Investment funds make up almost one-third of the total assets held by the super wealthy and 84 percent hold at least some of their fortune in these funds.
International companies such as Quintessentially Lifestyle, Les Concierge and One Concierge have all started operations in India to tap into the growing demand in this part of the world
Mumbai ranks 47th on the ‘city wealth index’ among 314 global cities. Only 23 per cent wealthy Indians are interested to invest in property in India compared to 43 per cent globally.
A survey by Track2Realty in 2014, among NRIs, HNIs and other wealthy and influential investors, found that Singapore, Malaysia, New York, Sydney, UK (London) and the Middle East (Dubai), were the preferred destinations for R
Speaking to CNBC-TV18 Madhu Kela, Chief Investment Strategist, Reliance Capital said that pain from demonetisation is coming down. Queues are coming down in banks, he said, adding that he sees the situation getting stabilised by January end.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com spoke about his reading of the market and his outlook on specific stocks and sectors.
Fintech platform LoanTap today said it has secured USD 3 million in a first strategic round of funding (Series A) from high net worth individuals (HNIs) Abhishek Pandey and Jaysukh Sapra.
Despite global whirlwinds in FY16, India stood tall as one of the strongest economies in the world, because of robust gross domestic product (GDP) growth and reduction in both inflation and current- account deficit.
The uber rich of India are the target audience for this segment of housing. The developers have to ensure the best to keep the customers happy.
The changing landscapes of the urban India are being matched by premium homes that flaunt Mediterranean interiors or Italian architecture.
Epic Foundation is a bridge that connects donors with charity organisations and its founder entrepreneur and philanthropist Alexander Mars goes about doing it through his app.
In an interview with CNBC-TV18, SP Tulsian, sptulsian.com, shares his views on the microfinance space and sugar stocks.
Of this, the retail count was 4.37 crore, which is an increase of 13 percent or 50.69 lakh folios, a Crisil-Amfi release said here today. The industry added 14.09 lakh (up 3.17 percent) folios in the December quarter sequentially, or over the September quarter.
According to Sebi data, total value of P-Notes investment in Indian markets (equity, debt and derivatives) declined to Rs 2,35,534 crore at the end of December from Rs 2,54,600 crore in the previous month.
That's the view of Ajay Srivastava, CEO of Dimensions Consulting, who says a "great HNI unwinding" in the stock market is under way.
This was the second successive month when investment through this route increased. The total outstanding value of P-Notes witnessed a steady rise since January and the momentum continued till March.
It is boom time in the IPO market with companies queuing with their public offers, but it is largely institutional investors who are taking the bait while retail investors and HNIs still appear to be cagey.
A person having a minimum net worth of Rs 25 crore or a professional with an annual income of over Rs 3 crore is labelled as an HNI.
Led by equity schemes, retail mutual fund folios rose sharply for the third consecutive quarter to cross the 4-crore mark for the first time in the June quarter since March 2013, rating agency Crisil said.
Investments through participatory notes (P-Notes) into India's capital market stood at Rs 2.85 lakh crore (about USD 45 billion) at the end of May, the highest level in more than seven years.
R Sreesankar of Prabhudas Lilladher says for the banking industry to grow, the domestic economy and earnings have to grow. But within the banking space, private banks are better placed than PSU banks, he says.
V B Industries market capital stands at Rs 340 crore today. Its stock has gained five times since May 2015. The company invests in shares and securities and provides short term loans to corporates and high net worth individuals (HNIs).
Ajay Srivastava, CEO of Dimensions Consulting feels midcaps will take the brunt of selling whenever it happens. The next trigger for the markets will be the June earnings, when investors will get a clear picture on which stocks to buy, he adds.
JLL has prepared a list of preferred destinations to buy a house in India.
P-Notes, mostly used by overseas HNIs (High Net Worth Individuals), hedge funds and other foreign institutions, allow such investors to invest in Indian markets through registered Foreign Institutional Investors (FIIs).