An increasing gold price is driving this demand. A higher price means a greater amount of credit available to the customer, Muthoot Finance managing director George Alexander Muthoot said. For the Kerala-based NBFC, HNIs account for nearly 12% of its customers.
Indian individuals can send money overseas through the Liberalised Remittance Scheme (LRS). Under the scheme, an individual can send a maximum of $250,000 to an overseas jurisdiction in a year.
The fund has achieved the first close with investments from family offices, high networth individuals (HNIs) and non-resident Indians (NRIs). The fund will be investing primarily in mid-to-late stage technology-enabled companies with scaleable business models and a favourable risk-return profile. The sector-agnostic fund will be investing in companies catering to latent demands with multiyear growth potential and differentiated business model.
The fund has achieved the first close with investments from family offices, high networth individuals (HNIs) and non-resident Indians (NRIs). The fund will be investing primarily in mid-to-late stage technology-enabled companies with scaleable business models and a favourable risk-return profile. The sector-agnostic fund will be investing in companies catering to latent demands with multiyear growth potential and differentiated business model.
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