Latest news with #ShriramWealth
Time of India
10-07-2025
- Business
- Time of India
Legacy companies pan focus on financial services for affluent, HNIs and UHNIs
Chennai: Legacy companies offering financial products for the common man have turned their attention towards services for affluent, high net-worth individuals (HNIs) and ultra high net-worth individuals (UHNI) investors. These groups with a strong footing in the financing space for the SMEs, commercial vehicles, consumer and enterprise, farm and construction equipment, besides engaged in retail stock broking, insurance and chit funds, have forayed into dedicated wealth management services for the sophisticated financial needs of the affluent segments recently. With traditional lending models grapple with narrowing margins, rising regulatory burdens, and fintech-led disruption, decades old NBFCs and diversified financial institutions are increasingly entering the wealth management space, driven by a confluence of structural and strategic factors, according to industry experts. Further, wealth management is a natural extension that allows for cross-selling of products such as Portfolio Management Services (PMS), Alternative Investment Funds (AIF) and family office services for legacy institutions with established ties to SME promoters and entrepreneurial families, they observed. HNIs are those with an investable asset of a minimum of $1 million, while UHNIs are those with more than $30 million assets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top Game Deals – Up to 90% Off! Shop Now Undo India is home for over three million affluent, HNI and UHNI households. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai Last month, more than 50-years-old Shriram Group launched Shriram Wealth, a 50:50 greenfield joint venture with South Africa's Sanlam Group. The company will offer wealth management, lending solutions, protection solutions, global investment opportunities, and inheritance and legacy planning to the affluent and HNI investors. It is targeting an Asset Under Advice (AUA) of Rs 50,000 crore over next five years. "Many of Shriram Group's long-standing clients have grown in their financial journey—from credit seekers to wealth creators. This upward shift in financial capability necessitates a more sophisticated, solutions-led approach to wealth. The move is also aligned with the group's vision of offering end-to-end financial solutions under one roof, ensuring customers continue to grow within our ecosystem as their financial needs mature," Vikas Satija, MD & CEO, Shriram Wealth said. The company is also planning to onboard 500 specialised wealth professionals for the purpose, he added. A fortnight ago, seven decades old NBFC Sundaram Finance announced that it has expanded Sundaram Wealth as a dedicated wealth management offering to cater to the financial needs of HNI, UHNIs and affluent families. It is targeting an AUM of Rs 20,000 crore – Rs 25,000 crore over the next four to five years. Prime Securities, a listed Merchant Banker with three decades of expertise in the financial sector, has branched out into the wealth management arena with TriGen Wealth in 2024. "India is undergoing an exciting transformation with a significant generational wealth transfer and a surge of wealth creation by first-time entrepreneurs and young professionals. These developments are expanding opportunities at an unprecedented scale," said Sailesh Balachandran, founder and joint-CEO, Prime Trigen Wealth. It is targeting more than $3 billion in Assets under Administration (AuA) in five years. Mahendra Patil, founder and managing partner, MP Financial Advisory Services LLP said, "Legacy financial services firms are repositioning themselves as lifecycle financial partners for India's growing affluent class. With trust as their biggest asset and an existing base of promoter-driven relationships, these firms are well-placed to gain share in India's fast-maturing wealth ecosystem," he added.
New Indian Express
09-07-2025
- Business
- New Indian Express
SIPs cross Rs 27,000-crore mark; total AUM soars to Rs 74.4 trillion: Amfi
However, inflows through new fund offers fetched only Rs 1,986 crore, 52% down from the previous months when it was Rs 4,170 crore. Inflows through the systematic investment plan (SIP) route rose to a new high of Rs 27,269 crore in June, highlighting retail investors growing discipline and resilience despite market volatility. This marked a 2.2% increase over Rs 26,688 crore seen in May, and a 5.2% rise over March. The number of contributing SIP accounts also rose from 8.56 crore to 8.64 crore in June, taking SIP assets under management to Rs 15.31 trillion, or 20.6% of the fund industry's total assets, up from 20.2% in May. Total mutual fund folios reached 24.13 crore in June, of which retail folios across equity, hybrid, and solution-oriented schemes rose to 19.07 crore from 18.84 crore in May. Retail AUM across these schemes stood at Rs 43.99 trillion up from Rs 42.2 trillion in May. Commenting on the numbers, Venkat Chalasani, the chief executive of Amfi said, "while market volatility has made some investors cautious, we're also seeing a healthy shift towards hybrid and arbitrage funds, a trend that shows maturing investor behaviour and a preference for balanced risk strategies in uncertain times. 'In the equity funds category, large cap funds led gains with inflows of Rs 1,694 crore, up 35% from Rs 1,250.5 crore in the previous month, while small cap funds led gains in open-ended schemes with inflows of Rs 4,024.5 crore, up 25% from Rs 3,214 crore in May. Mid cap funds also saw inflows of Rs 3,754 crore, marking a 34% increase from Rs 2,808.7 crore. On the other hand, sectoral/thematic funds saw inflows falling by a whopping 77% to Rs 475.61 crore from Rs 2,052.5 crore, while ELSS funds saw outflows of Rs 556 crore, down 18% from Rs 678 crore outflows. Dividend yield funds posted inflows of Rs 45.55 crore, reversing from an outflow of Rs 20.82 crore in ETFs saw inflows jump to Rs 2,080.9 crore, rising over six-fold from Rs 292 crore in May, a 613% surge. Other ETFs saw inflows of Rs 844.43 crore, buy down 79% from Rs 4,086.8 crore. Inflows into hybrid funds rose to Rs 23,223 from Rs 20,765 crore in May and arbitrage funds saw the second highest inflows across categories at Rs 15,584 crore around 0.7% lower than 15,702 crore. Open-ended income/debt-oriented mutual funds saw net outflows of Rs 1,711 crore, a 89% increase from Rs 15,908 crore, while liquid funds continued to see heavy outflows at Rs 25,196 crore, though down 37% from Rs 40,205 crore. Overnight funds also remained in the negative zone with Rs 8,154 crore outflows. Shorter-duration categories saw strong inflows. Ultra short duration funds rose 59% to Rs 2,944 crore, while low duration funds were steady at Rs 3,136 crore. Short duration funds jumped 474% to Rs 10,277 crore from Rs 1,790 crore. Money market funds collected Rs 9,484 crore, down 15%; corporate bond funds saw inflows of Rs 7,124 crore, 41% lower from Rs 11,983 crore. Naval Kagalwala of Shriram Wealth noted as much as two-thirds (65.7%) of the monthly growth came from equity and hybrid schemes representing a growing interest for investing in equities. This should help build long-term wealth for investors. "However, 25% of the monthly growth is in mid, small and sectoral/thematic schemes, which are relatively higher risk, which calls for investors to diversify and allocate across categories and asset classes, in line with their risk profile," he added. Morningstar India's Nehal Meshram said that with net inflows crossing Rs 8,000 crore in the first half of 2025, gold ETFs are increasingly being used as part of long-term asset allocation strategies. The trend highlights gold's continued relevance in diversified portfolios, particularly amid uncertain economic and policy backdrops. Narender Singh of Growth Investing, says that the funds industry rolled out impressive data sets for June, with net inflow of 49,095 crore, 66% jump over May.
The Hindu
21-06-2025
- Business
- The Hindu
Investors want to buy multiple financial products under a single umbrella, says Shriram Wealth's Vikas Satija
Chennai-based Shriram Group, which recently announced its foray into the wealth management business in partnership with South African financial services player Sanlam Group that globally manages assets worth over $80 billion, said it would serve India's growing base of affluent and high-networth investors with personalised solutions designed with the help of artificial intelligence. Shriram Wealth, the wealth management arm of the group, said it would offer a range of services including wealth management, lending solutions, protection solutions, global investment opportunities, inheritance and legacy planning. On market potential, Vikas Satija, Chief Executive Officer and Managing Director, Shriram Wealth told The Hindu that: 'India has 30 lakh households with each home having investable financial assets in excess of ₹2 crore. This opens up a huge market opportunity for wealth- management business.' Although new investor behaviours have been constantly evolving, the traditional Systematic Investment Plan (SIP) alone attracted ₹26,000 crore a month, which amounts to savings of ₹2,64,000 crore a year. 'This gives lot of depth to the capital market today and SIPs can even help absorb some of the pressure from Foreign Institutional Investor exits and overall, manage the pressure on the markets,'' Mr. Satija said. On emerging investor trends, Mr. Satija, said clients were increasingly looking forward to buying multiple products from a single company, unlike the conventional way of going to banks/NBFCs for deposits, insurance firms for various insurances, someone else for mutual funds etc. 'The emerging trend is, customers now prefer to buy all what they want, in terms of alternate investments, under a single umbrella. They want a Swiggy or Zomato for financial services,'' he observed. Paul Hanratty, CEO, Sanlam Group said, 'We see wealth management as a natural evolution as India's economy grows, and people become wealthier. Our aim is not just to manage money, but to create meaningful solutions. This isn't a short-term play; we're here to build a trusted, customer-first wealth business in India for the next 100 years.'' Shriram Wealth said primary target audience would be typically individuals in the 45 years plus, as generally wealth resided in that age group while additional thrust would be on customer relationship over number of transactions. The company would also be deploying artificial intelligence to enable personalised advisory, to make risk profiling sharper to ensure real-time portfolio recommendations. A digital mindset would make Shriram Wealth a provider that is anticipating investor needs rather than just responding. Subhasri Sriram, MD & CEO, Shriram Capital said, the new business, wealth management, was a mission of the company to unlock financial prosperity for millions of Indians.
Yahoo
13-06-2025
- Business
- Yahoo
Shriram Group, Sanlam establish wealth management venture in India
Shriram Group has entered the wealth management sector through a partnership with South Africa's Sanlam Group, targeting India's affluent and high-net-worth individuals (HNIs). The 50:50 JV, named Shriram Wealth, aims to achieve Rs500bn ($5.84bn) in assets under advice (AUA) and recruit 500 wealth management professionals over the next five years. Shriram Wealth will offer a range of services, including mutual funds, alternative investment funds, portfolio management, lending solutions, protection plans, global investment opportunities, and legacy planning. Operations will begin in the top ten cities, with plans to expand to ten more cities within a year, focusing on both metropolitan and emerging Tier 2 and Tier 3 markets. The JV will cater to three client categories, including mass affluent clients with assets between Rs1m and Rs20m, high-net-worth individuals with assets from Rs20m to Rs250m and ultra-high-net-worth individuals with assets exceeding Rs250m. The management has recruited professionals with 15 to 20 years of experience in banking and non-banking sectors, aiming to leverage their client base and diverse product offerings to explore new demographics. Shriram Wealth managing director and CEO Vikas Satija said: 'Currently, only about 15% of financial assets in India are professionally managed, compared to 75% in mature global markets.' Last month, Sanlam formed a partnership with Shriram Asset Management Company (Shriram AMC), a division of the Shriram Group. Shriram AMC offers a range of financial services, including commercial vehicles, consumer finance, life and general insurance, stock broking, chit funds, and financial product distribution. "Shriram Group, Sanlam establish wealth management venture in India" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Hindu
12-06-2025
- Business
- The Hindu
Shriram Group forays into wealth management through joint venture with Sanlam
Shriram Group announced its entry into a wealth management business though its joint venture with South African financial services company Sanlam, on Thursday. Sanlam will have a 50% stake in the joint venture. 'With Shriram Wealth, our vision is to be the most trusted partner, maximizing client wealth and create value that endures over time,' said Vikas Satija, Managing Director & CEO of Shriram Wealth. The company targets a ₹50,000 in Asset Under Advice (AUA) in the next five years, according to the statement. 'The venture will begin operations in India's top 10 cities, expanding to 20 cities in next year, with a strong focus on Tier 2 and Tier 3 markets — regions where Shriram Group has long-standing brand equity,' the statement read.
