MF Update: Mutual Fund Standing Instructions for SWP/STP Extended to Demat Holdings
SEBI has proposed extending the facility of standing instructions for Systematic Withdrawal Plans (SWP) and Systematic Transfer Plans (STP) to mutual fund units held in dematerialized (demat) form. Currently available only for holdings in statement of account (SoA) mode.
Regulatory Update: SEBI Streamlines Transmission of Mutual Fund Units
SEBI has streamlined the transmission of securities, including mutual fund units, to legal heirs upon an investor’s death. Key measures include a new Quick Transmission Processing (QTP) route for small claims (up to Rs 10,000 physical / Rs 30,000 demat), doubled documentation thresholds (Rs 10 lakh physical / Rs 30 lakh demat), elimination of mandatory PAN and probate in many cases, and acceptance of QR-coded death certificates.
Economy Update: Direct Tax Collections Rise 16.4% in Early FY27
Direct tax collections grew 16.4% year-on-year to Rs 6.51 lakh crore from April 1 to July 13, 2026, exceeding budget expectations; STT receipts jumped 48%. This indicates robust economic activity and compliance.
Results Update: HCLTech Reports Steady Q1 Performance
HCL Technologies (Nifty 100) posted Q1 FY27 results with sequential revenue growth and margin improvements; deal wins remained healthy. This provides positive momentum for the IT sector amid the broader earnings season.
| Particulars | Price as on 17th July’ 2026 | Price as on 10th July’ 2026 | Change % |
|---|---|---|---|
| S&P BSE Sensex | 78,151.45 | 77,569.39 | 0.75% ⬆ |
| Nifty 50 | 24,334.30 | 24,206.90 | 0.53% ⬆ |
| Nasdaq | 25,520.24 | 26,281.61 | -2.90% ⬇ |
| Gold 999 (10 Gms) | ₹ 1,41,159 | ₹ 1,43,368 | -1.54% ⬇ |
| Silver 999 (1 Kg) | ₹ 2,15,474 | ₹ 2,20,390 | -2.23% ⬇ |
| Crude Oil | $ 81.74 | $ 71.44 | 14.42% ⬆ |
| USD INR | ₹ 96.2800 | ₹ 95.3250 | -1.00% ⬇ |