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From ₹21.3 lakh crore at the end of 2017, the assets under management (AUM) of India’s mutual funds (MFs) industry grew at a…

Outlook Business (OB): Welcome to the 9th Outlook Business annual private wealth roundtable. While the pandemic has impacted the…

By Anirudha Taparia, Executive Director, IIFL Wealth & Asset Management How technology, and new customer expectations…

The global outbreak of the COVID-19 pandemic has impacted all sectors across industries, including the base metals market…

It comes as no surprise as to which city or state is home to India's wealthiest. With 217 individuals that comprise 27% of the rich list, Mumbai is the residential capital of India's wealth creators, followed by New Delhi and Bengaluru. According to IIFL Wealth Hurun India Rich List 2020, with 248 and 128 entrants, respectively during the year, Maharashtra and Delhi are the preferred places of residence for high net worth individuals…

Yatin Shah is Co-Founder and Executive Director at IIFL Wealth & Asset Management and has more than two decades of experience…

Many small banks are offering higher than 6% interest rate on the savings account. Some banks are even giving 7%…

Mukesh Ambani may have cashed in the biggest pay cheque this year, but Indians from across the globe, working in different leadership roles have also emerged as some of the richest individuals in the world – in the 2020 edition of the IIFL Wealth Hurun India Rich List. The list has ranked the ‘Richest Indian Professional Managers’ from India and beyond in a special category. These managers have either founded a business or helped…

For as long as we can remember, Hinduja Brothers – who are settled in London – have sat on the peak of the list of Richest Indian NRIs. And, with 2020, the story hasn’t changed much. According to the IIFL Wealth Hurun India Rich List 2020, they have an impressive wealth of Rs 1,43,700 to their name. Interestingly, the list had a record 161 new additions from last year’s, while most are young, self-made and homebred, only one –…

Success does not come easy or happens overnight and the following tech giants are proof of the same. According to the IIFL Wealth Hurun India Rich List 2020, these are some of the richest Indian tech billionaires and if you look closely, all of them have one thing in common – years of hard work, dedication and perseverance that catapulted them closer to their dreams. Let’s take a look at their success stories, how they started and…

Umang Papneja, Senior Managing Partner and Chief Investment Officer, IIFL Wealth Management, highlighted that worldwide one…

Professional managers in the list consist of individuals who joined business after it has been founded, helped it grow and these managers were given stock options from which they have created their wealth. “These Indian executives have been the cornerstones in wealth creation of some of the most valuable and respectable companies in the world. Their stories are truly inspirational for young Indian professionals, India being home to the…

Real estate is often touted as the best investment of them all. And in a country like India, that has an ever-growing population, real estate is one such sector that will always be in business considering everybody wants to secure a roof over their heads. And with so much demand, it comes as no surprise that real estate moguls are among the richest people in India.   According to the IIFL Wealth Hurun India Rich…

IIFL Wealth Co-founder & ED Yatin Shah speaks to ET Now on wealth trends taking shape in India, how are India's super-rich…

Being home to 217 individuals that comprise 26 percent of the list, Mumbai is the residential capital of India’s wealthy,…

SP Hinduja, along with his three brothers account to a joint wealth of Rs 1,43,700 crore held the second position. HCL-Founder…

Zerodha Co-founders Nithin Kamath (40) and Nikhil Kamath (34) topped the IIFL Wealth Hurun India 40 & under Self-Made Rich…

IIFL Wealth and Hurun India has released the '40 and under self-made rich list 2020', which ranks self-made Indian entrepreneurs…

Days after IIFL and Hurun India released its ‘IIFL Wealth Hurun India Rich List 2020’ where Reliance Industries Limited (RIL) managing director and chairman topped the list for ninth straight times, a new list called ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2020’ to represent emerging businessmen from the country. The list consists of self-made entrepreneurs who are below the age of 40 and have a wealth of INR 1,000…

Majority of India’s young internet entrepreneurs, who dominated the under-40 list of richest self-made entrepreneurs with a minimum net worth of Rs 1,000 crore, have seen their wealth go up this year amid the Covid pandemic and economic downturn. IIFL Wealth and Hurun India’s Self-Made Rich List 2020 of entrepreneurs under 40 on Tuesday had online stock trading company Zeordha’s founders Nithin and Nikhil Kamath on the top with a 58…

The IIFL Wealth Hurun India Rich List 2020 released a couple of weeks ago and while we’ve already acquainted you with the richest Indians of 2020, with this feature the focus shifts to the ones who've made it big on their own. These Indian billionaires started from scratch and built enviously huge business empires. From infrastructure to banking and even FMCG, they represent almost every booming sector of the Indian economy. Take…

IIFL Wealth Hurun India recently released its '40 & Under Self-Made Rich List 2020.' The list ranks self-made Indian entrepreneurs with a wealth of Rs 1,000 crore or more, aged forty years and under. “The IIFL Wealth Hurun India 40 & Under Self-Made Rich List represents the hottest rising stars in business from India, and all of them have achieved the remarkable milestone of entering the IIFL Wealth Hurun India Rich List…

George Bernard Shaw once wrote that ‘youth is wasted on the young’; but that statement now stands defied with these young and enterprising entrepreneurs from India certainly putting time to good use and making it to rich lists everywhere based purely on their intelligence and business acumen. IIFL Wealth Hurun India 40 and under self-made entrepreneurs cumulatively added a wealth of INR 44,900 Cr, registering an increase of 59%…

Here are the top 10 names in the list of IIFL Wealth and Hurun India 40 & Under Self-Made Rich List 2020: Zerodha’s Nithin Kamath(40) & Nikhil Kamath (34)- Kamath brothers co-founded Zerodha, India's first online brokerage platform in 2010 and make it the largest stockbroker by the number of clients with networth 24,000 crores. Media.net's Divyank Turakhia (38) - DivyankTurakhia founder of Media.net has ranked 2nd in the…

IIFL Wealth and Hurun India today released the IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2020, a ranking of the self-made entrepreneurs with a wealth of INR 1,000 Cr, aged forty years and under from India. Wealth calculations are a snapshot of 31 August 2020.  This list follows on from the IIFL Wealth Hurun India Rich List 2020released on 29 September 2020. “The IIFL Wealth Hurun India 40…

Mukesh Ambani leads from the front, 162 new faces in IIFL Wealth Hurun India Rich List 2020 The wealth of those featuring on the…

Mukesh Ambani, Chairman of Indias most valued firm Reliance Industries, continues to top the IIFL Wealth Hurun India Rich List 2020 for the ninth consecutive year, with a total wealth of Rs 6.58 lakh crore. His total wealth has surged by 73 per cent in the last 12 months, propelling him to become the richest individual in Asia and fourth richest person in the world. Indians with more than Rs 1,000 crore wealth cross the 828-mark in…

Reliance Industries (RIL) Chairman Mukesh Ambani is the richest Indian, according to the IIFL Wealth Hurun India Rich List. Ambani, secured the top spot for the ninth consecutive time with a net worth of Rs 6,58,400 crore. As per the latest list, the number of Indians with a net worth of more than Rs 1,000 crore has fallen to 828 this year from 953 in 2019. The combined wealth of the people on the list is around $821 billion. No 10.…

There are about 828 people in India who have more than ₹1,000 crore wealth - including 162 new entrants who turned richer during the pandemic. Together they hold a whopping $823 billion - equivalent to a third of India’s GDP. The richest person in India is — Mukesh Ambani, who earned ₹90 crore every 60 minutes since India went into lockdown in March. 2020 has been a tough year. The coronavirus-led lockdown forced many…

Covid-19 may have led to loss in lives and livelihood but interestingly it has also created massive wealth and valuations for those developing and providing solutions for the treatment of the dreaded virus. A total of 27 pharma companies who witnessed a 33% growth in valuation in August, are actively involved in either developing or manufacturing vaccines or drugs to combat Covid-19, data from IIFL Wealth Hurun India Top Covid-19…

  Lachman Das Mittal is among 828 individuals with wealth of over Rs.1,000 crore: IIFL Wealth Hurun India Rich List 2020. IIFL Wealth Hurun India Rich List 2020 has recently identified 828 individuals, including 40 women, with wealth of at least Rs.1,000 crore. One of the wealthy Indians mentioned in the report is Lachman Das Mittal   who started his career as an LIC agent. He is now an entrepreneur and founder of…

The IIFL Wealth Hurun India Rich List 2020 released yesterday (September 29, 2020) and, as expected, the richest families in India have asserted an undeniable dominance on the list. The fact that the top 5 families on this list hold 21 per cent of the cumulative wealth of the members on the list caught our attention, and so we take you through their earnings and key information. As the past few months have been tricky for most…

Reliance Industries Ltd (RIL) chairman Mukesh Ambani has topped the list of richest Indians, according to the IIFL Wealth Hurun India Rich List 2020. As per the latest list, the number of Indians having a net worth of more than Rs 1,000 crore has fallen to 828 this year from 953 in 2019. The combined wealth of the people on the list is around $821 billion -- 20 percent of India's GDP. Here are some interesting details that emerged from…

Mukesh Ambani for the ninth consecutive time has managed to remain on top of IIFL Wealth Hurun India List 2020 with personal wealth of INR 6,58,400 crore. The outbreak of COVID-19 pandemic got the entire world on its knees. Businesses, small and big, across sectors reeled under the impact of the economic fallout of the pandemic, with many even shutting shops. Even those who managed to stay afloat continue to remain financially fragile…

The Hurun Research Institute and IIFL Wealth have released India Rich List 2020, and few names feature from the technology sector. India’s richest tech billionaire in 2020 is Shiv Nadar and family, Azim Premji and family, and Zscaler’s Jay Chaudry. Not only are edtech app founders Byju Raveendran and family among the top 5 richest tech billionaires, but they are the richest startup founders on the Richest People in India list. India’s…

Mukesh Ambani has emerged as the richest man in India, for the third consecutive year in IIFL Wealth Hurun India Rich List 2020. But that’s not really a jaw-dropping stat anymore, is it? What will, however, make your jaw drop is the fact that Mukesh Ambani has gained Rs 90 crore/hour since the beginning of the lockdown in March. According to the key findings of the IIFL Wealth Hurun India Rich List, his wealth increased by Rs 2,77,700…

Mukesh Ambani, the Hinduja brothers and Shiv Nadar topped the IIFL Wealth Hurun India Rich List 2020, which ranks individuals with a net worth of Rs 1,000 crore or more as on 31 August. Mukesh Ambani, chairman and MD of Reliance Industries, ranked at the top on the IIFL Wealth Hurun India Rich List for the ninth consecutive year, with a total wealth of Rs 6,58,400 crore. Ambani is followed by London-based Hinduja brothers (SP Hinduja…

Earlier this week, the internet went berserk with the findings of the IIFL Wealth Hurun India Rich List 2020. The annual report tracks the wealth of India’s richest individuals as well as earnings of new and old companies, and presents brief data on the richest of the rich. Some of this year’s most interesting finds include a complete breakdown of where the top 10 wealthiest individuals hail from, who are the five richest…

IIFL Wealth Hurun Rich list includes the names of self-made founders and professional managers, inheritors, investors, cashed-out entrepreneurs, CEOs, NRIs, and so on. Individuals mentioned in the IIFL Wealth Hurun Rich list have an average wealth of Rs 7,300 crores and age 63. Here, we will be exploring the names and wealth of the top 5 richest businessmen in India. 1) Mukesh Ambani With a total wealth of INR 6,58,400 crores, Mukesh…

Happiest Minds' founder Ashok Soota made a debut in Hurun India Rich List with net worth of Rs 3,700 crore. founder of newly listed Happiest Minds Technologies Ltd., has made a debut in 2020 edition of IIFL Wealth Hurun India Rich List, which compiles the richest individuals in India with wealth of Rs 1,000 crore or more. With net worth of Rs 3,700 crore, Soota has joined the elite group which includes Asia's richest man Mukesh Ambani…

Lachman Das Mittal is the owner and chairman of Sonalika Group, which has grown to become the third-largest tractor manufacturer in India. This year's Hurun India Rich List has an inspiring name that is a remarkable rags to riches story. Meet Lachman Das Mittal, an LIC agent who worked his way up to become an entrepreneur and is a billionaire now. The 89-year-old businessman is the owner and chairman of Sonalika Group, which has…

In association with IIFL wealth, Hurun India has recently issued a list of the top 100 individuals in the IIFL Wealth Hurun India Rich List 2020. While the list contains the names of 100 individuals ranked according to their wealth, we bring you the women entrepreneur in India who have made the list as well. 1. Smita V Crishna According to IIFL Wealth Hurun India Rich List 2020, Smita V Crishna, the third-generation heir of the…

Mukesh Ambani, who managed to make Rs 90 crore every hour since the Coronavirus lockdown in March this year, has retained his position as the richest Indian man for the ninth time consecutively on the IIFL Wealth Hurun India Rich List 2020.  Mr Ambani is also the only Indian among the world’s top richest people and has made money through a series of strategic fund-raising investments from Facebook, Google, Silver Lake among…

According to the Hurun India, Mukesh Ambani gains Rs 90 cr every hour since March Lockdown and is the richest Indian for the 9th time consecutively. Founders of Udaan have become India’s biggest wealth gainers in the last one year. As per Hurun India, Udaan is also one of the highest valued unicorn startups in India. Udaan is a B2B trade platform, designed specifically for small & medium businesses in India. The company…

Mumbai has the highest number of rich individuals in India, followed by New Delhi and Bengaluru. Mukesh Ambani, Chairman of India's most valued firm Reliance Industries, continues to top the IIFL Wealth Hurun India Rich List 2020 for the ninth consecutive year, with a total wealth of Rs 6.58 lakh crore. His total wealth has surged by 73%in the last 12 months, propelling him to become the richest individual in Asia and fourth richest…

IT sector veteran and Happiest Minds' founder Ashok Soota has made it to the Hurun India rich list for the first time, backed by a bumper IPO of his company. With a wealth of Rs 3,700 crore, Soota's ranking on the IIFL Wealth Hurun India Rich List 2020 stood at 282nd. The IPO of Happiest Minds was oversubscribed 150 times. Shares of Happiest Minds, which got listed earlier this month, doubled on the day of listing. "Backed by the…

AP and Telangana’s Chigurupati Krishna Prasad of Granules India and C Sathyanarayana of Laurus Labs are two of the top five wealth gainers in India. Among the 828 individuals across India who featured in the IIFL Wealth Hurun India Rich List 2020 (a compilation of Indian individuals with a wealth of Rs 1,000 crore or more), 62 of them hail from the Telugu states of Telangana and Andhra Pradesh, according to IIFL Wealth. From AP and…

2020 has been a challenging year for enterprises across India. Despite the pandemic and consequent headwinds, IIFL Wealth Hurun India Rich Listers’ wealth has grown twice as fast as the net market capitalization growth of all the companies listed in the BSE. IIFL Wealth Hurun India Rich List 2020 added 161 new faces. Here we take a look at the top 15 richest Indian tech billionaires on the list. Read on to know the names. Shiv Nadar,…

The personal networth of Reliance Industries chairman Mukesh Ambani rose by 73 per cent to Rs 6.58 lakh crore, helping him retain the title of being the richest Indian for the ninth consecutive year with a wider margin, according to a report released on Tuesday. Ambani, 63, who has been selling stakes in telecom and retail arms lately leading to a strong performance in the Reliance Industries stock price, is also in the top five at a…

Karan Bhagat, MD & CEO, IIFL Wealth & Asset Management (IIFL WAM) shares insights on the company’s asset allocation to…

As the industry undergoes reforms, to which COVID-19 has given an added sense of urgency, India’s wealth managers will witness…

The charts continue to be strong for Reliance and if there is any correction, we would be advising it is as one of the biggest…

Even as the pandemic gives a shiver to economies, markets, and businesses across the globe, there are many optimistic souls in…

As bank fixed deposits (FD) rates hover around the 4-6% mark, some financial planners are recommending corporate FDs as a way to…

Samant, 37, found out the hard way that being his father’s only legal heir was not enough to ensure smooth inheritance of his…

Anirudha Taparia, Executive Director, IIFL Wealth and Asset Management Property prices have already softened with 25-30%…

Karan Bhagat, Founder, MD & CEO, IIFL Wealth and Asset Management in an interaction with CNBCTV18 speaks about asset…

IIFL Wealth has elevated Ronak Sheth as Senior Partner, Head Marketing & Client Experiences. Earlier he was the Partner…

Investment advisers have been recommending that investors must diversify their equity portfolio globally. Geographical…

Anu Jain, Senior Partner, Head - Equity Brokerage of IIFL Wealth Management speaks to ET Now, about market rallies and…

Unlike MFs, Category-I and II AIFs have a closed-ended structure and are not exposed to the risk of sudden redemptions Alternative investment funds (AIFs) may gain at the expense of mutual funds (MFs), with the market for credit risk products poised for a shift in their favour. Unlike MFs, Category-I and II AIFs have a closed-ended structure and are not exposed to the risk of sudden redemptions. This means these can…

Gold has been the best performing asset class over the past year with a return of around 50%. Renu Yadav asked experts if it makes sense to transfer the gains from gold to equities, while the latter segment is still way below its peak Gold has been the best performing asset class over the past year with a return of around 50%. The investment demand for the yellow metal has gone up lately as people move to risk-averse assets and…

This distortion in markets is an opportunity to lap up quality assets that are mispriced. However, in the current environment, it is best to remain cautious Just like life is a series of ups and downs, the economic and market cycles are a series of peaks and troughs. When you are at the peak, it is difficult to envisage the bottom and when you are at the bottom, it is challenging to see light at the end of the tunnel. While many of us…

IIFL Wealth Management Ltd (IIFL Wealth), an Indian wealth management company, announced April 24 the successful completion of…

Suyash Choudhary, Head of Fixed Income at IDFC AMC on Thursday raised the possibility that monetisation of the fiscal deficit may already be underway at the Reserve Bank of India (RBI). To put it in layman’s terms, monetisation of the deficit is the printing of money to finance government spending. This process is usually not carried out in normal circumstances as it can lead to inflation. However, the extraordinary demands placed on…

The strategy should be to keep an eye on relative valuations. Currently, we are oriented in favor of large-caps in our model portfolios.   The strategy should be to keep an eye on relative valuations. Currently, we are oriented in favour of large-caps in our model portfolios, Sandeep Jethwani, Senior Managing Partner and Head of Advisory, IIFL Wealth, said in an interview with Moneycontrol’s Kshitij Anand. Edited excerpt:…

Holding liquid funds for 30 days would mute volatility - Sandeep Jethwani, Senior Managing Partner and Head of Advisory, IIFL Wealth Emergency funds in a portfolio are for dealing with unforeseen requirements. The basic premise is complete safety of capital, very high liquidity and reasonable returns. Bond yields were extremely volatile in March as FPIs sold a record amount of Indian debt. Coinciding with fiscal year end…

Indian investors will soon get a chance to invest in the principal index of the world’s largest economy, the S&P 500. This index covers about 80% of market capitalisation of listed stocks on US exchanges. Motilal Oswal Asset Management Company is launching an index fund that tracks the S&P 500. A large number of companies that operate in India and are used by Indian consumers are part of the S&P 500. These include Amazon,…

In his book, The Black Swan, Nassim Nicholas Taleb says something very interesting about dealing with Black Swan events. He said that trying to predict them is a futile exercise. Instead, we should adjust to them. And when we do, we can position ourselves not only to limit the downside but also to take advantage of possibly positive black swans, what he calls “serendipitous black swans”. And that is exactly what the world is…

The Nifty 50 was down about 16% from its peak in January 2020 as on 13 March, driven lower by the steady progress of the Covid-19…

MUMBAI : Indian banks, especially private lenders, will find it tough to sell additional tier 1 (AT1) bonds in the coming…

Inputs by Anu Jain in Outlook Money 

In their quest for higher commissions, which have been rationalized for mutual funds, more and more distributors have sharpened…

In the Union Budget 2020, Finance Minister Nirmala Sitharaman has proposed abolition of Dividend Distribution Tax (DDT), while…

For HNIs, a high-yield Budget

We see Budget 2020 as a near-term event, and longer-term/strategic asset allocations need to be guided by fundamentals researched…

MUMBAI : Budget 2020 has abolished dividend distribution tax (DDT) on dividends declared by mutual funds. Instead, it has made…

Budget 2020 abolished Dividend Distribution Tax (DDT) on dividends declared by mutual funds. Instead, it made dividends taxable…

The fact that government restrained from any major populist measure is a major positive. Finance Minister Nirmala Sitharaman…

A host of measures, some prominent themes and a long list of action points for agriculture, irrigation and rural development were…

Some top bosses reveal where the action is headed in the next decade. After a decade that marked major societal shifts, industry…

Budget 2020: The government needs to address a flailing growth environment coupled with a tight fiscal situation. One is to make…

Slowing economic growth, tepid tax collections and a contraction in consumption demand have left the Finance Minister with little…

The FFO (further fund offer) of Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF) will open to retail investors…

Foreign companies with profitable Indian subsidiaries should be required to necessarily list their Indian companies within a…

NBFCs, real estate, and the infrastructure sector will be in focus. These three sectors form the backbone of the economy and are…

Budget 2020 Expectations for Economy: The major challenge before Finance Minister Nirmala Sitharaman is to remove the barriers to…

From bills and grocery lists to appointments and phone calls, millennials are constantly struggling to stay on top of…

To address the issue of mis-selling and overcharging from investors in the capital market, the Securities and Exchange Board of…

Saving tax is incidental to financial planning and, therefore, it can’t wait till the end of the year. However, if you…

The wealth management industry in India is currently at the cusp of unprecedented change, shaped by a new generation of investors…

Investors must first allocate their money as per their risk appetite and goals. Neil Borate spoke to experts to find out if this…

It often happens that people don’t share even the basic financial details with their family members. In case of any untoward…

Preservation of capital is as important as its appreciation As we step into the New Year, here are 10 all-weather nuggets that…