% to ₹1.78 lakh crore.
6. Government Retains 8.25% EPF Interest Rate for FY26. The EPF interest rate has been retained at 8.25% for FY2025–26, marking the third consecutive year at this level, with interest credited to over 7 crore EPF members.
7. India's Merchandise Exports Rise 15% Amid Global Challenges. India's merchandise exports recorded around 15% year-on-year growth during April to mid-June, reflecting robust global demand despite geopolitical and economic uncertainties.
8. Global Companies Pledge Over $90 Billion Investment in India. Leading global firms have committed over $90 billion across AI, cloud computing, digital infrastructure, manufacturing, and technology, reflecting strong confidence in India's long-term growth.
9. Jewar (Noida International) Airport Takes Flight, Boosting India's Connectivity. Commercial operations have begun at Noida International Airport (Jewar), expected to improve connectivity across Delhi-NCR and western Uttar Pradesh while driving tourism, trade, investment, and employment.
10. Indian Rupee Records First Monthly Gain Since February. The rupee ended June on a stronger note, supported by easing inflation expectations, improved market sentiment, and higher foreign capital inflows.

CHANGE IN INDICES (Absolute Returns)

Indices	Values	1M	6M	1Y	3Y	5Y	10Y
SENSEX	76478	+2.27%	-10.25%	-8.52%	+19.65%	+45.53%	+183.26%
NASDAQ	26213	-2.81%	+12.78%	+28.69%	+90.12%	+80.74%	+441.36%
GOLD	141286	-9.70%	+6.07%	+47.34%	+143.51%	+201.24%	+366.29%
SILVER	225425	-14.40%	+2.16%	+112.91%	+223.68%	+228.89%	+447.14%
INR-USD	94.66	+1.16%	-5.34%	-10.30%	-15.38%	-27.55%	-40.19%

HIGHEST FD RATES

Company	Tenor (Months)	Rates
ICICI Home Finance	60	7.00%
Bajaj Finance	60	7.40%
LIC Housing Finance	60	6.90%
ICICI Bank	60	6.50%
HDFC Bank	60	6.15%

Product of the Month: Tata AIG Fortune Guarantee Supreme Plan

Forthcoming New Fund Offers (NFOs)

HDFC Nifty Auto Index Fund – Equity-Index Funds, Open Ended, Opens: 22-Jun-26, Closes: 3-Jul-26, Very High Risk
Tata Multi Sector Passive FOF – Allocation-Fund of Funds, Open Ended, Opens: 22-Jun-26, Closes: 6-Jul-26, Very High Risk
JM Multi Asset Allocation Fund – Allocation-Multi Asset Allocation, Open Ended, Opens: 24-Jun-26, Closes: 8-Jul-26, High Risk
ICICI Prudential Multi-Asset Active FOF – Allocation-Fund of Funds, Open Ended, Opens: 30-Jun-26, Closes: 14-Jul-26, Very High Risk
ICICI Prudential Balanced Hybrid Fund – Allocation-Balanced Allocation, Open Ended, Opens: 30-Jun-26, Closes: 14-Jul-26, High Risk

Article: 80 Year Old And Equity Investments

Message from the Founder

Author: CA Madhusudan Chandak

Disclaimer: Private and confidential

The Law of the Farm: Why You Can't Sprint a Harvest

Clients often approach us with a seemingly simple request: 'Just suggest one good mutual fund scheme.' To a professional financial advisor, it is terrifying — it exposes a fundamental misunderstanding of wealth creation, revealing that investors are still looking for a 'tip', a magic bullet for quick, sure-shot returns.

Investing is a Journey, Not a Transaction. Equity mutual funds are not individual speculative shares — investing requires building a diversified core portfolio of two to three foundational schemes, followed by systematic management. If a scheme genuinely fails to deliver over a two-to-three-year window, that is the appropriate time to prune it and reallocate capital.

When we provide a conservative, realistic return estimate coupled with a mandatory 5-to-7-year time horizon, many prospective clients walk away wanting aggressive, double-digit guarantees instead. The constant media noise celebrating overnight millionaires has created a toxic culture of instant gratification that tricks people into taking uncalculated risks with their life savings.

The Law of the Farm applies to investing too: Deep Roots — select high-conviction assets capable of weathering unpredictable economic conditions; Pruning — systematically cut away structural underperformers and high-risk investments every few years; Patience — give the strategy the required time, not disrupting the compounding process prematurely. You can shout at a seed all day, but it will still take its own time to bear fruit — wealth demands that exact same biological patience.

What do we do at MoneyVisors?

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Entire range of corporate insurance including Employee Insurances, Transit Insurances, Professional Liabilities, D&O, Fire Insurance, Project Insurances etc.