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Yatin Shah, co-founder and executive director at IIFL Investment Managers, speaks about impact investing still being a…

Yatin Shah, co-founder and executive director of IIFL Wealth Management Ltd., expects the spreads to correct within 4-6…

India’s highly rated corporate bonds present a good buying opportunity as authorities looking to move past fallout from a…

India’s markets have witnessed a momentous 2018, characterised by mercuriality and punctuated with jolts like the abrupt…

India’s highly rated corporate bonds present a good buying opportunity as authorities looking to move past fallout from a…

One of the advantages of financial assets over physical assets is the convenience of buying and selling. For example, if you want…

The number of ‘wealthy elite’ in India expected to rise nearly 87% in the next five years, according to a report titled ‘IIFL…

The wealth and number of India’s high net worth individuals (HNWIs) will skyrocket in coming years, according to the ‘IIFL Wealth…

The number of wealthy Indians and their affluence is expected to rise 88% over the next five years, according to a survey by IIFL…

The IIFL Wealth Index 2018 is one of the initiatives under the recently launched IIFL-One platform, that offers customized…

In case you've missed all the tell-tale signs around you, the Richie Rich club in India is getting richer by the day. In May, the…

IIFL Wealth Management, one of the leading wealth management companies in India, on Monday unveiled the IIFL Wealth Index 2018…

Almost three decades after opening up its economy in 1991, India is on the brink of a quantum leap in wealth generation with the…

Fear of losing money and absence of succession planning are giving 2.84 lakh HNIs and Ultra HNIs sleepless nights, shows the…

Nearly three decades after opening up its economy in 1991, India is on the brink of a quantum leap in wealth generation with the…

India's population of high net worth individuals (HNWIs) is set to grow by 86 per cent by 2021, with the value of the wealth…

Karan Bhagat, founder, managing director and CEO, IIFL Investment Managers shares his views with Asian Private Banker in the ‘…

Currently, the investment climate is peppered with volatility, writes Pravin Bhalerao, Executive Director, IIFL Investment…

Alternate investment funds (AIFs) are no longer alternatives. They are going mainstream as high net worth individuals (HNIs) hunt…

A superior customer experience is all about reliably delivering the most appropriate customer services that really count with…

IIFL Wealth Management Limited (IIFL WM), one of India's fastest growing wealth management firms, has partnered with American…

By Vinay Ahuja, Senior Managing Partner, IIFL Investment Managers A conflation of numerous factors that include stock specific…

IIFL WEALTH MANAGEMENT has partnered with American Express to distribute platinum cards to meet needs of high-value clients with net worth of at least Rs.10 crore. The newly released metal charge card will be offered on an invite-only basis by IIFL.

Ten years ago, conversations around managing wealth for high net worth individuals (HNIs) and ultra HNIs started to move from…

In the aftermath of IL&FS episode, we believe the credit market has become slightly illiquid due to shift in investor…

IIFL Wealth Management (WM), a subsidiary of IIFL Holdings, has announced its acquisition of Chennai-based Wealth Advisors India…

IIFL Wealth Management Ltd, a unit of financial services company IIFL Holdings, will acquire Chennai-based wealth management…

IIFL Wealth Management Ltd, a unit of financial services company IIFL Holdings, will acquire Chennai-based wealth management company Wealth Advisors India Pvt. Ltd for Rs 253.6 crore (around USD35 million at current exchange rates) in cash. In a stock-exchange disclosure, IIFL Holdings said the acquisition of Wealth Advisors will help IIFL Wealth increase its client base and further its expansion into portfolio management and…

IIFL Wealth Management announced that it would acquire the entire share capital and the company of Chennai-based Wealth…

In a bid to strengthen its presence in the southern parts of India, IIFL Wealth Management Ltd today announced the acquisition of…

Wealth management company, IIFL Wealth Management, on Tuesday announced the acquisition of Chennai-based Wealth Advisors India for Rs 2.35 billion.    The acquisition would help IIFL Wealth to increase its presence in South India.  "This deal brings us some top-quality talent by way of sales and non-sales teams and our combined effort will further strengthen our reach and offerings for the high net worth…

IIFL Wealth Management Limited has acquired Wealth Advisors India, a Chennai based wealth management firm for a total consideration of Rs 235 crore. Wealth Advisors, will become a wholly owned subsidiary of IIFLW and its employees will become part of IIFL Wealth, entitled to agreed employment benefits. Mumbai-based IIFL Wealth Management has assets under advice and distribution of Rs 1.4 lakh crore. It is the investment advisor to…

IIFL Wealth Management (IIFLW), the wealth and asset management subsidiary of IIFL Holdings, on Tuesday announced that it will…

IIFL Holdings said Tuesday its arm IIFL Wealth Management will acquire Wealth Advisors India Private Limited (WAI) for Rs 235 crore. In a stock exchange filing, the company said a share purchase agreement with WAI and its shareholders was entered on Tuesday "to acquire 100 per cent of the paid share capital of WAI, at a consideration of INR 235,00,00,000 (plus cash and cash equivalents of INR 18,58,74,000/- to be adjusted as on the…

IIFL Wealth Management, one of the leading wealth management companies in the country, has announced that it will acquire the entire share capital of Chennai-based Wealth Advisors India (Wealth Advisors). IIFL Wealth will conclude the transaction for a consideration of Rs 235 crore in cash and cash equivalents. The transaction is subject to regulatory approvals. The move is expected to further fortify ten-year-old IIFL Wealth’s…

IIFL Wealth Management Ltd announced it would acquire the entire share capital and the company of Chennai-based Wealth Advisors India Private Limited (Wealth Advisors).  IIFL Wealth will conclude the transaction for a consideration of INR 235 Crore. The transaction is subject to regulatory approvals.  This move is expected to further fortify ten-year-old IIFL Wealth’s presence in the south as Wealth Advisors has a…

IIFL Holdings said Tuesday its arm IIFL Wealth Management will acquire Wealth Advisors India Private Limited (WAI) for Rs 235 crore. In a stock exchange filing, the company said a share purchase agreement with WAI and its shareholders was entered on Tuesday "to acquire 100 per cent of the paid share capital of WAI, at a consideration of INR 235,00,00,000 (plus cash and cash equivalents of INR 18,58,74,000/- to be adjusted as on the…

In a market dominated by distribution-based private wealth managers, IIFL Investment Managers, India’s largest wealth management…

IIFL Wealth Management Ltd, a unit of financial services company IIFL Holdings, has announced in a stock-exchange filing that it has agreed to buy Bengaluru-based fintech firm Altiore Capital for Rs 9.2 crore (around $1.2 million at current exchange rates). Altiore Capital, run by Altiore Advisors Pvt. Ltd, was launched in October 2016 by Vivek Banka. Before that, Banka was an IIFL Wealth Management employee for six years. According…

IIFL Wealth today announced the acquisition of Altiore Advisors, a Bengaluru-based fintech company. The Altiore team, led by founder Vivek Banka will join IIFL Wealth. Altiore has created a niche for itself in the financial services space with a software that integrates and runs deep analytics on the entire net worth of clients across all their stakeholders like wealth managers, banks, insurance policies, mutual funds, real estate and…

IIFL Holdings announced that its wealth management subsidiary i.e. IIFL Wealth Management ("IIFLW") has entered into an agreement with Altiore Advisors ("Altiore") and its shareholders on 22 September 2018 to acquire 100% of the paid share capital of Altiore, at a consideration of Rs 9.2 crore. Upon completion of terms and conditions inter alia stated under the agreement, Altiore will become a wholly owned subsidiary of IIFLW and its…

IIFL Holdings on Monday announced that its subsidiary IIFL Wealth Management (IIFLW) has acquired Bengaluru-based fintech company Altiore Advisors. IIFLW entered into an agreement with Altiore and its shareholders to acquire 100 per cent of the paid share capital of Altiore at a consideration of Rs 9.2 crore. Following the deal, Altiore will become a wholly owned subsidiary of IIFLW and its employees will become part of IIFLW.

CFA Society India, in collaboration with CFA Institute, the global association of investment professionals, hosted its 3rd India…

There was a time when new clothes were bought only on birthdays and festivals, eating out was a treat and birthdays/anniversaries…

HR managers are notoriously hard to please. But here are some ways in which you can impress them. You're all set for the final…

Virgin Group's Richard Branson once said, "Care for your employees and they will care for your customers." In a speech resonating…

Attracting the best talent, building trust and transformational leadership are factors that have always been much valued in…

The Indian markets are still in a structural bull run which started in 2014 and the current phase of the market should be seen as…

Last month, IIFL Wealth Management, India's second largest private wealth manager by AUM and a subsidiary of IIFL Holdings, has…

IIFL Asset Management Ltd has invested in a craft-beer maker, marking the firm's debut deal in the alcoholic beverages segment, two people privy to the development told VCCircle. The investment firm has come on board as the lead investor in the Series A round of funding for Mumbai-based White Owl Brewery Pvt. Ltd, the people said, asking not to be named. White Owl, which also runs a pub in Mumbai, raised nearly Rs 10 crore ($1.4…

Private equity and venture capital investments have witnessed a significant surge in activity over the last decade. Unlike in the…

Stock markets have been edgy ahead of packed political action over the next 12 months. Then, there is the troika of creeping up…

IIFL Holdings' wealth management arm has raised Rs 745.71 crore by selling 5.1 per cent stake to a clutch of investors. IIFL Wealth Management issued 44.90 lakh shares to WF Asian Reconnaissance Fund, Rimco (Mauritius) Limited, Amansa Holdings, General Atlantic Singapore Fund, Steadview and HDFC Standard Life Insurance. The deal values the wealth management firm, one of the largest in the country, at Rs 14,621 crore. After the…

IIFL Wealth Management will look to raise US$110 million through the sale of equity shares to six investors in a bid to "expand its wealth management platform". Together, the six investors proposed to purchase a total of 4.49 million equity shares in IIFL Wealth Management, representing a 5.1% stake in IIFL Holdings Limited's wealth management subsidiary. Existing private equity backer, General Atlantic, which currently holds a 21.6…

IIFL Wealth Management, a subsidiary of IIFL Holdings, has issued nearly 44.90 lakh shares to a set of financial investors to…

IIFL Wealth Management (IIFL-WM), an arm of IIFL Holdings, on Wednesday approved the issue of 5.1 per cent equity to marquee financial investors for Rs745.71 crore. The proposed transaction will provide IIFL-WM with additional capital for its business operations and general corporate purposes as well as for growth and expansion of the business. The company has allotted of 44,89,500 equity shares of IIFL-WM at Rs1,661 an equity share…

The Reserve Bank of India's (RBI) first repo rate hike in over four years failed to dampen market sentiments on Wednesday, with the benchmark index Sensex closing 0.79% higher. After a volatile session, the 30-share BSE Sensex ended at 35,178.88, up 275.67 points, while the broader NSE Nifty closed at 10,684.65, up 91.50 points, or 0.86%. RBI's rate-setting panel - the monetary policy committee - voted unanimously to raise the repo…

If you have been active on any social media platform of late, chances are that your feed has been taken over by videos of people…

IIFL Asset Management Ltd (IIFL AMC) has launched its latest fund, IIFL India Private Equity Fund, with a focus on backing…

IIFL Asset Management (IIFL AMC) is raising $200 million (Rs 12 billion-15 billion) for IIFL India Private Equity Fund, its…

IIFL Asset Management Ltd has deployed more than half of the total corpus it raised for backing private firms floating initial…

HEG Ltd., the best performing stock last year, continues to beat peers in 2018 as well. And still, it's the cheapest among domestic and overseas rivals. The graphite maker has outperformed local peer Graphite India Ltd. and given returns on par with at least three of its global rivals Tokai Carbon, Showa Denko and the newly listed Graftech. The company is trading at a trailing 12-month enterprise value to Ebitda multiple of…

I would stay away from frontline pharma names and selectively look for value in mid-cap names, says Bhavesh Gandhi, AVP-Research, IIFL, talking to ET Now. Edited excerpts: A complete write off of Gavis! Whatever Lupin paid for Gavis a couple of years ago, it was an expensive acquisition that time and now they are simply admitting that they messed up. Yes. Even the scale of write off is close to Rs .1500-odd crore. Yes, Rs 1494…

Benchmark indices BSE Sensex and NSE's Nifty 50 surged nearly 1% on Tuesday as trends indicated that the Bharatiya Janata Party (BJP) is set to form government in Karnataka. Polling for the 222 of Karnataka's 224 assembly constituencies was held on 12 May. However, analysts believe that post-Karnataka elections, all focus will return to existing risks. Here are views of market analysts on the election outcome: Amar Ambani, partner…

The Bharatiya Janata Party (BJP) was seen leading in several seats in Karnataka, leading in over 100 seats out of the 222 seats that went to polls last week. Experts largely believe that the just short of majority mark so far is good for the market. While some believed it could ensure a strong foundation for 2019, others said that the Street could get back to focusing on earnings and other macros. Market veteran Porinju Veliyath sees…

With a stellar performance in Karnataka elections, Prime Minister Narendra Modi has made his skeptics eat their words yet again. The saffron party's success stood out because this was its first major victory in a key southern state under Modi's leadership. It was seen as a litmus test for the ruling party at the Centre in the runup to the big slugfest in 2019. In all probability, the verdict will serve as a pointer of things to come…

The equity benchmark indices registered strong gains during the morning session after early trends showed that the BJP could get an absolute majority and form the government in Karnataka. At 11:20 a.m, the 30-share Sensex was trading at 35,867, up 310.54 points or 0.87%. The market breadth was also strong with nearly 1,500 stocks gaining ground as against only 761 declines. The broader Nifty was also up 89.45 points at 10,896. The…

In the wake of the deal with Walmart, a large number of Flipkart employees will make windfall gains from their stock options.…

Smaller developers won nearly half of all road-building contracts given out by the National Highways Authority of India in 2017-18, NHAI data compiled by investment bank Equirus Securities showed. The biggest contract winners were large companies such as Dilip Buildcon Ltd (Rs18,770 crore), IRB Infrastructure Developers Ltd (Rs8,900 crore) and Ashoka Buildcon Ltd (Rs5,500 crore). However, a bunch of nearly 90 other small developers,…

Wealth managers are making a beeline for individuals who made windfall gains in Thursday's blockbuster Flipkart sale, hawking…

Reliance Industries (RIL) fell over 2% after the company's consolidated finance cost jump to Rs 25.66 billion as against Rs 5.56 billion in the last quarter of 2016-17, and Rs 21 billion in the December 2017 quarter. The company reported a consolidated net profit of Rs 94.35 billion for the quarter ending March 31 (Q4) on the back of improved performance of its petrochemical and retail businesses. The profit was largely in line with…

The increase in ranks of India's investors is creating opportunities to create wealth and value. With the investment ecosystem…

India Meteorological Department (IMD), as well as private sector weather forecaster Skymet, have predicted normal monsoon this year, making it the third consecutive year of good rains. This is good news for the markets.  The stock market usually reacts positively to normal monsoon as it's a sentiment booster. Though dependency on monsoon has fallen over the decades, a normal monsoon is good news for the entire economy as it leads…

Just days ago, Rahul Dravid, former Indian sportsman who retired in 2011 after 16 years of first-class cricket, made news for…

With fixed income investments giving lower returns, investors are facing a dilemma as to where to put in their hard earned money…

Economists at the Reserve Bank of India's (RBI) monetary policy committee (MPC) have gone into a two-day huddle for the first bimonthly policy review of financial year 2018-19. The policy announcement will be made on April 5. Dalal Street, as well as other financial players, will keenly watch the policy outcome, as it would mirror the health of the economy and the money supply situation. Money policy is a macroeconomic tool laid down…

India invested a record 1.16 trillion rupees ($18 billion) in the financial year ended March, to develop highways and improve road connectivity across the nation, according to a statement from Ministry of Road Transport and Highways. Prime Minister Narendra Modi's administration spent 44 percent more than a year ago on building roads. The government plans to construct 83,677 kilometers (52,005 miles) of roads by 2022 to boost economic…

When Ajay Mathur (name changed), an avid equity investor, prepared to hear Finance Minister (FM) Arun Jaitley's Budget speech on…

Benchmark equity index Sensex rose 11.3% in FY18, with a weak March quarter taking away some of the strong gains, as turmoil in global markets and rising bad loans of state-run banks weighed on investor sentiment. The highlight for 2018 was domestic institutional investors (DIIs) investing a net Rs1.1 trillion in equities, setting a record. This was powered by strong investments in mutual funds' equity schemes, a trend that is…

India has awarded road contracts at a "breakneck pace" in 2018, raising the prospect that orders will reach a record this…

Shares in India's largest state-run defence firm Hindustan Aeronautics Ltd (HAL) fell as much as 7.7 percent on their market debut on Wednesday, following a tepid response to the company's 41 billion rupee ($633 million) initial public offering. The military aircraft maker's offering last week was subscribed at just 99 percent, a rare occurrence for an Indian IPO in recent years with most oversubscribed. Analysts said the offering…

Banks and metal stocks rallied on Monday and lifted the Sensex by 470 points to 33,066 as analysts said the much talked about US-China tariff war may not be as damaging to the world economy as was perceived earlier. The surge helped the Sensex regain the 33k mark, while the Nifty closed above 10k again. The day's session started with the Sensex opening in negative territory after a 400-point fall in the Dow Jones index on Friday night…

IIFL Special Opportunities Fund has garnered commitment of approximately USD 1.1 billion. The fund was launched in February 2017 to generate long-term capital appreciation through investment in equity and equity related instruments of to-be listed companies. IIFL Special Opportunities Fund is a close-ended scheme under Category II Alternative Investment Fund - IIFL Private Equity Fund and registered with the Securities and Exchange…

With a fortnight to go for the much-awaited T20 Mumbai League, Sachin Tendulkar, League Ambassador, was part of a celebratory meet held at Taj Lands End. Mumbai's own internationally acclaimed cricketing legend encouraged participation and spoke on the upcoming league and the importance of such platforms for aspiring young Mumbai cricketers. Probability Sports India Private Limited, a consortium of Probability Sports and Wizcraft,…

When Finance Minister Arun Jaitley in his 2018 Union Budget speech spoke about measures to improve and strengthen investments…

Watch a very insightful discussion on Long Term Capital Gains tax and its impact on markets and taxation where Umang Papneja,…

A growing number of private banks and financial services firms are taking advantage of a vibrant primary market in India to unlock value of their diversified subsidiaries. HDFC's asset management unit, HDFC Asset Management Co. (AMC), is the latest such firm to announce a new share sale. The HDFC AMC initial public offer (IPO) will offer up to 25.4 million equity shares through an offer for sale of 8.59 million shares by Housing…

HAVING GROOMED HIMSELF RIGHT from his college days to be man of finance and then having spent all 16 years of working life honing…

Shares of public sector banks (PSBs) bounced back on Tuesday with Bank of India surging 14 per cent on reports of recovery of Rs 70 billion in non-performing assets (NPAs). The rub-off effect was seen across the board as Nifty PSU Bank index, the largest gainer among sectoral indices, gained five per cent compared to around 0.35 per cent rise in the Nifty 50 index in intra-day deals. Among individual stocks, Bank of Baroda, Andhra…

The National Highways Authority of India (NHAI) has bid out a total of 1,500 km in March, taking the total length of projects awarded by them till date to 4,000 km in this fiscal. NHAI chairman Deepak Kumar told a television channel on Tuesday that another 4,000 km would be awarded in the next three weeks. With this, the total length of projects bid out could scale 8,000 km this fiscal - lower than the target of 10,000 km NHAI had set…

Yatin Shah, co-founder, and executive director, IIFL Investment Managers, is an early riser. He wakes up at 7 am and drinks…

Compared to the first three weeks of February, when the Sensex crashed by 2,261 points, the stock market was relatively stable in the last week. Some technical factors played an important role in providing short-term stability to the market. For instance, the Sensex bounced back from its 100- day moving average. Does it mean that the period of high volatility is over and the market will continue its upward journey? Investors should…

In his welcome address, KE president, Adrian D'Souza spoke about the innovative initiatives that the KE board of directors have…

From tackling the tech monster to dealing with own emotions in interactions with their children, worried parents raised several queries at the Express Masterclass session on parenting pre-adolescent children on Saturday. During the session at the Bombay International School in Gamdevi, developmental pediatrician Dr Vibha Krishnamurthy discussed various concerns, like the right form of communication, relationships with their children,…

Talking to ET Now, Amit Shah, CEO, IIFL Asset Management, says save any major global issue, there is no reason why for next two to three years, India should not continue on the growth path with good quality companies giving double-digit returns. Let us talk about Indian markets now. What is IIFL Wealth's analysis of the market right now in the light of how last 12-15 months have been? Are you recommending your investors to continue to…

Talking to ET Now, Amit Shah, CEO, IIFL Asset Management, discusses the strategy behind the EM Strategy Fund and REITs Fund. First let us talk about these offerings which you are making now, the EM Strategy Fund and REITs Fund. How exactly is the EM Strategy Fund going to benefit the investors and what is the strategy at play in the background?  The EM Strategy Fund aims to give domestic investors in India chance to invest under…

Watch Amit Shah, CEO, IIFL Asset Management on ET Now's show 'Riding the Bull' as he speaks about the market environment,…

IFL Asset Management Company Ltd has bought an additional stake in the National Stock Exchange (NSE) through its fund that has…

Karan Bhagat, Founder, MD & CEO, IIFL Investment Managers speaks about the impact of IIFL's demerger, the macro situation,…

Tata Steel's much-awaited Rs 12,800-crore rights issue opened for subscription on Wednesday. The issue, which will close on February 28, comprises 15,53,94,550 crore fully paid-up ordinary shares not exceeding Rs 8,000 crore at Rs 510 per scrip, and up to 7,76,97,280 crore partly paid-up ordinary shares not exceeding Rs 4,800 crore at Rs 615. "The board approved issuance of equity and equity-linked instruments, including ordinary…

The tax on dividends on equity mutual funds will not discourage equity mutual fund flows. Shift of savings into financial…

After a few days of battering, the domestic market looks poised to make a comeback on Wednesday, thanks to a dramatic recovery in…

The Reserve Bank of India on Wednesday kept its key repo rate at 6 percent for a third straight policy meeting, and also retained…

ET Panache features views by Karan Bhagat on his saving and investment plans  Karan Bhagat, Founder & CEO, IIFL…

Eyeing an election next year, the Indian government announced massive spending for rural areas and projected economic growth above 8 percent in an annual budget on Thursday that won broad approval from economists, though bond and share markets fell. Delivering the last full annual budget before an election that will fall due by May next year, Finance Minister Arun Jaitley allocated 14.34 trillion rupees ($225.50 billion)for…

In an interview with Moneycontrol, Sandeep Jethwani, Managing Partner, IIFL Investment Managers reckons that from a calendar year…

Stock market participants will be keenly awaiting the Union Budget to be presented on February 1 to decide their future course and will also have their eyes glued to corporate earnings, including of bluechips HDFC and ICICI Bank, this week, according to experts. PMI data for the manufacturing sector which is due on Thursday would also influence trading sentiments. Finance Minister Arun Jaitley will be presenting first post-GST budget…

There are basically two things stock market investors will be looking forward to in Budget 2018-19 - a continued commitment to fiscal consolidation and no additional tax burden on capital market investments. On the former, I expect Finance Minister Arun Jaitley to stick to the 3 percent fiscal deficit target for FY19. While the government is widely expected to overshoot the FY18 target, the maths still seem workable for maintaining…

For high networth individuals (HNIs), getting the desired allotment in initial public offers (IPO) has become difficult. In Amber…

IIFL Asset Management Ltd will begin raising its first offshore affordable housing fund of up to $500 million in the next…

Sandeep Jethwani, Managing Partner, IIFL Investment Managers on asset allocation strategy for an HNI Why bother with asset…

IIFL Asset Management, part of the India Infoline group, plans to raise $500 million under its India Housing Fund…

Edited excerpts:  For 2017, equity was the right asset allocation but given where the valuations are and how the risk-…