Wealth Management
Mutual funds log Rs 1.4 lakh crore inflows in November
Mumbai: Investors pumped in over Rs 1.4 lakh crore into various mutual fund schemes in November, with liquid schemes accounting for most of the inflows. With the latest inflow, the total infusion in mutual fund (MF) schemes reached about Rs 2.23 crore in the first...
Equity to stay among outperforming assets for 3-5 yrs: Report
Mumbai: Indian markets may be swayed by the unfolding political scenario and global cues in the near-term, but the volatility will present an opportunity for portfolio managers to build positions and prepare themselves for the next three-five years, according to a report. According to an...
Individual wealth touches Rs 392 lakh cr, up 14%, Insurance investment at 3rd rank in FY2018: Report
Mumbai: The total wealth held by individuals in the country is expected to touch Rs 517.88 lakh crore by FY23, growing at an annual rate of 16.99 percent, according to a report. Direct equity and mutual funds are expected to be the growth drivers of...
Citi eyes bigger pie of wealth management in India
Mumbai: American lender Citi said it is eyeing a greater pie of the Indian wealth management business, concentrating both on the domestic opportunity as well as non-resident Indians (NRIs). It has made two senior level appointments in pursuit of this in its private bank vertical,...
India recorded highest average real wage growth in South Asia during 2008-17: ILO report
Geneva: India recorded the highest average real wage growth in South Asia during 2008–17, according to a report by the International Labour Organisation (ILO). Reflecting more rapid economic growth than in other regions, workers in Asia and the Pacific have enjoyed the highest real wage...
UAE seeks rich, educated foreigners with long-term visa scheme
The United Arab Emirates will offer long-term visas to rich property investors, senior scientists and entrepreneurs in an effort to support its economy and real estate market, which have been hurt by low oil prices. Until now, visas for foreigners to live in the Arab...
MFs add 7.7 mn accounts in Apr-Oct, take total to all-time high of 80 mn
New Delhi: Growing investors' interest in mutual fund has led to an addition of nearly 7.7 million new folios in the first seven months of the current fiscal, taking the total to an all-time high of around 80 million at the end of October. This...
More Indians leaving India as India becomes wealthier
As India has become wealthier, more of its citizens are leaving its shores. An estimated 17 million Indians were living abroad in 2017, making India the largest source country for international migrants globally, up from seven million in 1990 and a 143% increase, according to...
India tops as Asia's most investment savvy economy: StanChart
India is Asia's most investment savvy economy and more than two-thirds of the country's affluent class prefer to use various investment products to achieve their financial goals and greater social mobility, says a study. According to a new Standard Chartered study of 11,000 emerging affluent...
Number of crorepatis has risen by 60% to 140,000 in last four years: CBDT
New Delhi: The number of taxpayers earning above Rs 1 crore per annum has risen to over 1.40 lakh in the country in the last four years, depicting a growth of about 60 per cent, the Central Board of Direct Taxes (CBDT) said Monday. Releasing...
