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IIFL Wealth Advisors (India) has amalgamated with IIFL Wealth Management from Friday following NCLT approval. IIFL Wealth Advisors, a wholly owned subsidiary of IIFL Wealth Management, had filed a scheme of amalgamation seeking sanction from the Chennai bench and Mumbai bench of the National Company Law Tribunal, respectively. Both the companies have received final order from the Chennai and Mumbai benches of the NCLT. Subsequent to…

Local crises shouldn’t make one lose sight of the global view, say panellists at CFA Society India summit The past 15 months…

On 4 December, the government of India unveiled the Bharat Bond Exchange Traded Fund (ETF). It is a fund that will invest in…

The wealth manager of the future will have to focus on holistic wealth preservation, such that their clients are rich in time too…

Domestic institutions have issued commercial papers worth more than Rs 32,500 crore to fund IPOs of Ujjivan and CSB Bank. IIFL,…

IIFL Asset Management, a part of IIFL Wealth Management Ltd, has hit the final close of its latest real estate fund, a top executive told VCCircle. The firm had launched India Housing Fund in late 2017 and hit the final close a few months back. “We have raised $300 million (Rs 2,144 crore at current exchange rate) for our latest fund, raising roughly $100 million from offshore investors and the remaining from domestic limited partners…

Authored Article by Anirudha Taparia The UHNIs tend to have two main portfolio objectives—capital protection and alpha…

Topics Debt funds In a year buffeted by downgrades and default, one category of debt funds saw a surge in assets under management…

Mumbai: In a key decision taken today, the Securities and Exchange Board of India (SEBI) hiked the minimum investment amount for…

The liquidity crisis for cash-strapped companies that are rated low has created an opportunity for the Rs 2.9-trillion…

Paytm founder Vijay Shekhar Sharma's net worth has been making headlines since 2017, when Forbes ranked him as the youngest Indian billionaire. The 41-year-old was the only startup founder to make it to the top 50 India Rich List 2019 released by Hurun Report India and IIFL Wealth Management last month, with his net wealth pegged at Rs 20,400 crore. And his salary for this fiscal stands at Rs 3 crore, as per regulatory filings with the…

Wealth creation in India slowed to a crawl in the year ended 30 June even as household debt jumped, a Credit Suisse study found…

Highlights: -Wealth management industry on a growth path -Regulations and technology can be disruptive -IIFL wealth enjoys strong market position, business model undergoing transformation -Near term profitability under pressure -Valuations fair, only listed pure play wealth manager makes it a worthy bet in long term India is one of the fastest growing wealth markets globally and is projected to grow at 10 percent CAGR for the next…

Shares of IIFL Wealth Management hit an upper circuit limit on the day of listing. Capital Market mentions this in its latest October issue.  

On 19 September, IIFL Wealth Management Ltd, part of the larger IIFL Group, became India’s first major stand-alone listed wealth…

The government is coming up with a fresh tranche of Bharat 22 ETF for individual investors. The issue will be open to…

IIFL Wealth has collaborated with ManipalCigna Health Insurance Company to offer global health insurance coverage to HNI clients…

Speaking at ThePrint’s Democracy Wall, Shah, Co-Founder and Executive Director of IIFL Wealth & Asset Management, says hard…

Reliance Industries' Chairman Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year, with a net…

Reliance Industries' Chairman Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year, with a net worth of ₹3,80,700 crore, according to the latest IIFL Wealth Hurun India Rich List. London-based SP Hinduja & family, with assets worth₹1,86,500 crore, retained the second rank in the list, followed by Wipro founder Azim Premji at the third place with a wealth of ₹1,17,100…

Reliance Industries' Chairman Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year, with a net worth of Rs 3,80,700 crore, according to the latest IIFL Wealth Hurun India Rich List. London-based SP Hinduja & family, with assets worth Rs 1,86,500 crore, retained the second rank in the list, followed by Wipro founder Azim Premji at the third place with a wealth of Rs 1,17,100 crore. According to the…

IIFL Wealth-Hurun India Rich List for 2019 said Mukesh Ambani, chairman of oil-to-telecom conglomerate Reliance Industries, continued to be India's richest man for the eighth consecutive year. With a total net worth of Rs 3.8 lakh crore, Ambani was India's richest man in 2019 followed by London-based SP Hinduja and family with assets worth Rs 1.86 lakh crore. Wipro founder Azim Premji and Lakshmi Mittal, chairman and CEO of…

Reliance Industries' Chairman Mukesh Ambani has topped the list of richest Indians for the eighth consecutive year, with a…

Even as the economic reforms announced by Finance Minister Nirmala Sitharaman over the past few weeks are expected to boost the…

IIFL Wealth and Asset Management, the first homegrown wealth management firm to be listed on the stock exchange, made its debut…

IIFL Wealth and Asset Management has gone public, listing on the National Stock Exchange of India (NSE) today with an opening price tag of Rs 1,210. The wealth manager is the first in India to go public, and its shares — listed with the ticker IIFLWAM — quickly hit the 5% upper circuit price of Rs 1,270.50. According to its half-year financial results, IIFL’s wealth management business — comprising discretionary, nondiscretionary,…

IIFL Wealth Management Ltd made its debut on the bourses, listing at₹1,210 and hitting the upper circuit of 5% At the current price, its shares are valued at price-earnings multiple of 28 times its FY19 earnings IIFL Wealth Management Ltd made its debut on the bourses, listing at ₹1,210 and hitting the upper circuit of 5%. Investors seem to be focusing on the potential of growth for wealth management firms in the country. As…

Karan Bhagat of IIFL Wealth Ltd says that the company is thankful for the support of all its shareholders and employees. From a…

IIFL Wealth & Asset Management's MD & CEO Karan Bhagat on the changing dynamics for the wealth management business.…

View the listing Ceremony of IIFL Wealth & Asset Management here.

Karan Bhagat, MD & CEO, IIFL Wealth & Asset Management speaks to CNBCTV18 after the company is listed on the NSE.

IIFL Wealth shares are available in trade for trade (T to T) segment for 10 trading days from the date of commencement of trading. IIFL Wealth Management shares debuted at Rs 1,210 on the National Stock Exchange on September 19, against previous close of Rs 417.45 derived after demerger. The stock was locked at 5 percent upper circuit at Rs 1,270.50 on the NSE while it froze at Rs 1,260 on the BSE, up 5 percent against opening price…

IIFL Wealth Management stock made a strong debut on BSE and NSE today. The stock listed at Rs 1,210 on NSE against previous close of Rs 417.45 derived after demerger. On BSE, IIFL Wealth Management listed at Rs 1,200 and later hit upper circuit of 5 % to hit Rs 1,260. Market capitalisation of the stock stood at Rs 10,725 crore on BSE. IIFL Wealth traded with volumes of 1.5 lakh shares on NSE and 36,000 shares on NSE. In 2018, IIFL…

IIFL Wealth has an asset under management of Rs 1.35 lakh crore under wealth management. IIFL Wealth and Asset Management, the…

We believe we have a good mix of client relationships and a set of relationship managers who have a deep expertise in managing…

The wealth management unit of IIFL Holdings Ltd., which the financial services group spun off to unlock value, listed at higher-than-estimated price. The stock was locked in upper circuit of 5 percent to close at Rs 1,270.50 a share. IIFL Wealth Management Ltd., India’s third-largest manager of money for the rich with Rs 1.36 lakh crore assets, started trading on its market debut at Rs 1,210 apiece. Kotak Securities had pegged the…

The capital markets regulator Securities and Exchange Board of India (Sebi) has come up with a new set of proposals with the aim…

Prateek Pant, head of product and solutions at Sanctum Wealth Management, had his team visiting Gujarat for a few years to…

  ETCIO spoke to 5 top CIOs to understand what were the toughest decisions in their careers. Here's what they have to say…

Industry observers believe that venture capital firms are increasing their exposure to innovation generated technology sector…

The sustained economic expansion has created enough wealth over the last decade, boosting the prospects of wealth management…

Digital disruption has altered India’s finance landscape considerably. From angootha-chaap to verifying everything with your…

IIFL Wealth Management not only ranks as one of India’s largest and fastest-growing wealth managers but has continued to set the…

IIFL Wealth & Asset Management (IIFL WAM) has announced the appointment of Anshuman Maheshwary as its Chief Operating Officer…

IIFL Wealth & Asset Management has appointed a former A.T. Kearney partner as COO with immediate effect. With over two…

IIFL Wealth & Asset Management has appointed Anshuman Maheshwary as its Chief Operating Officer. He will work closely with…

IIFL Wealth & Asset Management, the wealth management arm of financial services firm IIFL Group, has hired a former partner…

The fifth tranche of Central Public Sector Enterprises exchange-traded funds (CPSE ETFs) is opening for subscription for retail…

The Rs 13-trillion portfolio-management services industry, which has grown steadily over the past few years, is pinning its hope…

Finance minister Nirmala Sitharaman had little to offer to small taxpayers in her maiden budget announced on 5 July,…

Union Budget 2019-20 will be presented by Finance Minister Nirmala Sitharaman on 5 July. The industry is looking forward to a…

Strong mandate brings policy continuity and introduction of bold new reforms, which will lead to development - Yatin Shah, Co-…

By Vinay Ahuja, Senior Managing Partner, Head, Markets – Mumbai & Chennai, IIFL Wealth The re-election of the BJP-led…

Indian wealth and alternative investment managers expect the next federal budget to propose measures that will improve…

By Sandeep Jethwani, Managing Partner and Head of Advisory, IIFL Wealth “When money realizes that it is in good hands, it…

1, I like being a CIO because... It gives me a constant opportunity to resolve business challenges and innovate our businesses…

India’s IIFL Wealth Management has made a strategic investment of an undisclosed amount into CerraCap Ventures Fund II from…

Mumbai-headquartered IIFL Wealth Management has invested in CerraCap Ventures' namesake venture capital fund dedicated to…

IIFL Wealth Management Ltd has invested in CerraCap Ventures Fund II. Financial terms weren’t announced. CerraCap, of…

IIFL Wealth Management Ltd, a unit of financial services company IIFL Holdings Ltd, has made a Limited Partner-style investment…

India’s IIFL Wealth Management Limited. has injected an undisclosed sum in the second fund of California-headquartered…

CerraCap Ventures, a leading early stage technology venture capital firm, today announced a strategic investment of an…

CerraCap Ventures, a leading early stage technology venture capital firm, today announced a strategic investment of an undisclosed amount from a unit of IIFL Wealth Management Limited (IIFL Wealth), in CerraCap Ventures Fund II. Saurabh Ranjan, Managing Partner CerraCap Ventures, said, "We are honored to have IIFL Wealth as part of our distinguished list of Limited Partners and look forward to a strategic relationship with them."…

Authored article by Anirudha Taparia, Executive Director, IIFL Wealth The outcome of the 2019 general elections marked the end…

Wealthy Indian investors are increasingly looking at opportunities to get involved in startup companies. And they have started…

With the GDP growth hitting a 20-quarter low at 5.8 per cent in 4QFY19, apart from multi-decade high joblessness, distressed…

As India, the world’s largest democracy, enters the final phase of a historic election, business leaders and family office…

When Indian stocks were rallying this March-April to hit new peaks, the country’s high net-worth individuals, or HNIs, were…

India’s IIFL Wealth Management has seen some 50% of its clients on its IIFL-ONE platform choose discretionary portfolio…

By Yatin Shah, Co-Founder, Executive Director, IIFL Investment Managers It Is often said that where one road ends, another…

By Umang Papneja, Senior Managing Partner and CIO, IIFL Wealth Management There is more to the equity markets than what meets…

Amid a hiring landscape characterised by brow-raising mass hires and team moves, India’s IIFL Wealth Management has seen its…

By Vinay Ahuja, Senior Managing Partner, IIFL Wealth There is a significant change in the way the new generation of wealthy view…

By Shaji Kumar Devakar, Managing Partner, IIFL Wealth In the current maelstrom of political uncertainty, trade-war fears and…

The delivery was given by Indu Corporation, through IIFL Wealth Management, while the buyer was Phoenix Industries. Multi Commodity Exchange of India Ltd. (MCX) on Tuesday made the first-ever delivery of its aluminium futures contract. A successful pay-in and pay-out of the contract concluded today for a quantity of 10 MT (2 lots). The contract was settled with no delivery defaults. The delivery was given by Indu Corporation Ltd.,…

Multi Commodity Exchange executed delivery of 10 tonnes (2 lots) of aluminium under the first compulsory delivery futures contract on Tuesday. The delivery was given by Indu Corporation, through IIFL Wealth Management, while the buyer was Phoenix Industries via Motilal Oswal Financial Services. The LME-approved 99.97 per cent purity ingot was delivered at the MCX approved warehouse at Bhiwandi, Thane district. The delivery was…

Multi Commodity Exchange of India Ltd. (MCX), exchange in the commodity derivatives segment, crossed another milestone with the first-ever delivery of its Aluminium futures contract. A successful pay-in and pay-out of the contract concluded on Tuesday for a quantity of 10 MT (2 lots). The contract was settled with no delivery defaults. The delivery was given by Indu Corporation Ltd., through IIFL Wealth Management ltd, while the buyer…

As wealth continues to grow in the country, investors have started to look at new shores to support their growth trajectory. This…

By Anirban Banerjee, Senior Partner, Human Resources at IIFL Wealth The wealth management industry in India has grown…

India’s first Real Estate Investment Trust (REIT), Embassy Office Parks REIT, will open its initial public offering (IPO) on Monday and will close on March 20. At a price band of Rs.299 to Rs.300, Embassy REIT will issue units aggregating up to Rs.4,750 crore.  To invest, you need to bid for a minimum of 800 units and in multiples of 400 units. The units of the Embassy REIT are proposed to be listed on the National Stock Exchange…

By Umang Papneja, Senior Managing Partner and Chief Investment Officer, IIFL Investment Managers It is imperative to be…

The National Company Law Tribunal (NCLT) has approved the proposed demerger of Fairfax-backed IIFL Group, which paves the way for listing of three entities — IIFL Finance, IIFL Wealth and IIFL Securities on the bourses within 60 days. As per the arrangement, for every seven shares of IIFL Holdings — the listed company — a shareholder will get seven shares each of IIFL Finance and IIFL Securities, and one share of IIFL Wealth. As per…

For the last two decades, India saw a lot of women grabbing the top financial jobs. But, after Arundhati Bhattacharya, Vani Kola…

As India continues to create wealth, retail investors have started looking at option beyond mutual funds, real estate, equities,…

By Umang Papneja, Senior Managing Partner, IIFL Investment Managers The simple answer to “When to invest?” is “Now”. However,…

By Sandeep Jethwani, Partner and Head of Advisory at IIFL Investment Managers One of the best ways by which the industry…

By Anirudha Taparia, Executive Director, IIFL Investment Managers This guidance can come from wealth managers who not only…

By Vinay Ahuja, Senior Managing Partner, IIFL Wealth Management Defined benchmark returns, capital protection, known maturity…

Drugmaker Mankind Pharma Ltd, ed-tech venture Byju's, homegrown private equity firm ChrysCapital and global alternative asset…

By Anirudha Taparia, Executive Director, IIFL Wealth The year 2018 was volatile and replete with political as well as…

At TiECon 2019, investors focused on what makes a company with 'unicorn' potential stand out from the crowd, and the traits a…

Umang Papneja, Senior Managing Partner, IIFL Investment Managers   The Budget is aimed at benefitting the salaried class…

India’s leading private banks are adapting to a rapidly shifting landscape, as vast amounts of new wealth are created in new…

India is expected to be on brink of a quantum leap in wealth generation with the number of wealthy Indians and their affluence…

Pleasing a nation of 1.3 billion people is an unenviable task. Yet, when the finance minister unveils his last budget of the…

A handful of wealth managers beat the benchmarks even as small and mid-cap rout dragged India’s top portfolio management firms into losses in 2018. DMZ Partners Investment Management Ltd., Multi-Act Equity Consultancy Pvt. Ltd. and IIFL Wealth Management Ltd. were among the managers which returned gains more than the Sensex and Nifty last year. While the strategies they followed were disparate, the focus on quality was the common…

India’s wealthiest people on average employ two wealth managers and their primary criteria for choosing them are a compelling…

Wealthy or high net-worth individuals (HNIs) are doing a rethink on their real estate exposure and actively looking at reducing…

Though the wealthy are positive about the future of the economy, there’s a lot of domestic as well as international political…

It is not just retail investors who put their hard earned money in mutual funds, HNIs or high net worth individuals also prefer…

Umang Papneja, Senior Managing Partner, IIFL Investment Managers Certain sectors could see an earnings turnaround, leading to…

By Sandeep Jethwani, Managing Partner, Head - Advisory, IIFL Investment Managers In the rapidly evolving wealth management…

Pleasing a nation of 1.3 billion people is an unenviable task. Yet, when the finance minister unveils his last budget of the…