Indian IT giants go one up on Dalal Street
The IT majors came out roaring with excellent Q3FY22 financial results. Considering their exposure to mutual fund portfolios across the board, this solid performance is good news for your investments and wealth. IT is also a significant employer in the country and this performance indirectly bodes well for the overall economy.
Optimism prevails amongst Indian biz leaders
According to a survey by ET, business leaders of India Inc are bullish about a pick-up in private investment. This combined with a PMI of 55.5 in December reflects well on the prospects of India Inc. For the prospects of your wealth, this is good news indeed.
Key changes take place in RBL Bank leadership, RBI steps in
While the developments at the helm of RBL bank have hit the bank’s stock price, investors can take heart from RBI’s statements and the management’s communication on the situation. We are watching the developments closely. We also believe individual fund managers are well placed to protect investor interests and take appropriate actions in their respective portfolios.
HSBC Mutual Fund acquires L&T Finance’s MF arm for Rs 3,200 Cr
The acquisition serves both HSBC AMC’s growth plans and L&T Finance’s strategic aim to strengthen its balance sheet. For investors in L&T AMC’s funds, though, little is likely to change at this stage. Fund managers and leadership remain the same. We will keep an eye on this and inform you if something fundamental changes.
Shriram consolidates group companies to create India’s largest NBFC
Shriram group’s consolidation exercise will create India’s largest NBFC, Shriram Finance Ltd. While the market has reacted negatively to this, for now, the long term impact on investor wealth is unclear. It’s definitely something we will keep our eye on and see how it all pans out.
Practical Insights For Wealth Creation
Our weekly finance newsletter with insights you can use
Your privacy is important to us
Talk is no longer cheap as prepaid tariffs hiked by major telecom players
Improving profitability is a key driver that is driving major telecom players to increase pre-paid tariffs. It is hoped that this move will do much to make the sector sustainable and financially healthy. In the long run, this move is likely to have a positive impact on investor wealth.
How much will I be charged when investing with Stockal?
Below are the charges which will be charged: Account Opening and Maintenance Charges: 0Third Party Charges:Brokerage (on buy and sell trades) 0.50% of the trade value (minimum $1 per trade)One Time Account Setup: $5 (for processing of Form W-8BEN to prevent...
What are the steps to place a withdrawal request from my US Stocks account, where my source bank is in India but the destination bank is in a different country?
You need to send a withdrawal request letter with the required details mentioned below:Your nameYour Stockal account numberWithdrawal amount in USD ($)Reason for the withdrawalWhy it is requested to a different countryDestination bank’s Bank account numberYour name as per the...