India’s gold exchange-traded funds (ETFs) saw net inflows of $233...
Category:
Wealth Management/ Philanthropy
Latest
Amid rising HNIs, wealth management firms in India to grow 20%+ over next 3 years: Jefferies
The report also noted that the high-net-worth individual (HNI)...
Equity MF inflows decline 25% MoM in Aug’25; NFO activity slows sharply: JM Financial
The sharp fall was largely attributed to a weaker new fund offering...
Equity mutual funds attract Rs 22,633 cr in March; SIP hit fresh high at Rs 19,187 cr
Systematic Investment Plan (SIP) monthly inflow rose to a fresh high of Rs 19,270 crore during the month under review from Rs 19,187 crore in February. Total SIP contribution stood at Rs 2 lakh crore, an uptick of 28 per cent over the previous year NEW DELHI: Equity...
Mcap of BSE-listed firms hit Rs 400 trn milestone after rally in equities
"Indian markets are benefiting from domestic flows, a strong macro and expectation of policy continuity with a focus on infrastructure buildout, import substitution and export promotion. Foreign flows are expected to turn positive and accelerate in the second half of...
Sebi cracks down on finfluencer, orders to impound Rs 12 cr ‘unlawful gain’
In its interim order issued on Friday, the regulator noted Ravindra Bharti Education Institute was involved in imparting advice relating to investing in, purchasing, selling or otherwise dealing with insecurities or investment products in lieu of consideration....
Sanlam Life Insurance sells over 59 lakh shares of Shriram Finance for Rs 1,427 crore
According to the block deal data available with the National Stock Exchange (NSE), Sanlam Life Insurance Ltd sold 59.80 lakh shares, amounting to a 1.6 per cent stake of the company Mumbai: Sanlam Life Insurance -- one of the promoters of Shriram Finance -- on...
Markets exit FY24 with smart returns; investors become richer by Rs 128.77 lakh cr
''India's stock market showcased remarkable resilience throughout FY24, defying initial projections of a downturn triggered by inflationary concerns, escalating interest rates, and apprehensions of a looming global recession. Even geopolitical tensions only caused...
Mumbai overtakes Beijing to become Asia’s new billionaire capital
Leading the Indian billionaire list is Mukesh Ambani, the chairman of Reliance Industries, with a staggering net worth of $115 billion. Closely following is Gautam Adani, the founder of the Adani Group energy conglomerate, with assets valued at $86 billion, marking a...
FPIs injects over Rs 40,000 cr in Indian equities on strong economic growth
The inflows came following a modest investment of Rs 1,539 crore in February and an outflow of Rs 25,743 crore in January, data with the depositories snowed New Delhi: FPIs came back strongly to invest in the Indian equity markets, buying shares worth Rs 40,710 crore...
Equity MFs inflow nears 2-yr high at Rs 26,866 cr in Feb on strong NFO push
''As we delve into the Feb 2024 data, we observe that there is a surge in SIP accounts, totalling 8.20 crore with 49.79 lakh new SIP registrations. This underscores investors' unwavering commitment to disciplined wealth accumulation,'' Venkat Chalasani, Chief...
India to grow at 6.8 pc in FY’25, to become upper middle-income country by 2031
"A projected average expansion of 6.7 per cent in this period will make India the third-largest economy in the world and lift per capita income to the upper-middle income category by 2031," Crisil said.India, with a GDP size of USD 3.6 trillion, is currently the fifth...
Jeff Bezos overtakes Elon Musk as world’s richest person
Jeff Bezos, executive chairman, Amazon Elon Musk’s net worth is down $31.3 billion in the last year while Bezos net worth is up $23.4 billion New Delhi: Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per...