Wealth Management

Nuvama Wealth Management Q4 results: Net profit rises 41% to Rs 255 crore

Nuvama Wealth Management on Thursday reported a 41 per cent growth in net profit to Rs 255 crore for the fourth quarter ended March 2025. The wealth management firm earned a profit after tax of Rs 181 crore in the March quarter of 2023-24. Its total income rose to Rs 1,125 crore during the March quarter from Rs 929 crore in the corresponding quarter of FY24. For the full 2024-25 fiscal, Nuvama Wealth reported a 58 per cent growth in net profit to Rs 985 crore. In FY24, it had a profit of Rs 625 crore. Nuvama Group MD & CEO Ashish Kehair said in the Wealth Management business, the company saw strong momentum in net flows. "We continued to invest substantially for growth, we added sales capacity and expanded our geographical reach, including offshore. We further strengthened our digital infrastructure, including integration of AI tools to serve our clients better," Kehair said. The company's board has announced an interim dividend of Rs 69 per equity share of the face value of Rs 1

Cushman-Nuvama JV to deploy ₹3,000 cr in 'offices of the future'

Jain explained that the GCCs' increased leasing in India has to do with the quality of talent, skill availability, and the possible cost arbitrage in India

Groww to acquire PayU-backed Fisdom in $150 mn wealth management push

Groww to acquire Fisdom for $150 million as part of its wealth management expansion; the IPO-bound firm also plans to raise funds from Singapore-based GIC

Skill Up, Cash In: Investment Hacks for India’s Next Gen MBAs

Ionic Wealth plans expansion in tier-2,3 cities to target HNIs: CEO

Ionic Wealth, a wealth management firm, is aiming to expand into tier-two and tier-three cities, where high-net-worth individuals (HNIs) are shifting from traditional savings instruments to financial assets, its top official said. This strategic focus reflects a broader trend among HNIs in emerging regions who are increasingly looking for more sophisticated financial solutions. "We believe there is immense potential in Tier 2 and 3 cities, where HNIs are moving from traditional savings to financial assets, spurred by strong market performance during and after the pandemic. These investors are now accessing everything from simpler products like stocks and mutual funds to sophisticated solutions such as PMS and AIFs," Srikanth Subramanian, who is co-founder and CEO at Ionic Wealth (By Angel One) told PTI in an interaction. Recognizing the gap in these underserved markets, Ionic Wealth is focusing on a robust hybrid model combining technology with human advisory. This approach aims to

UBS to sell wealth management biz to 360 One, to take 4.95% stake in it

360 ONE Wealth and Asset Management Ltd (360 ONE) on Tuesday said it proposes to acquire wealth management business of UBS India. Under the proposed deal, Switzerland-headquartered UBS India will pick up a 4.95 per cent stake in 360 ONE through warrants, according to an exchange filing. As part of this collaboration, it is proposed that clients from both institutions will have access to onshore and offshore wealth management solutions, 360 One said in a regulatory filing. Potential collaborative opportunities for asset management products and investment banking services will also be explored, it said. In addition, 360 ONE will acquire UBS's onshore wealth management business in India through its subsidiaries, it said. UBS will also purchase warrants amounting to 4.95 per cent stake in 360 ONE, demonstrating UBS's commitment to the fast-growing ultra and high-net-worth Indian market, it said. The entire transaction will be subject to the necessary regulatory approvals, it added.

Corrections help adjust stretched equity valuations: Oisharya Das

Business sentiment has been impacted by global uncertainties and a minor macro slowdown in India

How goal-based investments are taking a front seat in wealth management

Based on the identified goals and risk profiles, investors can construct diversified portfolios that optimise returns while minimising risks associated with each specific goal

Coca-Cola bottler Ladhani Group's SLMG Beverages eyes overseas expansion

Ladhani Group-owned company plans to double its revenue to Rs 20,000 crore by FY31

Equity firm PAG considering sale of $1.2 billion stake in India's Nuvama

Blackstone Inc.-backed PAG is working with financial advisers on a strategic review of its more than 54 per cent stake in the Indian wealth manager

Stocks of listed brokers, asset managers dip up to 70% amid market crash

Fortunes of stock brokers and asset managers, analysts suggest, are directly linked with how the primary and secondary markets play out.

Significant Indian names join DIFC in 2024 as centre marks its 20th year

As the Dubai International Financial Centre (DIFC) continues to bolster Dubai's position in the Middle East, Africa and South Asia (MEASA) region's financial services capital during its 20th year, a significant list of Indian names has been joining the bandwagon. Significant Indian company names added this year include ASK Asset & Wealth Management Group (Wealth Management), AI/tech unicorn, Nagarro. According to a statement released here on Tuesday, Middle East & Asian countries contributed the highest (51 per cent) for DIFC's growth in 2024. Indian companies under financial services include Bharat Re Global Ltd, El Dorado Capital Ltd, Beacon Insurance Brokers, Fort Capital, Mahindra Insurance Brokers, and Nuvama Wealth and Investment Ltd. DIFC houses 6,920 companies, up from 5,523 in 2023, registering a 25 per cent increase. DIFC attracted 1,823 new registrations, the highest-ever number recorded in a year, showcasing historic growth of 25 per cent. Combined revenues for ...

Standard Chartered chief Winters to visit India amid rising wealth focus

The trip comes as StanChart is scheduled to start its global wealth campaign in India, and Winters is scheduled to meet key clients, a spokesman said in response to emailed questions on Monday

NAV Capital launches India-focused AIF fund, aims to raise Rs 500 cr

Dubai-based wealth management advisory firm NAV Capital on Wednesday announced the launch of its first India-focussed close-ended AIF Fund (Category 2) and plans to raise Rs 500 crore in the first round. NAV Capital is a category 3A entity regulated by the Dubai Financial Services Authority (DFSA). The new fund will primarily look for investment opportunities in the pre-IPO stage of companies in the high-growth sectors and small and medium enterprises (SMEs) with high-growth potential prospects. "NAV Capital plans to raise Rs 500 crore in the first round, which will be deployed over 18 months. Of the total corpus, the fund plans to allocate a minimum of 51 per cent capital in unlisted companies and up to 49 per cent in the listed space," it said in a statement. NAV Capital said the fund will be sector-agnostic, focusing on companies in banking and financial services, consumer goods and retail, chemicals and materials, technology and innovation, and infrastructure and logistics. Wit

Bain Capital backed 360 One WAM to acquire B-K Securities for $205 million

The number of individuals with more than $30 million of assets is expected to grow by 50% between 2023 and 2028, according to a Knight Frank wealth report

Nomura hires Sudhir Nemali as international wealth chief operating officer

Nemali, who has over three decades of wealth management experience, is joining from Deutsche Bank, where he was most recently the chief operating officer for wealth management

Key Financial Planning Tips Before Starting Your Career

DAM Capital IPO receives 6.98 times subscription on Day 2 of offer

The initial public offer of investment bank DAM Capital Advisors Ltd received 6.98 times subscription on the second day of share sale on Friday. The IPO got bids for 14,52,54,503 shares against 2,08,04,632 shares on offer, as per data available with the NSE. Non-Institutional Investors part received 11.49 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 8.96 times. Qualified Institutional Buyers (QIBs) garnered 7 per cent subscription. The initial share sale of DAM Capital Advisors Ltd got fully subscribed hours after opening for bidding on Thursday. DAM Capital Advisors on Wednesday said it has raised Rs 251 crore from anchor investors. The initial share sale, with a price band of Rs 269-283 per share, will conclude on December 23. The IPO is solely an offer for sale (OFS) of 2.97 crore equity shares worth Rs 840.25 crore, by a promoter and investors at the upper end of the price band. Those selling shares in the OFS are promoter Dharm

BoI to attract high net-worth individuals to counter deposit woes: CEO & MD

Open to joint venture or inorganic acquisition of mutual fund unit

360 One Wam launches 22.2 million new shares worth Rs 2,250 crore via QIP

The QIP will lead to dilution of 6.1 per cent of pre-issue outstanding equity capital