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IIFL Asset Management Company Ltd has signed a pact to pick up a stake in the National Stock Exchange through a new fund that has raised a large corpus to invest in companies preparing to go public. The asset manager will buy the stake via the IIFL Special Opportunities Fund, IIFL Asset CEO Prashasta Seth told VCCircle. "We are awaiting a final approval from the NSE board," he added. Seth declined to reveal the identity of the seller…

On Friday, the government tabled the Specific Relief Amendment Bill in parliament. The amendments in the bill, if approved, will…

NBCC India Ltd. is likely to remain unscathed by the corruption charges leveled against it, as the amount involved is…

Stock markets are expected to rally if exit polls predicting victory for the Bharatiya Janata Party (BJP) in Himachal Pradesh and…

After launching a $500-million domestic real estate debt fund to invest in affordable housing projects last month, IIFL group is…

Companies from the dairy sector - a subset of the fast-moving consumer goods (FMCG) segment - have been on a growth trajectory in the recent past. A good monsoon is one key reason for this. With the quantity and quality of fodder increasing, milk production has also increased and brought down the prices. "Though dairies are passing on the fall in raw milk prices to packaged milk, they have kept the prices of value-added products…

By Yatin Shah, Co-founder, Executive Director, IIFL Investment Managers Income generation through financial instruments remains…

The Economic Times has released the most awaited list of 40 hottest business leaders of India under the age of 40. The Economic…

Wealth creation invariably thrives on the bedrock of entrepreneurship. Most fruitful ventures endure a typical business life cycle beginning with the start-up phase of teething realities, followed by rapid growth leading to peak performance, and culminating into the last leg of maturity when "monetisation" event not only marks the end of the "wealth creation" voyage, it also causes an abrupt influx of big money that has the exiting…

As someone who enjoys playing poker in his spare time, Karan Bhagat is certainly 'all in' when it comes to the wealth management…

The Reserve Bank of India refused to bite the bullet and kept the key lending rate at a seven-year low of 6 percent on Wednesday…

Microfinance institutions (MFIs) that became small finance banks (SFBs) in the last one year and gained access to a more wealthy and diversified clientele will continue to be critically dependent on their low-value borrowers even in their new avatar, several industry executives say. Most SFBs also expect a sizeable portion of their non-MFI loan growth to come from upgrading existing MFI customers. In September 2015, the Reserve Bank…

Prime Minister Narendra Modi's government has miles to go to achieve its annual road-building goal. The National Highway…

Stocks in rate sensitive sectors like real estate, auto stocks witnessed selling ahead of the RBI monetary policy announcement,…

A year after demonetisation, investor activity seems to be picking up on the back of big-ticket reforms and the prospect for the real estate sector only looks promising. On November 8th 2016, the centre demonetised the currency notes of Rs 500 and Rs 1000 with the aim to bring back the 'black money' into the formal system and move towards a cashless economy. Now, a year later, the country and particularly, the real estate sector is…

Umang Papneja, featured on the cover page of Outlook Business, joins the country's leading wealth advisors as they share their…

The market seems to be at crossroads, with macro-economic indicators - that were supporting the rally - going through a pincer. Brent crude's futures has inched up by 10% year till date (YTD), amid political instability in the world's top oil exporter -Saudi Arabia. On the other hand, US Fed is set to embark on a rate hike, beginning December. Higher interest rates in the US, means a stronger dollar and weaker rupee, which could lead…

"No burden is so heavy for a man to bear as a succession of happy days." With rising prosperity and increasing asset pool possessed by nuclear families spreading across geographies, the need for proper planning of estate is the need of the hour. The goal of estate planning is ensuring that the estate of the individual passes to the estate owner's intended beneficiaries so as to avoid delays and minimize court proceedings in succession…

IIFL Investment Managers, the wealth and asset management business of IIFL Holdings Ltd, is launching its latest real estate debt fund with a target corpus of almost $500 million, said a senior executive of the firm. "We are launching a new real estate credit fund that will focus on the affordable housing space. We are launching the fund this week. We are targeting to raise around $500 million for this fund," said Karan Bhagat,…

With equity markets scaling all-time highs, listed equity stocks are attracting an increasing number of investors. The latest managed equity portfolio product in the market are the long-only listed equity  Category III Alternative Investment Funds (AIFs). AIFs are managed funds regulated by the Securities and Exchange Board of India (Sebi) and Category III AIF is the only one that can invest in listed securities, including equity…

Let's start with some numbers. Equity mutual fund schemes now receive slightly over Rs 5,000 crore a month via systematic…

Finance Minister Arun Jaitley has made it clear that the Indian economy will need a booster shot to stimulate it into action. Jaitley, earlier this week, said that the government is currently contemplating various routes to ways to bring the economy back on track. India's GDP (Gross Domestic Product), which is a sum total of all goods and services produced in the country in a given period, dropped to a three-year low at 5.7% in three…

Economics tells us, productive resources being constrained, we can't have all that we crave for; we must pick one at the cost of the other. So, in every economic decision, the opportunity cost of the given choice is the value of forsaking the best option. Applying this concept to Indian equities, persistent skepticism, essentially a choice, has sadly proved highly detrimental to investor portfolios in last 3 years. People who feared,…

A lack of earnings visibility and high valuations cloud the outlook for Indian stocks in Samvat 2074, the Hindu calendar year that starts on Diwali, analysts said. The markets closed Samvat 2073 near record highs despite the twin shocks of demonetisation of high-value currencies and the implementation of the goods and services tax (GST) on 1 July. On Wednesday, the Sensex lost 24.81 points, or 0.08%, to close at 32,584.35 points, just…

For India's super-wealthy investors, pre-IPO funds appear to be the latest favorite in the long list of money-making instruments…

Have you noticed a trend of rising interest among Indian UHNWIs towards hiring the services of a family office? Post the 2008…

India's six largest listed road developers by market value won fresh highway orders worth Rs 2,500 crore in the three months ended June. Three of them didn't get any. Yet, the slow order inflow is unlikely to impact their revenue, at least for now. That's because the order book is at the highest level in four years. The average consolidated order book of 13 road and infrastructure developers, including the top six, was a little over…