Wealth Management

Number of ultra rich falls to 2.56 lakh in 2018 from 2.63 lakh: Report

Indian News       Oct 17, 2019

  Mumbai: High networth individuals have seen their wealth growth slowing down in 2018 to 9.62 percent from 13.45 percent a year ago, while their number has de- grown, says a report.   High networth individuals are those with an investible surplus of over USD 1 million,...

Big bet on SIPs: MFs garner over Rs 49,000-cr in first six months of FY20

Indian News       Oct 13, 2019

New Delhi: Retail investors are preferring the SIP option for investing in mutual funds, as the industry garnered more than Rs 49,000 crore through this route in the first six months of the current fiscal, up 11 per cent from the year-ago period. A total...

Hiroshi Shimizu, president, Nippon Life Insurance Company

Nippon Life Insurance looks for M&A in Indian life insurance and MF biz

Indian News       Oct 07, 2019

  Mumbai: After raising its stake to 75 pe cent in the Reliance Mutual Fund, Nippon Life Insurance, Japan’s largest Life Insurance company and a global financial services conglomerate today announced the rebranding of the company as Nippon India Mutual Fund and integration of the company...

IPOs emerge as cash cow for investors in 2019, 70% trade above issue price

Facts       Oct 06, 2019

  New Delhi: The primary market has emerged as the cash cow for investors in 2019, amid high volatility in the secondary market, as 70 per cent of the new entrants are trading well above their issue prices, giving returns of up to 95 per cent...

Mukesh Ambani richest Indian with net worth of Rs 3,80,700 crore: Report

Facts       Sep 25, 2019

  Mumbai: Reliance IndustriesNSE 0.07 %' Chairman Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year, with a net worth of Rs 3,80,700 crore, according to the latest IIFL Wealth Hurun India Rich List. London-based SP Hinduja & family, with assets...

Small towns account for 15.3% of MF asset base, Maharashtra biggest contributor

Indian News       Sep 17, 2019

  Mumbai: Small towns or B30 cities contributed 15.3 per cent to mutual fund industry's assets under management of Rs 25.64 lakh crore as of August-end, and Maharashtra remained the biggest contributor to the assets base. Over the past few years, markets regulator Sebi has been...

Mutual funds collection via SIP up 7.5% to Rs 8,231 cr in August

Indian News       Sep 16, 2019

Mumbai: The mutual fund industry managed to garner Rs 8,231 crore through systematic investment plans (SIPs) in August, a rise of 7.5 per cent from the year-ago period, despite volatility in equity market.   With this, total SIP contribution in the first five months of the...

Mutual funds add around 5 lakh folios in August, total tally reaches to 8.53cr

Indian News       Sep 12, 2019

Mumbai: The mutual fund industry has added around 5 lakh investors' account in August, taking the total tally to 8.53 crore, amid volatile market conditions. In comparison, the industry had added 10.29 lakh new folios in July.   Folios are numbers designated to individual investor accounts....

Sensex suffers its biggest fall of this year,Investors lose Rs 2.55 trillion

Indian News       Sep 03, 2019

  Mumbai: Investor wealth dropped Rs 2.55 trillion on Tuesday following a sharp plunge in the equity market as investor sentiment went for a toss amid concerns related to economic crisis and trade issues.   The BSE benchmark Sensex tumbled 769.88 points, or 2.06 per cent, to...

HNIs in India spend most on art, prefer investing in the UK; like Old Monk

Facts       Aug 30, 2019

  New Delhi: While real estate and stock market are the most preferred personal investments for high-net-worth Indians (HNIs), the most popular Indian liquor brand for them is Old Monk, a new Hurun India report said on Thursday.   The UK is the most preferred overseas investment...

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