June 2025 is set to bring some notable shifts in the financial landscape. Key updates include revised MF deals cut-off timings, a possible interest rate cut by the Reserve Bank of India (RBI), and important credit card changes from Axis Bank and Kotak Mahindra Bank. These changes will impact investors and everyday users alike.
What’s Changing in MF Deals?
Starting June 1, the Securities and Exchange Board of India (SEBI) has revised the cut-off timings for overnight mutual fund transactions. Now, if you apply for an overnight fund before 3 PM, you get the previous day’s NAV (Net Asset Value). Applications after 3 PM will get the next business day’s NAV. Online applications get a later cut-off of 7 PM.
Why does this matter? If you’re dealing with short-term mutual funds, the timing determines your investment value. This change helps improve fund management efficiency and brings India closer to global mutual fund practices.
RBI May Cut Rates Again
The RBI has already trimmed the repo rate twice this year, and experts expect a third 25 basis point cut on June 6. This is good news for borrowers because home loan interest linked to the repo rate should get cheaper—although some private banks haven’t passed on full benefits to new borrowers yet.
For those with loans, this could mean a smaller EMIs soon. And for the overall economy, a rate cut might kickstart more growth and spending.
Also Read Bond Yields Hold Steady Despite RBI Surplus Letdown and Rate Cut Bets
Credit Card Changes: Axis Bank and Kotak Mahindra Bank
June also marks changes in credit card terms by two major banks. Axis Bank will revise rewards on popular cards like Magnus and Flipkart starting June 20. Some perks are getting trimmed (like cashback caps), while others see upgrades. For example, Flipkart card cashback on Myntra jumps to 7.5%, but with a quarterly cap of Rs 4,000, replacing the earlier unlimited monthly cashback.
Kotak Mahindra Bank isn’t far behind. From June 1, it cuts rewards, reduces cashback redemption values, and raises some fees. Interest rates on cards rise from 3.5% to 3.75% per month. They’ve also added fees on certain transactions like education payments and wallet loads.
If you invest in overnight mutual funds, pay close attention to the new cut-off timings for MF deals to avoid surprises in NAV calculation.
If you have loans linked to the repo rate, keep an eye out for potential interest rate reductions—but check if your bank passes them fully. And for credit card users, June means recalculating the value of rewards and fees, so review your spending and card choice carefully.
A quick reminder—June 15 is the last date for your first advance tax installment if you owe more than Rs 10,000. Also, the deadline for filing your income tax return has been extended to September 15, but starting your paperwork in June is a smart move to avoid last-minute stress.
Also Read Fin Min Urges RBI to Shield Small Borrowers in Gold Loan Norms, Rollout From 2026
