Page 2 - Wealth Management

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

In this episode of Manager’s Mantra, Harsh Gahlaut, Founder & CEO of FinEdge, shares expert advice on launching businesses, managing global teams, and mastering personal finance.

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

Bain-Backed 360 One's Co-CEO Taparia to depart amid wealth management boom

360 One confirmed Taparia's departure, saying he tendered his resignation last month and a smooth transition is underway

Axis Bank expands wealth management services across 15 new cities

Axis Bank on Monday said its private banking business Burgundy Private will expand its wealth management services to 15 new cities, increasing its presence to 42 locations across India. With this strategic move, Burgundy Private will now offer its bespoke wealth management services tailored to the unique needs of discerning clients in India's rapidly evolving Tier 2 markets, Axis Bank said in a statement. The new locations, to start with, include Bhubaneswar, Patna, Raipur, Agra, Ghaziabad, Jodhpur, Udaipur, Jalandhar, Meerut, Belgaum, Kozhikode, Thiruvananthapuram, Aurangabad, Nagpur, and Gandhidham, it said. By leveraging its expertise, technology, and data analytics, Burgundy Private aims to deliver personalised solutions that meet the evolving expectations of affluent clients in these emerging geographies, it said. Burgundy Private has an AUM of nearly Rs 2.07 trillion, a 33 per cent increase YoY, and currently manages wealth for over 13,000 families across 27 cities.

Sanlam eyes India wealth management after BlackRock, Jio join contest

Insurer plans to build out its partnership with Shriram Capital Group in India by adding an equal joint venture covering wealth and advice services, doubling down on an initial 2005 investment

How B-schools can shape your career in finance

In this episode of Manager's Mantra, we are joined by Mr. Vishal Bajaj, CA, CS, and MBA, who is the Director - Wealth at Client Associates, a leading wealth management firm.

Edelweiss founders divest stake in Nuvama Wealth Management after demerger

Nuvama Wealth Management was listed on the BSE and NSE in September 2023, following the demerger of Edelweiss Financial Services' wealth management business

HDFC Bank taps retail bankers as wealth managers amid talent crunch

Mumbai-based HDFC's wealth business has about 800 relationship managers serving customers in about 100 cities and towns