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MUMBAI, India, May 29, 2024 /PRNewswire/ -- Nuvama Wealth Management Limited (NSE: NUVAMA) (BSE: NUVAMA), one of India's leading Wealth Management companies, reported its financial results and
The firm's revenue rose 38 per cent in the period under review to ₹558 crore, while it rose 29 per cent to ₹1,467 crore for the first nine months of the fiscal
Global brokerage house Citi has initiated coverage on AMC Nuvama Wealth Management with a ‘Buy’ rating and a target price of ₹4,110, representing approximately a 27% potential upside. Nuvama's strength lies in its multi-product and open-architecture distribution model in the wealth sector.
Alternative Investment Funds (AIFs) are becoming a popular investment option due to specialized opportunities, higher potential yields, and recent regulatory reforms, according to Alok Saigal of Nuvama Private. The minimum investment threshold of INR 1 crore acts as an entry barrier, attracting sophisticated investors who seek tailored strategies. The AIF category in India has grown tenfold over the last seven years, reaching assets under management of INR 7 lakh crores. These investments typically have a long-term horizon of around ten years, which requires dedicated efforts from advisors to ...
Indian investors are looking to increase the proportion of debt in their portfolios on expectations of a peak in policy tightening, a desire to lock in high yields and as a diversification from