Page 2 - High Networth Individuals
Likhitha Infrastructure IPO sails through after tweaks to structure
Garners 9.5x subscription; offer was to close Thursday but was extended due to shortfall in bids from QIBs even as retail portion saw strong demand
 "Likhitha Infrastructure IPO sails through after tweaks to structure")
HNIs tap new ways to protect debt investments amid record fund raising
Many are looking at covenants previously available only to institutions, such as first loss default guarantees. Covered bonds also gaining in popularity
 "HNIs tap new ways to protect debt investments amid record fund raising")
New AIF benchmarks may be coming soon, Crisil doing data collection
The data collection process is being carried out by CRISIL
 "New AIF benchmarks may be coming soon, Crisil doing data collection")
Hong Kong-based PAG picks 51% stake in Edelweiss Wealth for Rs 2,200 cr
PAG has been an active investor in the Asian region and most of its deals involve taking control as is the case with the latest Edelweiss investment
 "Hong Kong-based PAG picks 51% stake in Edelweiss Wealth for Rs 2,200 cr")
High networth individuals flee mutual funds, run to direct equities
In the equity category, HNIs have shown a preference for investing directly in equities instead of through mutual funds
 "High networth individuals flee mutual funds, run to direct equities")
HNIs, family offices buy corporate bonds at high yields, reap benefits
The yields of some prominent companies are still at very high levels and high net-worth individuals and family offices, who are lapping up these bonds at very attractive rates, are reaping the benefit
 "HNIs, family offices buy corporate bonds at high yields, reap benefits")
Retail investors should worry about quality of funds, rather than size
Portfolio's quality, liquidity vital concerns in debt funds
 "Retail investors should worry about quality of funds, rather than size")
HNIs flock to commercial properties as residential market slows down
Strata sales in the top five cities last year were worth Rs 6,000 crore
 "HNIs flock to commercial properties as residential market slows down")
The rise (and rise) of the family office
Unicorns are toppling older industrialists who have got quashed under debt and distracted diversifications
 "The rise (and rise) of the family office")
Nirmala Sitharaman's Budget 2020: Trust, the new mantra in tax policy
The Centre's commitment to reduce harassment of a sound taxpayer reaffirmed
 "Nirmala Sitharaman's Budget 2020: Trust, the new mantra in tax policy")
Swiss group launches offer for Indians to take up residency, set up firms
One of the key areas of focus would be helping people get Swiss residency under the applicable Swiss laws by providing them a complete relocation solution.
 "Swiss group launches offer for Indians to take up residency, set up firms")
Sebi notifies norms, scraps upfront fees for portfolio management services
Under portfolio management services (PMS), portfolio managers offer customised investment advice to clients, typically high net worth individuals.
 "Sebi notifies norms, scraps upfront fees for portfolio management services")
Street Signs: Wealthy investors cautious on IPOs, bullish market, and more
While the stock listed at more than 50 per cent premium over its IPO price, investors lost money as the huge oversubscription pushed up the break-even threshold to 70 per cent
 "Street Signs: Wealthy investors cautious on IPOs, bullish market, and more")
Ujjivan Small Finance Bank: Despite stellar gains, HNIs book losses
The HNI segment had seen oversubscription to the tune of 486 times
 "Ujjivan Small Finance Bank: Despite stellar gains, HNIs book losses")
Muthoot Finance to raise Rs 1,000 crore via NCDs to fund business growth
The issue opens on September 27, 2019 and closes on October 25, 2019
 "Muthoot Finance to raise Rs 1,000 crore via NCDs to fund business growth")
Use LRS route to start investing in property or for children's education
Many investors also want to invest overseas as they want to send their children abroad for studies
 "Use LRS route to start investing in property or for children's education")
HNIs are actively targeting companies at pre-IPO stage for hefty returns
They can earn super-normal profits, but any delay in the offer would mean a longer holding period
 "HNIs are actively targeting companies at pre-IPO stage for hefty returns")
