GLOBAL WEALTH ADVISORY
Seven things NRIs should keep in mind when choosing a wealth manager back in India
NRIs remain a key segment for wealth managers due to India's growing economy and attractive investment opportunities. Wealth managers must offer robust products and services, hold proper licensing, provide knowledgeable relationship managers, have dedicated NRI service desks, a physical presence in NRI corridors, advanced digital infrastructure, and organize informative webinars and seminars for NRIs to ensure optimal returns and financial security.
Need to have one, strong brand or big market size: 4 midcap stocks with right levels of RoE and upside potential of up to 21%
In all market conditions investing in mid-cap stocks is always a challenge for any investor. This challenge gets much bigger when the valuations are extremely high but at the same time the market is in a strong bullish trend. A choice has to be made between taking risk or losing the opportunity of making returns in a short period of time. In such times, it would be better that investors should be cautious in selecting the stocks, better to go with buying in smaller quantities and keep some cash allocated for the stocks, but only to be used on the day when there is absolutely chaos on the street. Why this strategy is likely to work, because it will take care of volatility which is bound to happen when valuations are not on the side of bulls. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Women are taking stock: As more women enter the high-net-worth category, their investment choices are also changing
Deepika Gehani, the cofounder of Genesis Luxury, represents the trend of affluent Indian women shifting towards equity investments. Nupur Garg, founder of Winpe, shares a similar sentiment on increasing risk appetite with growing wealth. The survey by Waterfield Advisors highlights women's interest in equity investments, with a focus on financial literacy emphasized by Priti Rathi Gupta. Anuj Kapoor from JM Financial Services notes the active role of female UHNIs in wealth management, while Devna Shah and Suhasini Sampath provide insights on equity and real estate investments.
Julius Baer targets rich Indians in Dubai with UBS, JPMorgan hires
Julius Baer Group Ltd. hired senior bankers from UBS Group AG and JPMorgan Chase & Co. to strengthen its business serving wealthy Indians in Dubai.
Own midcaps? Do a check & balance exercise to avoid decision of haste: 7 midcaps from different sectors with an upside potential of upto 49%
Every now and then the market goes through phases, where it prefers a certain set of stocks, not based on sector but based on the overall market cap. So, sometimes it is large caps, at other mid-caps. Now this partially happens, due to the flows which are coming to markets. For example, if more flows are coming to mid-cap or multicap schemes there is bound to be out performance in the mid-cap space. Now what it does is that it tends to create a sudden surge in mid-cap. Similarly when there is an outflow like the kind of one which we saw in March this year, midcap stocks tend to decline sharply. Essentially, it is the flows which impact the broader matrix of how midcaps behave. So there are phases not owning a midcap stocks appeared to sin and then there phase, where owning them appears to be sin. But if one focuses on the underlying business and some critical parameters, there is a possibility of getting rid of these phases of anxiety which keep coming to the street and create long term wealth.
Bearing the brunt today, but good for long term: 6 stocks with pedigree from the financial services sector with upside potential of up to 28%
One of the best and probably also the worst part of the presentation of return performance of any stocks or for that matter any asset class is a small change in the date for the calculation and one can show whether the glass is half full or half empty. Probably this is happening with the financial service stocks. In the recent past a number of times they have been shown as under performers. But what is being omitted is the fact that over the long term these are stocks which have delivered very good returns and generated wealth. The reason for their short term underperformance is the fact that these stocks are over owned by FPI and because they are sellers in Indian equities these stocks have been facing pressure. But on a relative basis, the pressure in stock prices is far less as compared to what earlier such selling episodes used to bring. Given the fact that fundamentally these stocks are on strong footing as compared to what they were a few years back, it is better to have a look at them with a long term perspective.
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Aadhar Housing Finance shares see a tepid debut. Should you exit?
Contrary to the debut of TBO Tek, the listing of Aadhar Housing Finance was flat, falling short of expectations. The grey market trends signalled a gain of around 15-20% for investors.
Aadhar Housing Finance stock makes D-Street debut on flat note
Aadhar Housing Finance debuts on BSE at Rs 314.3 post a successful IPO. Leading in low-income housing finance, it has highest AUM, faces market volatility challenges, and raised funds for future lending needs through fresh equity issue and OFS post DHFL Vysya merger.
Aadhar Housing Finance stock to list on Wednesday. Here's what GMP suggests
Aadhar Housing Finance IPO consisted of fresh equity issue worth up to Rs 1,000 crore and OFS of up to Rs 2,000 crore. It was booked nearly 26 times at close. Its GMP indicates a listing gain of around 15%.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
Just because the nifty has been trading in the red for the last few trading sessions, the word correction might be heard on the street. but the fact is that for the last many weeks, there has been a correction which has been taking place on the street. It is a sectoral correction which is taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. Though for all this will hold true only with a condition of policy continuity after elections. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
What is in store for the next few quarters for Tata Motors? Devang Mehta answers
Devang Mehta discusses Tata Motors' stock being fully priced in amid global demand slowdown, Zomato's strong management but low margins, UPL's recent surge, and sector rotation. He also analyzes potential corrections and new investor opportunities in the market. Mehta says: "A lot of companies are now fully priced in and there will be some correction if you disappoint a little bit or if even the sector disappoints a bit."
IIM Shillong placements recorded highest CTC of Rs 71.50 lakh
IIM Shillong's 2022-24 batch achieved a highest CTC of Rs 71.50 lakh per annum, with significant improvements in placements across various domains. The institute's focus on excellence and quality education reflects in the lucrative job offers received.
ETMarkets Smart Talk: Next 30 days can see a bit of increased volatility as politics takes centrestage: Devang Mehta
Devang Mehta discusses the positive macroeconomic outlook for India, the impact of global trends on the market, and the growth potential in sectors like energy, renewable energy, and EVs, emphasizing the importance of fundamental analysis in IPO decisions. Mehta also says the next 30 days can see a bit of increased volatility as politics take the centrestage and all eyes will be on the election trends and actual results.
ETMarkets Smart Talk: Why are arbitrage funds popular among HNIs, Anuj Kapoor decodes
Anuj Kapoor of JM Financial discusses the tax efficiency of arbitrage funds for HNIs and the growth of new millionaires in Tier 2 and Tier 3 cities. He highlights the interest in unlisted opportunities, strategic advisory for family businesses, and the impact of market volatility on investments. Kapoor says: "Funds focussed on the manufacturing, defence, PSUs, which have been underperformers over the last decade, have shown strong performance and have delivered stellar returns."
Wealth redistribution: The economics behind Rahul Gandhi's 'Robin Hood' idea
The controversy over Rahul Gandhi's wealth redistribution promise, accused by PM Modi of benefiting Muslims, highlights ongoing economic inequality debates. Rahul's proposal includes a caste census and minimum income guarantee, while economists like Bibek Debroy provide insights on the issue.
Former NASSCOM VP joins Peoplefy's strategic advisory board
"With over 40+ years of experience in the IT/ITES and GCC eco-system, KS Viswanathan brings a wealth of knowledge to Peoplefy's advisory board," the company said in its welcome message.
Safety net in works to widen local funding pool for startups
Government is crafting a framework to enable pension funds and insurers to invest in startups, aiming to boost domestic capital. Efforts include redefining startup criteria, educating investors, and potentially expanding existing funding schemes.
Are the bulls here to stay? Devang Mehta says gear up for pre-election rally
Devang Mehta of Spark Private Wealth discusses market corrections, bullish sentiment, and the potential for a pre-election rally. He emphasizes the positive FII flows, appetite for equities, and the outlook for IT and pharma companies. Mehta further says that the corrective phase where people were scared that this is the end of the rally and probably there will be a lot more bear market type behaviour in mid and smallcaps – is not the case now.
Rothschild to foray into India's debt advisory market on rising investor interest
Rothschild plans to enter the Indian credit market, focusing on leverage finance, special situations, and corporate restructuring. The firm sees an opportune moment in the credit cycle and is encouraged by the demand for sophisticated structured financing solutions. They are attracted by the influx of capital from alternative capital providers, such as infrastructure-focused funds and investment-grade lenders.
ETMarkets Smart Talk: Fiscal discipline key positive; I give 9 out of 10 to Interim Budget 2024: Devang Mehta
Devang Mehta says: The Interim Budget displayed fiscal prudence by capping the fiscal deficit for 2024-25 at 5.1%. It emphasized policy continuity and commitment to fiscal discipline. The budget included the upgradation of 40,000 bogies to Vande Bharat standards, a Rs 1 lakh crore corpus for tech-savvy growth, and lower-than-expected borrowing costs. With a focus on capital expenditure and infrastructure development, sectors like capital goods, infrastructure, power ancillaries, and renewable energy are expected to benefit.
Can insurance companies rally this year or should underperformers be avoided? Devang Mehta answers
Devang Mehta, believes that the Nifty will cross 24,000 in 2024. He states that there are a confluence of factors, including macros, sentiment towards equities, and earnings growth, that support this possibility. Mehta emphasizes the importance of earnings-led rally rather than a rally of everything. He also discusses the potential of Reliance's financial business model and the shift towards financial assets.
Nifty public sector enterprise index stocks: A re-rating of different kinds. Will it sustain and create wealth?
The recent re-rating of PSU stocks has happened due to multiple reasons. Right from realization on the street that to paint everything to same brush just because they are owned by government and ignore the fact the growth element is probably not right approach to the fact that there are some business where cost of capital and policy factor are loaded in their favour of PSU and that will not change any time soon.
From consumer to custodian: The changing face of wealth management for India’s elite
For instance, in 2009, SEBI struck down the entry loads on mutual funds, forcing distributors to change their business models, and the value chain over the next decade became more manufacturer-oriented. The excesses in the system in terms of commissions to distributors or manufacturers normalised over the years. With the role of passive and factor-based strategies coming in and the sheer size growing, net returns of manufacturers did not get affected, but the economies of scale passed on to the investors, reducing their cost of investing even further, to 0.75-0.8% for the same AUM.
What should be the investment strategy across market caps? Shweta Rajani explains
“If you have money which is needed after 10 years plus, then having a slightly higher equity, even to the extent of 80% equity would be good to have in the portfolio. So, look at your asset allocations; five to six years, 65 to 75% equity, if more than that, then you can have 80% equity.”
360 One WAM, earlier known as IIFL Wealth & Asset Management, goes global; forms a new team
Vikram Malhotra, the global market head for Global, South Asia and Middle East at Bank of Singapore, will be the new CEO and co-founder of 360 One Global. Malhotra, who was overseeing about $20 billion in assets under management in the Bank of Singapore, had earlier worked with Barclays, UBS, and ABN Amro.
Goldman Sachs strikes wealth advisory deal as it revamps strategy
The Wall Street bank, which did not disclose the sale price, said the sale to Creative Planning LLC is expected to close in the fourth quarter and result in a gain.
FTSE to delete Nuvama Wealth from Global Smallcap Index from July 5; here’s why
Nuvama Wealth Management will be removed from the FTSE Global Smallcap index, according to FTSE Russell. The company, which recently demerged from Edelweiss Financial Services, has not started trading on the stock market yet. Therefore, the global index aggregator made the decision to remove Nuvama from the smallcap index. Nuvama aims to triple its client assets and base by 2028 and expand its presence in more cities and offshore markets.
Bridging the gap between retail investors and wealth managers is the future
Wealth management still belongs to human intelligence and emotional withstanding, and the ground reality still reflects this, despite the rise of robo-advisory algorithms. However, technology can develop to aid wealth managers, such as the use of aggregator platforms for wealth managers, SaaS platforms with complete open stack and open API keys for execution activities across multiple asset classes, and seamless omnichannel experiences
Waterfield Advisors launches wealth advisory platform for women, calls it 'Heritage'
Leveraging their decade-long experience of managing and servicing high-net-worth(HNW) and UHNW women on investment and non-investment needs, Waterfield has crafted an exclusive wealth advisory proposition with a singular focus on improving the relationship of HNW women with their wealth.
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