assets | Common News Update

Mar72021 by adminNo Comments

Women borrow more for home purchase than other assets : CRIF Highmark

Finance

Indian women are focusing more on building hard assets than comforts. They are availing more credit in the form of home loans as compared to personal and auto loans, data from credit bureau CRIF Highmark shows. Women account for 29 per cent of the Rs 20 lakh crore worth home loans extended by Indian lenders as of December 2020. While their share in Rs 4.6 lakh crore auto loans and Rs 5.9 lakh crore personal loans is as at 16 per cent each, according to the credit bureau. But the pandemic seems to be forcing women to go for unsecured personal loans. Active personal loans to women borrowers have spiked by 23% year-on-year or y-o-y as of December 2020, while that for home loans has increased 5% y-o-y. Active auto loans to women borrowers have reduced by 4% during the period. A total of 1.8 cr...

Feb132021 by adminNo Comments

Former SBI chief Rajnish Kumar to be exclusive advisor for Kotak Group’s USD 1 billion-stressed assets fund

Finance

Mumbai: Former chairman Rajnish Kumar was on Friday appointed as the exclusive advisor to a USD 1 billion-stressed assets fund floated by the group. Kumar retired as the chairman of the country's largest lender in October last year after an over four-decade career. Earlier this week, there were reports of global private equity major Baring Private Equity Partners appointing Kumar as an advisor. In a statement, Kotak Investment Advisors (KIAL) on Friday said Kumar will be the "exclusive advisor for its USD 1 billion special situation fund". KIAL had announced a fund raise of USD 1 billion in August 2019, anchored by a USD 500 million commitment from Abu Dhabi Investment Authority, a sovereign wealth fund. According to reports, KIAL was to invest the money over a four-year period while the...

Dec182020 by adminNo Comments

Mutual fund assets to touch Rs 50 lakh crore by 2025: Crisil

Finance

Ratings agency Crisil on Thursday said the mutual fund industry will post double-digit growth for the next few years and its assets under management will cross Rs 50 lakh crore by 2025. Crisil's research wing said the increase in inflows is bound to be fuelled by investments into equities as against other asset classes. Investor interest in the mutual funds segment has been changing lately because of market volatility, and the average assets under management stood at around Rs 30 lakh crore as of November 2020. "Over the five years through 2025, we expect the industry's assets under management (AUM) to continue its double-digit growth and cross the Rs 50 lakh crore mark," Crisil's Managing Director and Chief Executive Officer Ashu Suyash said. She said equities, whose share stands at 42...

Dec112020 by adminNo Comments

Avoid these mistakes when divvying up assets in a divorce

Finance

Courtney Keating | E+ | Getty ImagesTalk to anyone who's gone through divorce and they'd likely say the experience was no walk in the park.Yet the notion may be weighing on more spouses during the pandemic, some research shows. For instance, based on Loanry.com's internal data, there's been a 62% increase in loan inquiries related to divorce expenses in the last 12 months, the company said.However, that may not translate into a higher divorce rate in 2020, even if more people are exploring the idea."We all had predicted it, but we're not seeing it yet," said Elizabeth Lindsey, president of the American Academy of Matrimonial Lawyers.Zoom In IconArrows pointing outwards"I think some people are waiting to see how long this [pandemic] is going to last," Lindsey said. "There may end up being s...

Dec182019 by adminNo Comments

Some advisors look beyond clients’ assets when giving investment advice

Finance

Ariel Skelley | DigitalVision | Getty ImagesFor some financial advisors, the person behind the assets is the key to providing the best investment advice possible.That is, awareness of the nuanced differences that distinguish clients helps those advisors construct investment portfolios based on more than, say, a person's age and how long until they need the money."We don't use one-size-fits-all model portfolios or dictate a generic risk tolerance," said certified financial planner Victoria Trumbower, managing member of Trumbower Financial Advisors in Bethesda, Maryland. Trumbower Financial ranked No. 22 on the CNBC FA 100 list of top financial advisors for 2019."We develop unique investment policies and design portfolios for each client," Trumbower also said. "There is a consistent app...