360 ONE WEALTH BSE
Directionally, flows will be very healthy for the rest of the year: Rakesh Rawal, Anand Rathi Wealth
Directionally, I think that the flows will be very healthy for the rest of the year, says Rakesh Rawal of Anand Rathi Wealth. The proportion of debt is coming down for us and the proportion of equity is going up. So, from 48% of our total mix of equity funds one year ago, we are closer to I think 52-54% now.
Ruchir Sharma joins Asset Allocation Committee of 360 One Wealth
Ruchir Sharma, the chairman of Rockefeller International and Founder & Chief Investment Officer of Breakout Capital, has joined the Asset Allocation Committee (AAC) of 360 ONE Wealth.
FY24 threw 12 multibagger stock ideas with consistent earnings growth. Which ones to chase?
FY24 featured 12 multibagger stocks with consistent earnings growth in sectors like autos, capital goods, PSUs, power, and infra sectors. Experts shared valuable insights for investors looking to capitalize on market opportunities.
360 One acquires ET Money for Rs 366 crore to enter wealth tech space
360 One Wealth and Asset Management acquires wealth tech platform ET Money for Rs 366 crore. The deal involves cash payment to Times Internet and issuing stocks to secure a stake in the wealth management firm. Times Internet, the parent of ET Money, will secure a stake in the wealth management firm and will remain invested in the space, the statement said.
UPI boosts RuPay market share; cost pressure for gaming firms
Happy Thursday! The integration of UPI with RuPay credit cards has pushed up new issuances but transaction growth hasn’t kept up. This and more in today's ETtech Morning Dispatch.
HDFC Small cap mutual fund is lagging behind the index and its peers sharply; what should investors do
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
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Modi magic! PSU stocks create Rs 7 lakh crore wealth this election season
During the election season, PSU stocks, also known as 'Modi stocks', surged in value by Rs 7 lakh crore as investors showed confidence in PM Narendra Modi's policies and leadership, especially in defence PSUs like Cochin Shipyard and Bharat Dynamics.
IIFL Securities to foray into wealth management
IIFL Securities' market capitalisation stood at ₹6,073 crore on Tuesday. In comparison, wealth management companies such as 360 One WAM, Nuvama Wealth Management, and Anand Rathi Wealth are valued at ₹28,535 crore, ₹17,913 crore, and ₹17,263 crore respectively.
India VIX may rise to 30 in run-up to election outcome on June 4. Should you worry?
India VIX may hit 30 mark before General Election outcome on June 4, experts predict. Recent surge in volatility attributed to election uncertainties. Market expected to remain volatile, with VIX likely to retreat post-election. Investors advised caution amidst heightened volatility.
Shahid Kapoor buys sea-view luxury apartment in Mumbai’s Worli for Rs 60.4 cr
The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Prior to this, Kapoor and his wife had purchased a duplex on the 42nd and 43rd floor of the same tower of the high-rise project for over Rs 58.57 crore in 2018.
360 ONE founder Karan Bhagat buys luxury apartments in Mumbai’s Worli for Rs 170 crore
Bhagat founded 360 ONE, formerly known as IIFL Wealth & Asset Management, along with his colleagues in 2008. The firm is currently among India's largest asset and wealth management firms with more than $56.3 billion assets under management. Bhagat’s team works with and for around 7,200 top families in India including industrialists; new age technology founders and professionals including leading CEOs, lawyers as well as sportspersons and artistes.
360 ONE Prime to raise Rs 500 crore through NCD, effective yields may go up to 9.8%
360 One Prime on Friday opened its second tranche of fund raising of Rs 500 crore through the issue of non-convertible debentures (NCD) which might effectively yield 9.2% to 9.86% p.a. The issue will be closed on June 6.
The Importance of Passive Investing to Achieve Your Wealth Goals
Gaurav Doshi, Principal Officer & Fund Manager at 360 ONE Wealth Open, advocates passive investing as crucial for long-term portfolios amidst the debate between Active and Passive strategies.
India stock market hits $5 trillion milestone fortnight ahead of Lok Sabha election results
D-Street joined the exclusive $5 trillion club for the first time ever, braving FII pullout. Investors were found to pile up on stocks in the broader market. In less than 6 months, the jump from Rs 4 trillion to Rs 5 trillion was achieved — a pace never before seen. On the global map, India is the fifth largest stock market behind only Hong Kong, Japan, China and the mother market of the US.
'Stock market rally' from June 4, predicts PM Modi: Should stock, mutual fund, gold investors tweak portfolios before Lok Sabha election results?
Lok Sabha election results 2024: Prime Minister Narendra Modi said that the stock market would have a rally once the election results are out. A few days back, Union Home Minister Amit Shah asked investors to buy the dip before June 4, 2024, as the market will shoot up after that. Now the question is what should investors do till the election results are out? Is it time to accumulate more stocks or avoid the volatility and play it safe? Find out here
Adani Enterprises, ONGC among 13 stocks on which Jefferies initiated coverage this year
Jefferies has initiated coverage on 13 Indian stocks in the calendar year 2024 so far, taking its total coverage universe to 188 with a combined market cap of US$3.4tr or 70% of India's listed market. The majority of the 13 covered stocks have been strong outperformers relative to the benchmark index. Here’s the list of 13 stocks in which Jefferies has initiated coverage:
Best aggressive hybrid mutual funds to invest in May 2024
As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volatility better. When the equity market is in turmoil, the debt part of the portfolio softens the blow. This helps new investors to continue with their investments without worrying too much about volatility.
Paytm market cap nears $2.5 billion as shares continue to tumble
When it was listed on the public bourses in 2021, Paytm was valued at nearly $20 billion.
Paytm stock slides after COO exit; India’s first microcontroller chip
Shares of Paytm parent One 97 Communications fell 5% on Monday after its president and chief operating officer Bhavesh Gupta resigned. More on this in today’s ETtech Top 5.
360 One shares jump 16% post Q4 results
The overall Assets Under Management (AUM) stood at Rs 4.7 lakh crore as of March 2024 while annual recurring revenue (ARR) AUM at approximately Rs 2.28 lakh crore, an increase of 36.3% year-on-year (YoY) And 3.2% QoQ.
Jefferies initiates coverage on 2 wealth management companies; stocks surge up to 5%
The global brokerage believes wealth managers are well-placed to ride on India's economic growth and financialization of savings, especially in capital markets. Leading players will benefit from strong inflows and operational efficiencies to deliver 20-22% profit CAGR over FY24-27E. A rise in the share of trail fees (70-75% by FY27E) improves earning visibility and supports valuation re-rating
Buy 360 One Wam, target price Rs 850: Motilal Oswal
360 One Wam Ltd. key Products/Revenue Segments include Fees & Commission Income for the year ending 31-Mar-2023.
Investment cycle, not quarterly earnings to drive volume growth going forward: Mayur Patel
Mayur Patel discusses the positive equity market outlook despite premium valuations. Short-term risk has increased in small and midcap space, leading to potential downside. BSE Sensex trading at 3.7x P/B with 18% premium. He says "quarterly earnings will not be very relevant in terms of evaluating the outlook of the market or the economy. "
360 One-backed NeoLiv raises Rs 300 cr as first close of maiden fund
NeoLiv raises Rs 300 crore for Inliv Real Estate Fund, targeting MMR, NCR, tier 2 cities. CEO Malhotra plans quick deployment. Strong interest from investors like family offices, UHNIs, CXOs noted.
Angel One to stop doing business in currency derivatives segment on BSE
Angel One is the largest listed retail stock broking house in India, in terms of active clients on the NSE. It provides broking and advisory services, margin funding and distribution of third-party financial products to its clients.
How to maximize wealth in the new tax regime, explains Sahil Kapoor, Sr. Executive VP at 360 ONE Wealth
Before April 2023, debt mutual funds and market-linked debentures were the go-to options for investors, offering tax efficiency and solid post-tax returns ranging from 7% to 8%.
Real estate consultancy firm Anarock raises Rs 200 crore from 360 one asset management
Anarock, a real estate consultancy firm, has secured Rs 200 crore funding from 360 one asset management limited. The funds will be used to enhance the company's tech infrastructure, accelerate expansion, and introduce new innovations. This investment will fuel further innovation and growth, helping Anarock maintain its leadership position in the industry. The capital will be used for faster business expansion and improving proprietary proptech platforms.
Non-banking lender 360 One Prime to raise Rs 1,000 cr from debt sale
Non-banking financial company 360 One Prime, formerly IIFL Wealth, on Monday said it will raise up to Rs 1,000 crore debt through its maiden public issue of secured, redeemable, Non-Convertible Debentures (NCDs).
360 ONE Wealth ropes in Satheesh Krishnamurthy to head HNI business
Prior to joining 360 ONE Wealth, Krishnamurthy was associated with Axis Bank and played a pivotal role in launching the brands of the bank and private banking clients.
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