Crorepati goals: I recently turned 34 years old and updated my financial numbers as of December 31, 2024. My wife, who is 32 years old, and I have reached a portfolio value of over 55 Lakhs. Here is the breakdown: Mutual Funds: Rs 19 Lakhs Stocks: Rs 19.75 Lakhs Provident Fund: Rs 12.25 Lakhs National Pension … Read more
The Navigating the Future of Wealth Report 2024, released by global migration platform Multipolitan, has predicted a major shift in global wealth as millennials inherit trillions from older generations and embrace new investment strategies. The report has highlighted how this generational wealth transfer will impact investment trends and wealth management. The report estimates that by … Read more
“The key drivers have been increased in number of clients, increased per client AUM, increase in overall AUM, and increase in the relationship managers, the team size. So, all these factors have contributed to the growth which we have been able to achieve in the last quarter,” says Anand Rathi, Anand Rathi Group.What have been … Read more
India’s wealth management industry is entering a pivotal phase, with current assets under management (AUM) estimated between $1-1.2 trillion. As India accelerates its trajectory as the fastest-growing economy coupled with a dynamic investment landscape, the Indian wealth management industry is poised for sufficient expansion. This growth is underpinned by the ‘Triple Multiplier Effect’ – the … Read more
Rakesh Rawal, CEO, Anand Rathi Wealth, says it is easier to get flows when market sentiment is backed by investor confidence. When there is a little bit of turmoil, then more efforts are needed to build confidence and the past has shown that extra efforts do not change the direction of flows. So, yes, if … Read more
Domestic equities saw a sharp rally from the start of FY24 with Nifty crossing the 20k mark supported by strong macros and upbeat earning growth. This is also reflected in the revival of the number of active users on NSE which increased for the second consecutive month to 32.7m in Aug’23 from 31.9m in Jul’23. … Read more
With the start of the new financial year, a slew of regulatory changes will impact your investments across equity markets, mutual funds and other schemes. Here’s a guide on what changes for investors in FY24. STT hikeIn a surprise move during the Parliament session, the union government has proposed to increase Securities Transaction Tax (STT) … Read more
SINGAPORE: Nomura, Asia’s global investment bank, on Thursday said it has appointed Indian-origin Ravi Raju as Head of International Wealth Management. In this newly created role, Raju will be responsible for expanding Nomura’s wealth management business in Asia ex-Japan as the firm taps into the growing ranks of wealthy individuals in the region, the firm … Read more
NEW DELHI: India is at the fag end of the interest rate cut cycle, but the era of 10-12 per cent interest rates on fixed deposits is never going to come again. That was the message from Amitabh Chaudhry, MD and CEO of Axis Bank on Thursday. In order to cushion the impact of Covid-19, … Read more