Wealth Management

India's richest 1% corner 73% of wealth generation: Survey

Indian News       Jan 22, 2018

DAVOS: The richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality.    Besides, 67 crore Indians comprising the population's poorest half saw their...

Equity MFs inflow at record Rs 1.3 lakh crore in 2017

Data       Jan 07, 2018

NEW DELHI: Investors pumped in a record Rs 1.3 lakh crore in equity mutual funds in 2017 on the back of low bank deposit rates and lacklustre performance of gold and real estate.  The strong inflows pushed the asset base of equity MFs to Rs...

India gold imports surge 67 pct in 2017 on restocking, retail demand -GFMS

Data       Jan 02, 2018

  India’s gold imports surged 67 percent in 2017 from the previous year to 855 tonnes as jewellers replenished inventory amid a rebound in retail demand, provisional data from precious metals consultancy GFMS showed.   The rebound in purchases by India, the world’s second-biggest consumer of gold...

Global equity issuance up from 2016 slump, bankers see further rise in 2018

Data       Jan 02, 2018

London: Global equity raising rose by almost a fifth in 2017 and bankers expect issuance to increase further in 2018 as the improving global economy and buoyant stock markets drive larger flotations and rights issues to finance acquisitions.   Companies raised $780.2 billion in equity in...

CEOs in U.S., India Earn the Most Compared With Average Workers

Facts       Dec 28, 2017

  Chief executive officers in the U.S. are paid much better than their peers abroad, and the gap between their compensation and that of average American workers is wider than in other countries.   CEOs of the biggest publicly traded U.S. companies averaged $14.3 million in annual...

Investors rush to mutual funds; asset base grows over Rs 6 lakh crore

Indian News       Dec 25, 2017

NEW DELHI: In a big surge, mutual funds have added over Rs 6 lakh crore to their asset base in 2017 and the uptrend is likely to continue in the new year, helped by a spirited promotion campaign by the industry and post- demonetisation resurgence...

Alternative assets industry in India worth $43 billion: Preqin report

Articles       Dec 20, 2017

NEW DELHI:  The alternative assets industry in India is worth USD 43 billion across private equity, venture capital, real estate, infrastructure, private debt and hedge funds, says a report.   With 221 private capital fund managers and 46 hedge fund managers based in the country, the...

MF folio count rises 95 lakh in 8 months to record 6.5-cr

Indian News       Dec 17, 2017

New Delhi: Enthused by strong participation from retail investors, the number of mutual fund folios has grown by over 95 lakh in the first eight months of the current fiscal to an all-time high of 6.5 crore at November-end 2017.   Folios are numbers designated to...

FRDI contemplating increase in deposit insurance cover: SBI Report

Indian News       Dec 14, 2017

Mumbai: Amid concerns being raised on bank deposits under the draft FRDI Bill, an SBI research report today said the proposed law is contemplating an increase in deposit insurance coverage from the current Rs 1 lakh.   The proposed 'bail-in' clause in the draft Financial Resolution...

Equities lead the charge for wealth creation: Karvy’s India Wealth Report 2017

Articles       Dec 12, 2017

Mumbai: In FY17, total wealth held by individuals in India grew by 11% to Rs 344 lakh crore on the back of stellar performance of direct equity asset class.   According to the Karvy’s India Wealth Report 2017, the wealth held in financial assets by Indian...

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