HNIs

These investment vehicles are increasingly seen as essential tools for high-net-worth individuals and ultra-high-net-worth individuals looking to achieve superior returns, greater diversification

Unemployment, corruption, inflation and taxation are the biggest worries of the wealthy Indian entrepreneurs. However, three out of four (75 per cent) feel supported by the government

The spate of recent negative news such as fears of a US slowdown, Israel-Iran tensions, sharp appreciation in the yen, may or may not be enough to dent the confidence of non-institutional investors

The growing preference for policies worth Rs 20 crore and beyond indicates a change in financial planning and risk management among the affluent

The IPO comprises a fresh issue of 16.8 million shares, valued at Rs 760 crore, alongside an offer for sale (OFS) of 23.9 million shares, worth Rs 1,081.76 crore

Nearly 14 per cent of their residential portfolio is allocated outside India.

According to ICRA, since FY20, 18 SDIs have been issued by corporate entities, totalling approximately Rs 250 crore

The top 10 companies with the highest HNI holding as on the quarter ending December 31, 2023 were Secur Credentials, Jyoti Structures, Hardwyn India, Cereba Integrated Technologies, CAGM Technologies,

Company will use funding for wealth management business, asset management franchise

Private sector Standard Chartered Bank has inaugurated its private banking centre in the city, the over-century-old bank said on Saturday. The Private Banking Centre is the fifth after Bengaluru, New Delhi, Kolkata, and Mumbai. Aimed at serving high net worth and ultra-high net worth clients, the Private Banking Centre offers products, advisory, and insights to manage, grow, and protect personal and business wealth. "Being one of the oldest global banks in India, we have relationships across multi-generations and therefore we can focus both on a traditional approach while offering bespoke, objective, and holistic advice supported by an open architecture platform," said the Bank's Managing Director and Head Affluent, Private Bank and Branch Network, Nitin Chengappa. "We are excited to open our new private banking centre in Chennai. Tamil Nadu is a major economic and financial centre, and we see a lot of potential for growth in our private banking business in this region," he said.

Overall, the luxury goods basket grew seven per cent, providing 'credible' returns for ultra high net worth individuals

Investors from tier-II are increasingly roping in services of wealth managers, as they diversify beyond gold and real estate

Prohibitive tax laws coupled with convoluted and complex rules on outbound remittances that are open to misinterpretation and abuse are among the problems that have triggered the migration

Debt MFs, which receive the bulk of corporate money, have seen sustained outflows for over a year. As a result, debt MF AUM declined 9 per cent in 2022-23 to Rs 11.8 trillion

Appoint nominees and write a Will to make the transfer hassle-free

Since debt MFs will now be on a par with AIFs on the taxation front, the returns on each will only be a function of yields

According to the new rules of the liberalised remittance system (LRS), an Indian resident can now invest $250,000 a year in foreign stocks, debt etc

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Today Angel platform IPV has close to 7,000 investors, over 4,000 of whom actively invest in the Indian startup ecosystem. These investors, largely Indian diaspora, come from 48 countries

Those with small amounts should skip it owing to high costs and elaborate tax-related compliances