Fund inflows restricted due to surging valuations, caution advised
ICICI Prudential Mutual Fund, the country's second largest fund house, has announced curbs on investments in its smallcap and midcap funds.
Source: theweek.in
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Top News In Centrum Wealth Today - Breaking & Trending Today
Election outcome & 7 other key risks to India's growth story
They are most sanguine about the General Elections in mid-CY24!
Source: indiatimes.com
Centrum appoints Manish Jain as head of Fund Management biz
Jain comes with a proven track record of over 20 years in the Indian equities market, managing equity funds, driving high quality equity research and with expertise both on the buy and sell sides.
Source: businesstoday.in
growth surprises: ETMarkets Fund Manager Talk: Why this Rs 35000 cr asset manager sees limited scope for growth surprises in 2024?
Shankar Raman says: "While there could be some anxiety around political outcomes, extreme outcomes seem unlikely. As such, if global conditions, especially on liquidity, remain stable, funds may be wary of the risk of sitting out (being in cash) rather than being invested. If so, they may not choose to take large cash calls ahead of the elections."
Source: indiatimes.com
Small cities, towns drive demand for wealth managers
The wealth management landscape in India is experiencing a notable transformation as a growing number of firms, many of which initially began as boutique, urban-based entities, are now expanding their operations into tier-2 and tier-3 cities. This strategic shift is in response to the substantial increase in wealth within these regions over the past two to three years, thereby opening up new market opportunities for these wealth management companies.
Source: indiatimes.com