HNIS
How HNIs can save tax by choosing new tax regime while filing ITR for FY 2023-24 (AY 2024-25)
The Union Budget 2023 reduced the maximum surcharge rate from 37% to 25% for taxpayers who choose the new tax system. This change lowered the maximum marginal rate to 39% from 42.744%. As a result, high net worth individuals (HNIs) will see significant tax savings due to this amendment.
HNIs looking to diversify warm up to private credit funds
High net-worth individuals are increasingly turning to private credit funds due to the removal of tax benefits for debt mutual funds. This shift reflects a growing interest in fixed-income options among the affluent segment.
Bulk deal vs block deal: Check differences, execution details, timings and more
Block and bulk deals are large transactions that are executed on stock exchanges. While block deals happen through a special trading window on the exchange that is not visible to all, bulk deals are done as part of the normal trading and can be seen by everyone.
Tax parity for IFSC funds to help HNIs avoid US inheritance levy
Wealthy Indians can use GIFT City to avoid US inheritance tax on offshore investments. IFSCA is seeking tax parity for funds in GIFT City to attract HNI investors.
Women are taking stock: As more women enter the high-net-worth category, their investment choices are also changing
Deepika Gehani, the cofounder of Genesis Luxury, represents the trend of affluent Indian women shifting towards equity investments. Nupur Garg, founder of Winpe, shares a similar sentiment on increasing risk appetite with growing wealth. The survey by Waterfield Advisors highlights women's interest in equity investments, with a focus on financial literacy emphasized by Priti Rathi Gupta. Anuj Kapoor from JM Financial Services notes the active role of female UHNIs in wealth management, while Devna Shah and Suhasini Sampath provide insights on equity and real estate investments.
PMS funds which managed to trump Nifty with up to 18% return in May
PMS schemes, favored by HNIs for surplus capital, outperformed in May despite the flat Nifty50 TRI index before the election results. Investing in listed holding companies, Unifi Capital's HoldCo fund led with a remarkable 17.88% return, surpassing others in the PMSBazaar database.
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CoinDCX launches CoinDCX Prime for HNIs, targets $100 million AUM by 2025
CoinDCX, a major Indian crypto exchange, launches CoinDCX Prime to cater to High-Net-Worth Individuals and institutions, targeting $100 million in assets by 2025. Prime offers tailored services, prioritizing compliance and personalized support, aiming to attract substantial investment.
Indian HNIs swell by 12.2% YoY in 2023, wealth surges 12.4% on booming markets, economy: Report
The number of high net-worth individuals (HNIs) in India increased by 12.2% in 2023, reaching 35.89 lakh individuals. Their financial wealth also rose by 12.4% to $1,445.7 billion, driven by a strong economy and the performance of domestic equity markets.
Indian fund managers embrace Warren Buffett's advice: The rise of index funds in India
Indian fund managers are embracing Warren Buffett's advice by turning to index funds, which offer simplicity, low cost, and stability. The rise of index funds in India has revolutionized the investment landscape globally and locally.
Will prime residential assets remain the mainstream investment avenue for HNIs in India?
Real estate, long favored by India's affluent, served as an inflation hedge in a socialist economy. However, liberalization altered dynamics, shifting focus to financial assets as domestic real estate faced cyclicality amidst changing economic landscapes.
Suzlon, RVNL among top 10 stocks sold by HNIs in March quarter
High Networth Individuals (HNIs) individuals held shares worth Rs 7.61 lakh crore in Indian companies as on March 31, 2024. The HNI share in companies listed on NSE saw a decline to 2% as on March 31, 2024 from 2.06% as on December 31, 2023, states a report by Prime Infobase. Here’s a list of top 10 companies, compiled by Prime Infobase where HNIs offloaded maximum number of shares by value:
Indus Towers, HDFC Bank among 10 stocks witnessing highest buying by HNIs
High Networth Individuals (HNIs) individuals held shares worth Rs 7.61 lakh crore in Indian companies as on March 31, 2024, which increased 3.18% from the quarter ended December 2023. Here’s a list of top 10 companies, compiled by Prime Infobase where HNIs bought the maximum number of shares by value:
ETMarkets Smart Talk: Why are arbitrage funds popular among HNIs, Anuj Kapoor decodes
Anuj Kapoor of JM Financial discusses the tax efficiency of arbitrage funds for HNIs and the growth of new millionaires in Tier 2 and Tier 3 cities. He highlights the interest in unlisted opportunities, strategic advisory for family businesses, and the impact of market volatility on investments. Kapoor says: "Funds focussed on the manufacturing, defence, PSUs, which have been underperformers over the last decade, have shown strong performance and have delivered stellar returns."
PMS Funds Tracker: Multi-asset schemes made HNIs richer in March
Pace Financial's Tresor Flexi fund was the top-performing PMS scheme last month with a 7.4% return, followed by Tresor Prive's 4.73% gain and 4.7% upside in Tresor Sustainer, shows data pulled from PMSBazaar.
Study reveals affluent Indian women prefer equities over gold for investment
Nearly 62% of the women surveyed indicated their willingness to invest in listed equities, which is more favoured than gold (54.3%) and real estate (41%). The study, from HERitage by Waterfield Advisors, was conducted among 104 Indian women living in tier-1 cities with a varied sampling.
Flexible workspace market size likely to touch 126 million sq ft by 2028
The flex workspace market in India is dominated by product-led operators offering flexible office solutions across the spectrum. Various sectors such as information technology (IT) & IT-enabled services, banking, financial services, and insurance (BFSI), consulting, e-commerce, manufacturing, and emerging startups, alongside the steady influx of global captive centers (GCCs), are driving this demand.
TVS, Dabur promoters, HNIs to back Khemani's Rs 5,000-crore PIPE fund
Existing investors such as the promoter family offices of TVS Capital, Ajanta Pharma, Pidilite, Dalmia and Dabur are likely to invest in this Category-III Alternative Investment Fund (AIF), said people in the know. The private investment in public equity (PIPE) fund has already received commitments worth ₹500 crore, they said.
Make room for more Idris Elbas
Trillions in investment are needed for such projects, but access to funds and green tech remains a challenge, especially for developing nations. Risks inflate capital costs, deterring private investment where it's most needed.
Boutique properties boom: HNIs showing great interest in exclusive properties for celebrations
According to travel industry experts and property owners, there is a growing demand for bulk bookings of entire boutique properties costing Rs 3 lakh per night to as much as Rs 10 lakh. Some are even using private charters for group travels. These bespoke holidays are either for exclusive reunions, celebrations or simply to enjoy leisurely getaways during long weekends, fuelling a trend of luxurious seclusion.
Stressed asset investing: An alternative investment opportunity for HNIs
ARCs hold specialized expertise in asset valuation, negotiation, and legal procedures, crucial for navigating the complexities of a stressed asset landscape. Often perceived as a niche domain, the stressed assets market currently encompasses the acquisition and resolution of NPLs.
Mudrex launches PRIME: Premium OTC services for institutions and HNIs
Mudrex Prime offers extensive asset coverage, including USDT, USDC, BTC, ETH, ensuring instant liquidity with swift fulfillment of large orders at the best OTC rates. Mudrex Prime achieved a transaction volume surpassing $100 million catering to a diverse clientele of 200+ institutions in India and the EU during its pilot phase in the last quarter of 2023
Over 75% of PMS funds deliver excess returns than mutual funds: Report
PMS Bazaar analyzed 335 PMS investment approaches and 388 regular mutual funds across 1, 3, 5, and 10-year periods and found that PMS investment approaches outperformed their benchmarks by an impressive 70% on average across all timeframes and categories, while MFs managed a respectable 48%.
Majority of Ultra HNIs buying luxury property for capital appreciation
According to the survey, there is a robust economic optimism among High-Net-Worth Individuals (HNIs) and Ultra High-Net-Worth Individuals (UHNIs), with a staggering 79% expressing confidence in the Indian economy's positive trajectory for 2023-24, compared to 59% last year.
Why are investors flocking to arbitrage funds?
As per regulatory requirements, at least 65% of the corpus is allocated to arbitrage products, while the fund manager is free to choose the remaining 35% between arbitrage or debt products, depending on his view on the market.
Why our HNIs deserve a happy, prettier new year
Along with things like SEZs, let’s have ASBs – Areas of Serious Beauty – to live in
Ultra HNIs, family offices eyeing options to drive steady income? Here’s a W.I.N strategy
To help them invest the corpus in a more efficient manner, which will ensure steady income, Wodehouse Capital has partnered with investment management firm Alchemy Capital to launch a first-of-its-kind W.I.N strategy. The strategy aims to create a steady income stream flow for wealthy promoter families.
Client Associates expects overseas investors to double India allocation
"India will outperform all major economies for the next 10 years. Given this, global investors should double allocation to India," says Rohit Sareen, co-founder, Client Associates.
What are the rich buying? HDFC Bank, Voda Idea among 10 stocks that HNIs bought in September quarter
HNI share by value in companies listed on NSE went up to 2.05% as of September 30, 2023, from 1.95% as of June 30, 2023. In INR value terms, HNI holding was at Rs 6.45 lakh crore on September 30, 2023. This was an increase of 14.28% over the last quarter. Here's a list of the top 10 companies that saw the highest increase in HNI holding in value terms in the last 1 quarter: (Source: primeinfobase.com)
Retail play in listed companies hits a new high
Retail investors - classified as individuals with less than shareholding worth ₹2 lakh in a company - made purchases worth ₹7,596 crore in July-September, according to Prime Database, amid the record-breaking run in the stock market
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