Latest news with #RadhikaGupta
Time of India
3 days ago
- Business
- Time of India
Radhika Gupta announces new book- Mango Millionaire! A guide to personal finance
Radhika Gupta, CEO of Edelweiss Mutual Fund , has announced a new book on investing which will have simple concepts, stories and ideas in a way everyone can understand investing. She mentioned that her new book 'Mango Millionaire' in collaboration with Niranjan Avasthi of Edelweiss Mutual Fund, will be available from July 15. Also Read | ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May 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 Access all TV channels anywhere, anytime Techno Mag Learn More Undo Radhika Gupta and Niranjan Avasthi draw from their extensive experience at Edelweiss Mutual Fund – one of India's leading and fastest-growing asset management companies – to bring you Mango Millionaire – a crisp, reliable and no-nonsense guide to smart financial planning. It is in the field to present an invaluable, practical guide on personal finance. It is written in an approachable style; the book offers clear, relatable money advice for everyone - from complete beginners to those ready to take charge of their financial future, according to a press release. Live Events How much should you spend and how much should you save? Should you rent or buy? How much debt is too much? Which insurance policy is right for you? How do you choose the best investment product? If you've ever found yourself grappling with these questions, you're not alone. As India's financial landscape has evolved, the sheer number of choices have grown, but so have the myths and misinformation. Managing money isn't just for the privileged few; it's for everyone – especially the aam janta, or the mango people, the release said. From budgeting and saving to investing, debt management, risk and taxes, it lays down practical advice in bite-sized, easy-to-read chapters. Packed with insightful stories from real investors and easy-to-follow steps, Mango Millionaire slices through the jargon and serves up practical answers to empower you to take control of your financial future. Also Read | Eternal and Vedanta among stocks which Edelweiss Mutual Fund bought and sold in May The fund is written in an approachable style, the book offers clear, relatable money advice for everyone - from complete beginners to those ready to take charge of their financial future. The book simplifies complex financial and investment concepts through relatable real-life examples and stories from films and sports. It cuts through common myths and misinformation and empowers readers with clear, actionable steps for taking control of their financial future. Adopts a disciplined, long-term framework for money management -saving, growing, and sustaining wealth, the release said. Radhika Gupta is also the author of Limitless, a guide to achieving success through personal growth and self-investment whereas with over two decades of rich experience in the financial services industry, Niranjan Avasthi is a seasoned leader known for his deep insights on mutual funds, investor behaviour and market trends.
Time of India
3 days ago
- Business
- Time of India
Indian mutual fund industry AUM grew 20% CAGR in past 10 years vs 8% in US: Franklin Templeton India MF
The Indian mutual fund industry's asset under management has grown at a rate of 20% CAGR in the past 10 years, and 24% CAGR in the last 5 years, according to a press release note by Franklin Templeton India Mutual Fund on the development in the Indian mutual funds industry. The industry's AUM now stands at an all-time high level of Rs 72.2 lakh crore. The domestic mutual fund industry has added over Rs 13.3 lakh crore to AUM over the past year. In comparison, the US Mutual Fund assets have grown over 2X at 8% CAGR in the last decade. The overall assets under management (AUM) grew by 24% CAGR in the last 5 years and 20% CAGR in the last 10 years respectively, ended May 2025. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Also Read | ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May The domestic mutual fund industry has become a force to reckon with, it can negate the impact of FII outflows. Net inflows for DIIs were Rs 6 lakh crore for the last 12 months (till May 2025) vs net outflows of Rs 3.1 lakh crore for FPIs. Live Events The mutual fund industry's asset under management's percentage to bank deposits in India has grown 3X in the past 10 years. It has grown from 12.6% in 2015 to over 31% in May '25. MF AUM is now about one third of Bank deposits. The mutual fund industry is moving beyond the top 15 cities in India. The share of B15 cities rose from 25% in March 2020 to 35% in March 2025. The B30 cities' AUM Growth Outpaced T30 AUM Growth. Share of B30 AUM in Industry AUM increased from 16% in Dec 2020 to 18% in May 2025 Maharashtra, Delhi, Karnataka and Gujarat remain the top 4 states in term of AUM generation. But in terms of growth, Telangana (32.08%) and Haryana (27.90%) have seen the highest AAUM growth over the year. Also Read | Eternal and Vedanta among stocks which Radhika Gupta's Edelweiss Mutual Fund bought and sold in May The total Investor count rose to 5.49 crore in May 2025, around 3.19 lakh investors added in May 2025. As much as 89 lakh new investors were added in the last 12 months vs 78 lakh in the same period last year. The sectoral/thematic funds' category witnessed the highest gross/ net sales over the last 12 months. Most equity categories witnessed positive net sales in May 2025.
Economic Times
3 days ago
- Business
- Economic Times
Indian mutual fund industry AUM grew 20% CAGR in past 10 years vs 8% in US: Franklin Templeton India MF
Indian mutual fund industry shows impressive growth. Assets under management increased significantly over the past decade. The industry's AUM reached a record high of Rs 72.2 lakh crore. Domestic investors offset foreign outflows. Mutual fund assets now constitute a substantial portion of bank deposits. Smaller cities are contributing more to the industry's growth. Investor count is also on the rise. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian mutual fund industry's asset under management has grown at a rate of 20% CAGR in the past 10 years, and 24% CAGR in the last 5 years, according to a press release note by Franklin Templeton India Mutual Fund on the development in the Indian mutual funds ind us try's AUM now stands at an all-time high level of Rs 72.2 lakh crore. The domestic mutual fund industry has added over Rs 13.3 lakh crore to AUM over the past year. In comparison, the US Mutual Fund assets have grown over 2X at 8% CAGR in the last decade. The overall assets under management (AUM) grew by 24% CAGR in the last 5 years and 20% CAGR in the last 10 years respectively, ended May Read | ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May The domestic mutual fund industry has become a force to reckon with, it can negate the impact of FII outflows. Net inflows for DIIs were Rs 6 lakh crore for the last 12 months (till May 2025) vs net outflows of Rs 3.1 lakh crore for mutual fund industry's asset under management's percentage to bank deposits in India has grown 3X in the past 10 years. It has grown from 12.6% in 2015 to over 31% in May '25. MF AUM is now about one third of Bank mutual fund industry is moving beyond the top 15 cities in India. The share of B15 cities rose from 25% in March 2020 to 35% in March 2025. The B30 cities' AUM Growth Outpaced T30 AUM Growth. Share of B30 AUM in Industry AUM increased from 16% in Dec 2020 to 18% in May 2025Maharashtra, Delhi, Karnataka and Gujarat remain the top 4 states in term of AUM generation. But in terms of growth, Telangana (32.08%) and Haryana (27.90%) have seen the highest AAUM growth over the Read | Eternal and Vedanta among stocks which Radhika Gupta's Edelweiss Mutual Fund bought and sold in May The total Investor count rose to 5.49 crore in May 2025, around 3.19 lakh investors added in May much as 89 lakh new investors were added in the last 12 months vs 78 lakh in the same period last year. The sectoral/thematic funds' category witnessed the highest gross/ net sales over the last 12 months. Most equity categories witnessed positive net sales in May 2025.
Time of India
3 days ago
- Business
- Time of India
Eternal and Vedanta among stocks which Radhika Gupta's Edelweiss Mutual Fund bought and sold in May
Edelweiss Mutual Fund , led by CEO Radhika Gupta , increased its holdings in 401 stocks and reduced its stake in 117 stocks in May, according to monthly data from Prime Database. Some of the key stocks where the fund house raised its holdings include HDFC Bank , State Bank of India, Eternal , Reliance Industries, Cipla, PNB Housing Finance, L&T, Coforge, Bharti Airtel, Varun Beverages, BSE, Adani Enterprises, Bharat Forge, Oil India, REC, ITC, and IndusInd Bank, among others. Also Read | ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The fund house reduced its exposure in these stocks - LIC Housing Finance, Dixon Technologies, TCS, Jio Financial Services, Vedanta , PFC , Vodafone Idea , Lupin, IRCTC, Shree Cement, MRF, Blue Star, Hindustan Zinc, Eicher Motors, Nestle India, and others. Around four new stocks were added to the portfolio in May, which include Aether Industries, Belrise Industries, Orient Cement, and Ather Energy. Around 20.52 lakh shares of Belrise Industries were added to the portfolio through IPO. Around 8.90 lakh shares of Aether Industries and 1.50 lakh shares of Orient Cement were added to the portfolio in the same month. Live Events The fund house added 1.35 lakh shares of Ather Energy to its portfolio in a similar time frame. Edelweiss Mutual Fund made a complete exit from eight stocks, which include NOCIL, Cyient DLM, Stanley Lifestyles, Jupiter Life Line Hospitals, Laxmi Dental, Protean EGov Technologies, Medi Assist Healthcare Services, and Rategain Travel Technologies. There were no unique stocks in the portfolio of the fund house in the said period. Also Read | Money market funds outshine liquid & overnight funds in May. Time to rethink emergency fund strategy? The industry-wise shareholding of the fund house includes 29.11% in financial services, 16.46% in consumer discretionary, and 10.21% in industrials. The allocation in the healthcare industry was recorded at 9.30%, followed by 8.58% in commodities. The lowest allocation was in the diversified industry which was 0.01% in May. Edelweiss Mutual Fund had an AUM of Rs 1.72 lakh crore as on May 31, 2025 and manages 63 funds as of now which includes 25 equity schemes, five hybrid funds, 20 debt funds, three commodity-based funds, and 10 passive funds.
Mint
10-06-2025
- Business
- Mint
Planning retirement without kids? Here's how to make the most of it
Are some dreams worth sacrificing? For a growing tribe of double-income, no-kids (Dink) couples, the answer is a clear "yes". These are dual-income households that have chosen not to have children, by choice or circumstance, and are, as a result, rewriting the rulebook on what retirement can look like. The Dink lifestyle is often associated with freedom–freedom from parental responsibilities, from stress, and sleepless nights. But beyond these preferences, there's a financial case, especially when you crunch the numbers. A Mint story earlier estimated that a parent spends roughly ₹25-50 lakh on a child's school education, depending on the type of school they select. Higher education costs are even higher. Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, said that she aims to build a ₹10 crore corpus for her son's higher education in the next 20 years. Deepak Shenoy, founder and CEO of Capitalmind, said in today's terms, he needs ₹2.4 crore for his son's education in the US. His son still had four years left before starting college. According to Mint's calculation, it will take roughly ₹58.2 lakh (in today's time) to take care of a newborn's basic expenses, and later schooling and higher education. If parents plan a higher education in the US, it can increase to nearly ₹3 crore. The calculation assumes the current price and future costs can be significantly higher after accounting for inflation. 'Not having to deal with a child's education expenses, marriage, and all other costs means achieving their retirement income becomes easy," said Abhishek Kumar, an RIA and founder of Sahaj Money. But how do you translate this financial headroom into a stable, secure retirement? Two options stand out: Joint life annuity and reverse mortgage. Joint life annuity Life insurance companies offer various kinds of annuities. Here's how it works: Investors give an upfront amount to life insurance companies in return for a fixed amount of interest. They can be structured in various ways, like when the annuity is guaranteed for a certain period, and the family members of the holder get the payout for a set period even when the subscriber passes away, or when the payout will continue as long as the subscriber lives, but the initial investment would be returned after the holder's death. Couples without kids don't have to leave behind anything for their family. They can opt for higher monthly payouts without worrying about passing on wealth. In this 'joint annuity for life' format, the annuity pays out as long as either spouse is alive, but stops after both pass away. If either of the spouses is alive, they have to continue the repayments. The life insurance offers a higher interest for such a product, especially if the couple is old. The annuity provider's calculation is that the couple will pass away before they (the annuity service provider) start losing money. Here's an example: A 75-year-old couple investing ₹1 crore in such a plan could get ₹76,452 monthly (9.17% annually), according to NSDL data from June 2024. The number is calculated by taking the average of what all annuity service providers (ASP) were offering on 8 June 2024. If only one person opts in, the payout can go as high as ₹95,762 (11.49%). Ravi Saraogi, an RIA and co-founder of Samasthiti, said that such high interest looks attractive, but it is not inflation-adjusted. He also said that there are policies that increase the rate of growth of annuities, but those typically start with lower interest rates. Moreover, interest rates offered by annuity service providers (ASPs) will change over time, and investors have to decide whether it is worth it based on the prevailing rates at that time. Saraogi said that annuity planning looks simple due to the fixed interest component, but it is not as simple as it looks. 'People need to make calculations of inflation and also need to smartly invest the balance amount left after spending to inflation-protect future annuity payments. Annuity is not a hassle-free product as most think; it involves substantial planning," added Saraogi. People can buy annuity plans independently, whereas subscribers of National Pension Scheme (NPS) have to mandatorily invest 40% of their corpus into an annuity product after they turn 75. They can start allocating to annuities at age 60. Also Read | Retiring soon? A three-bucket strategy may be just the ticket for your bucket list. Reverse mortgage Traditionally, Indian families pass down their homes to children. But for Dink couples, that obligation doesn't exist. This opens the door to a lesser-known financial tool: reverse mortgage. You pledge your self-occupied house to a bank, and in return, receive monthly payouts for a fixed period. The bank recovers the loan—principal and interest—by selling the house after both spouses pass away. For instance, if a couple owns an eligible home worth ₹1 crore, then the banks may agree to disburse a loan of let's say ₹ 80 lakh (80% loan-to-value ratio). If the interest rate offered is 10.5% and the term is for 15 years, then the couple will receive a ₹18,432 monthly payout for the agreed term. Banks will recover the total loan amount of ₹80 lakh by auctioning the property after both couples die and pass on the remaining amount to a family member or assigned heir. Banks have the right only to the loan amount and not the entire sale value. Banks generally offer 10-13% for reverse mortgage loans. Harsh Roongta, an RIA and founder of Fee Only Investment Advisers, said that the interest rate in reverse mortgage is typically high, and people should be mindful of how much they are getting and for how long. 'They can't throw you out of the house unless you die, but the payments can stop," Roongta added. Roongta says people should also be mindful of the other downsides. Firstly, such assets are hardly picked up, and neither are banks keen to advertise them. There is also a cap of around ₹1-2 crores that many banks have on reverse mortgage loans, which may not be enough for many people, especially those in metropolitan cities. If the property/building is ancestral and is older than 40 years, banks might not accept it for a reverse mortgage. They also have to mandatorily take home and life insurance, even when the premiums might be high. Another caveat is that the borrower (senior citizen) must reside in the mortgaged house. If they don't stay there for more than 12 months, banks can take possession of the property. Also Read: Why most retirees don't find refuge in reverse mortgage Is it really stress-free? Investment advisor Abhishek Kumar said that both products involve substantial risk, as the principal amount is locked up in both cases, and senior couples might need a lump sum in case of a medical emergency. In the case of a reverse mortgage, the house cannot be sold or vacated even in case of emergencies, and a joint annuity for life requires subscribers to commit to a huge upfront lock-in amount. In a reverse mortgage, in case of a medical emergency or other such cases, most banks offer lump sum payments, but are limited to 50% (capped at ₹15 lakh) of the total loan amount. So what is the alternative? Kumar said that buying a mix of equity and debt through mutual funds and doing a systematic withdrawal plan (SWP) might be more suitable if it is planned out well. Senior citizens can also buy high-rated bonds, which can be sold off in the secondary market. Roongta said that the two products—joint life annuity and reverse mortgage—sound good in theory, but real life can be entirely different. Mint advises people to consult a registered investment advisor to draft a plan before taking any action. Also Read: Why more equities won't save you from low withdrawal rates in retirement
