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Stocks, rupee slip on Saudi oil slick

Mint, Sep 16, 2019

• Crude prices rising by a dollar would increase India’s import bill by roughly $1.6 billion a year, according to an estimate • On Monday, the Indian rupee weakened 0.94% to close at 71.60 a dollar Mumbai: India’s rupee weakened and stocks declined after drone attacks on Saudi Arabia’s oil facilities sent crude oil prices…

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Indian wealth manager recruits female director

Citywire Asia, Sep 13, 2019

Mumbai-based Sanctum Wealth Management has recruited an executive from Axis Bank, the country’s third-largest private lender. Sarita Kamat joined as executive director, relationship management in September. She reports to Puneet Periwal, a market head who oversees the western region. Kamat brings more than 25 years of experience in wealth management, mutual fund distribution, and advisory…

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Wealth managers unearth value in smaller towns to beat the slowdown blues

Business Standard, Sep 10, 2019

Prateek Pant, head of product and solutions at Sanctum Wealth Management, had his team visiting Gujarat for a few years to service clients there; and earlier in 2019 decided to create a more permanent base. “We went to Ahmedabad and opened up a branch there earlier in the year,” he said, adding that he is…

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How realty funds burnt a hole in investors’ pockets

MINT, Sep 9, 2019

• Slowdown in the sector and poor selection of projects seem to have hit them hard • Apart from physically buying a flat or land, you can invest in the real estate asset through NCDs, AIFs or REITs It all begins with a smooth pitch delivered either at your home or in an expensive café….

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