The engineering to software conglomerate, which houses L&T Mutual Fund under listed arm L&T Finance, had put the mutual fund business on the block earlier in a renewed attempt to find a suitable buyer
The strategy should be to keep an eye on relative valuations. Currently, we are oriented in favor of large-caps in our model portfolios.
L&T Finance Wealth’s 100 executives may not retain their jobs as IIFL has its own established 1,000 strong workforce
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.