Latest news with #LiberalisedRemittanceScheme
Time of India
2 days ago
- Business
- Time of India
Edelweiss Mutual Fund crosses Rs 1.50 lakh crore AUM, midcap fund surpasses Rs 10,000 crore asset size
Edelweiss Mutual Fund has crossed nearly Rs 1.50 lakh crore AUM as of May 2025, signaling strong investor confidence with over 25 lakh investors. The flagship Midcap Fund has delivered a phenomenal 15-year track record and recently crossed Rs 10,000 crore AUM, Edelweiss Mutual Fund declared this in its fifth investor meet. The event also spotlighted two key strategic initiatives from Edelweiss Mutual Fund Group — the launch of altiva SIF , a new brand identity for its Specialized Investment Funds business, and the expansion of its global investment platform through GIFT City's IFSC. Also Read | Edelweiss Asset Management launches new brand identity 'altiva SIF' Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo The launch of altiva SIF marks a milestone step into the Specialized Investment Funds (SIFs) space, with a focus on offering differentiated investment strategies across equity, hybrid, and fixed-income categories and tailored to meet the evolving needs of Indian investors. The fund house's GIFT City IFSC initiative is designed to facilitate global investing through both inbound and outbound channels. Operating under India's Liberalised Remittance Scheme (LRS), it enables seamless access to offshore investments for NRIs, domestic HNIs, institutions, and foreign funds—with the added advantage of tax parity with Indian regulations and simplified processes for long-term wealth creation. Live Events Edelweiss MF also shared that it has cemented its position as a category pioneer, being the first in India to launch passive factor and thematic funds. Its factor investing vertical has consistently delivered alpha returns by leveraging diversified exposure to quality, growth, and momentum styles, said the fund house in its meeting. The fund house strategy is prioritised by 'performance', led by its flagship funds such as the Edelweiss Flexi Cap, Large & Mid Cap, and Aggressive Hybrid fund. Radhika Gupta , Managing Director & CEO of Edelweiss Mutual Fund in the meet highlighted AMC's focus on future-ready investing, investor-centric innovation, and its expanding role in shaping India's capital markets. "Our investor meet is a testament to the trust and confidence our stakeholders place in us. It's an opportunity to not only reflect on our growth journey but also to share our vision for the future. We remain committed to building a resilient, innovation-driven asset management business that creates long-term value for investors," Gupta said. Also Read | MF Tracker: Will this April midcap star sustain its momentum? According to the fund house, most of these funds have outperformed category averages on rolling return metrics. As of May 2025, the Arbitrage Fund alone manages Rs 13,567 crore, while the Multi-Asset Allocation Fund, launched less than two years ago, has already crossed Rs 1,693 crore in AUM. Besides, on the macro front, Edelweiss MF's equity strategy reflects sectoral overweights in capital goods, financials, and industrials, aligning with the government's infrastructure push, rising power demand, and rural consumption revival. For Indian investors interested in tax-efficient and diversified portfolios, the AMC has also come up with hybrid and income-orientated offerings — including the Balanced Advantage Fund, Income Plus Arbitrage Fund, and Multi-Asset Allocation fund, that have found strong traction across retail and HNI segments. The fund house now manages over 60 schemes across three distinct verticals — fundamental investing, factor investing, and fixed income. A seasoned team of 22+ professionals with over 300 years of combined experience works behind the scenes to deliver maximum returns to investors, the fund house informed. Last month when the fund house crossed Rs 1.50 lakh crore AUM mark, the CEO Radhika Gupta posted on social media which mentioned that milestones aren't end, they are the moments that reassure, energize and inspire. Also Read | Edelweiss Mutual Fund crosses Rs 1.50 lakh crore AUM: Radhika Gupta shares while showing Rs 150 coin In another post the CEO shared a video showing a Rs 150 coin which she feels a privileged one to have. She posted on social media X that, 'Celebrating our 150 with a mega 150! 150,000 crores of AUM for @EdelweissMF , a young financial institution celebrated with 150 years for @bseindia , an iconic financial institution. This coin - legal tender of 150 rupees - is one I am privileged to have. Iconic and for the ages.' The post meant that Edelweiss Mutual Fund has achieved Rs 1.50 lakh crore AUM coinciding with the BSE's 150-year legacy
India Today
3 days ago
- Business
- India Today
Where are India's ultra-rich families investing in 2025?
India's ultra-wealthy aren't just sitting on their fortunes anymore. In 2025, they're stepping out, investing boldly, and thinking globally. A new EY–Julius Baer report, The Indian Family Office Playbook, reveals that many family offices are moving away from traditional wealth preservation and diving into global markets, private credit, and real offices, typically set up by high-net-worth individuals (HNIs) or ultra-high-net-worth individuals (UHNWIs), help manage everything from global investing and succession to philanthropy and is now home to over 300 family offices—up from just 45 in 2018. And while 25% of them still put capital preservation front and centre, the big picture is clear: diversification is in, and legacy-building is taking centre stage. 'Families now seek efficiency, transparency, and global access—all of which require a more structured approach,' said Surabhi Marwah, Co-leader of Private Tax and Partner at EY India. 'The Indian family office ecosystem is at an inflection point where wealth preservation alone is no longer enough.'So what does this new playbook look like? For starters, family offices are investing across borders, with interest rising in global equities, private equity, venture capital, and real estate. Private credit—once a niche space—is quickly gaining popularity for its steady returns and built-in downside protection. And this global hunger is backed by numbers: under the Liberalised Remittance Scheme, outbound flows jumped from $18.8 billion in 2019–20 to $31.7 billion in 2023– it's not just about chasing returns. Global investing brings its own headaches. The report shows 48% of family offices are worried about shifting tax laws, and 37% are grappling with cross-border rules. These concerns are shaping strategy just as much as the returns themselves.'Family offices are increasingly catering to first-generation entrepreneurs who are more risk-tolerant and open to emerging sectors,' said Umang Papneja, CEO of Julius Baer India. 'As the scale and complexity of wealth grow, there's a stronger focus on strengthening governance, growing asset value and planning for legacy succession.'Interestingly, despite the enthusiasm for alternatives, private markets are still approached with caution. About 57% of family offices allocate less than 10% of their portfolios to private equity or venture capital, often due to limited access or a conservative big area of focus is governance and succession. While 59% of families have created wills or constitutions, only 19% have adopted formal structures like private trusts or LLPs. That leaves many still flying blind when it comes to long-term continuity.'Preserving and enhancing generational wealth lies at the heart of every family office,' said KT Chandy, Partner and Co-leader of Private Tax at EY India. 'In the process, they enable seamless succession through structures like private trusts, aligned shareholder agreements, and defined governance roles.'advertisementLooking ahead, family offices in India are expected to double down on global diversification, formal governance, and smarter portfolio tools. GIFT City is fast becoming a favourite for cross-border structuring and tax efficiency. ESG investing is also on the rise, aligning with the values of next-generation wealth big takeaway is that India's family offices are no longer just quiet keepers of wealth. They're becoming agile, global institutions—built not just for returns, but for long-term impact.- Ends
Indian Express
3 days ago
- Business
- Indian Express
Family offices diversifying into global equities, private equity: Report
While 25 per cent of Indian family offices set up by business houses continue to prioritize wealth preservation, many are now actively diversifying beyond traditional assets into global equities, real estate, private equity, venture capital, and alternative investments, says a report on family offices/ Allocations are increasingly moving into global equities, real estate, private equity, venture capital, and other alternatives, says the EY-Julius Baer report. While preserving wealth remains foundational, families are actively diversifying beyond traditional assets. With over 300 family offices now operating in India, up from just 45 in 2018, the ecosystem is becoming more structured, globally focused, and purpose-driven, it said. Family offices are going global as ultra-high-net-worth individuals (UHNIs) expand across borders, with Liberalised Remittance Scheme (LRS) remittances rising from $18.8 billion in 2019–20 to $31.7 billion in 2023–24. A family office is a private wealth management advisory firm established to manage the financial, investment, and personal affairs of an UHNI family. It acts like a full-service financial command centre for the family, offering customized solutions that go far beyond what traditional banks or wealth managers provide. There is a growing focus on formalising governance and succession planning among family offices, it said. 'While 59 per cent of families have put wills or constitutions in place, and 19 per cent have adopted structures like trusts or LLPs, a significant number still lack a comprehensive succession plan – highlighting the need for greater preparedness,' it said. It said private markets are yet to see wider adoption among family offices. As many as 57 per cent of family offices allocate less than 10 per cent of their portfolios to private equity or venture capital, often citing limited access or as a cautious approach. 'Regulatory matters are gaining attention among family offices,' the report further said. Changing tax laws were flagged by 48 per cent of respondents, while 37 per cent cited cross-border complexities, the report said. As Indian families expand globally, they are adopting stronger governance, leveraging digital tools, and focusing on long-term impact. 'Key trends include rising cross-border investments, growing use of GIFT City, increased interest in ESG, and hybrid family office models that blend in-house teams with external experts for greater agility,' it said. 'The Indian family office ecosystem is at an inflection point where wealth preservation alone is no longer enough. Families now seek efficiency, transparency, and global access, all of which require a more structured approach. At the same time, navigating tax and cross-border regulatory frameworks is becoming central to how these offices function and plan ahead,' said Surabhi Marwah, Co-leader, Private Tax and Partner, EY India.
India Gazette
4 days ago
- Business
- India Gazette
India's Family Offices diversifying assets to global, alternative funds: Report
New Delhi [India] June 26 (ANI): While 25 per cent of Indian family offices continue to prioritise wealth preservation, many are now actively diversifying into global and alternative assets, highlights the recently launched EY-Julius Baer report, The Indian family office playbook. The report highlights a transformative shift in how India's ultra-high-net-worth families are diversifying and managing their wealth to grow and govern. Family offices are private wealth management advisory firms that cater to the needs of ultra-high-net-worth individuals and families. The report underscores that while preserving wealth remains foundational, families are actively diversifying beyond traditional assets. Allocations are increasingly moving into global equities, real estate, private equity, venture capital, and other alternatives. With over 300 family offices now operating in India, up from just 45 in 2018, the ecosystem is becoming more structured, globally focused, and purpose-driven. Family offices are going global as UHNIs are expanding across borders, with Liberalised Remittance Scheme (LRS), remittances have risen from USD 18.8 billion in 2019-20 to USD 31.7 billion in 2023-24. As the number of UHNWIs increases, many first-generation and risk-tolerant entrepreneurs are investing in innovative sectors through family offices. Private credit, though still a small segment, is emerging as a key asset class, with family offices increasingly embracing it for its stable returns, downside protection, and diversification benefits. Umang Papneja, CEO, Julius Baer India, said, 'Family offices are increasingly catering to first-generation entrepreneurs who are more risk-tolerant and open to emerging sectors. As the scale and complexity of wealth grow, there's a stronger focus on strengthening governance, growing asset value and planning for legacy succession.' Surabhi Marwah, Co-leader, Private Tax and Partner, People Advisory Services - Tax, EY India, added, 'The Indian family office ecosystem is at an inflection point where wealth preservation alone is no longer enough. Families now seek efficiency, transparency, and global access, all of which require a more structured approach. At the same time, navigating tax and cross-border regulatory frameworks is becoming central to how these offices function and plan ahead.' According to the report, private markets are yet to see wider adoption among family offices. About 57 per cent of family offices allocate less than 10 per cent of their portfolios to private equity or venture capital, often citing limited access or a cautious approach. Regulatory matters are gaining attention among family offices, the report further cites. Changing tax laws were flagged by 48 per cent of respondents, while 37 per cent cited cross-border complexities. The report notes a growing focus on formalising governance and succession planning among family offices. While 59% of families have put wills or constitutions in place, and 19% have adopted structures like trusts or LLPs, a significant number still lack a comprehensive succession plan - highlighting the need for greater preparedness. Key trends include rising cross-border investments, growing use of GIFT City, increased interest in ESG, and hybrid family office models that blend in-house teams with external experts for greater agility, the report added. (ANI)
Indian Express
4 days ago
- Business
- Indian Express
April net FDI inflows at 35-month high, spend on foreign studies down 21%
India received net Foreign Direct Investment (FDI) of $3.95 billion in April, the most in 35 months and more than double from a year ago, data released by the Reserve Bank of India (RBI) on Wednesday showed, while spending on foreign studies under the central bank's Liberalised Remittance Scheme (LRS) was down year-on-year for the ninth month in a row. The surge in foreign investments in the first month of the current fiscal came after March had seen net outflows of $438 million, with six of the last nine months of 2024-25 seeing outflows on a net basis. On a gross basis, FDI inflows in April stood at $8.80 billion – the highest in 39 months – and up 23 per cent year-on-year. Net FDI is calculated after adjusting for investments that are repatriated by foreign companies and overseas investments made by Indian companies. Investments in manufacturing and business services made up nearly half the gross FDI inflow figure in April, RBI economists said in the central bank's monthly State of the Economy article, also published Wednesday. The increase in April follows a particularly difficult year for India, with 2024-25 seeing net FDI inflows of just $2.29 billion, down 77 per cent from $10.13 billion in 2023-24. According to RBI economists, the increase in repatriation in 2024-25 'is a sign of a mature market where foreign investors can enter and exit smoothly'. On a gross basis, FDI inflows into India in 2024-25 were up 14 per cent at $81.04 billion, which the RBI said was indicative of India remaining an attractive investment destination. Earlier this month on June 16, the World Bank had warned that FDI into developing countries had fallen to $435 billion in 2023 – the lowest in nearly 20 years – due to rising trade and investment barriers. According to M. Ayhan Kose, the World Bank Group's Deputy Chief Economist, the sharp drop in FDI for developing countries 'should sound alarm bells'. Reversing the trend, Kose had said, was 'essential for job creation, sustained growth, and achieving broader development goals'. Outbound flows continue To be sure, foreign investors continued to repatriate money in April, although the number more than halved from a year ago to $1.67 billion, the RBI data showed. Even compared to March, the figure was down 36 per cent. In 2024-25 as a whole, repatriation and disinvestment by foreigners had risen 16 per cent to $51.49 billion. FDI by Indian companies, meanwhile, remained robust in April, standing at $3.19 billion, up 169 per cent from a year ago. 'Top sectors for outward FDI included electricity, gas and water, and financial, insurance and business services, while major destinations included Singapore, Mauritius, and Germany,' the RBI's State of the Economy article said. Falling spending on foreign studies Money sent abroad by Indian residents under the RBI's LRS, meanwhile, rose 9 per cent year-on-year in April to $2.48 billion on the back of a 11 per cent increase in spending on travel to $1.27 billion. Travel-related remittances by Indian residents ordinarily makes up more than half the total LRS remittances. However, remittances for foreign studies – another sizable category of overseas spending – was down 21 per cent in April at $164 million. In fact, expenditure under the LRS for overseas studies is 21 per cent down for the first four months of 2025 at $874 million. The fall in April was the ninth month in a row that money sent abroad for studies under the LRS was down on a year-on-year basis. Under the LRS, the RBI permits residents to send up to $250,000 every financial year abroad for certain current and capital account transactions, including travel, studies, medical treatment, and investments in foreign stocks, among others. The continued fall in money sent abroad by Indians for studies comes amid uncertainty in the US, with the number of student visas issued to Indians in January-September 2024 down 38 per cent year-on-year, The Indian Express had reported in December 2024. Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More
