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In India, traditional banking institutions were once the go-to for households seeking savings and investments options, whether it was recurring deposits, fixed deposits or other government schemes. Individuals rarely went beyond their trusted banks for investments. However, a significant shift has taken place with the rise in <keyword id="21051314" type="General" weightage="20" keywordseo="investment-awareness" source="Orion">investment awareness</keyword> and accessible avenues. Retail investors are now embracing alternative options like <keyword id="176782" type="General" weightage="20" keywordseo="systematic-investment-plans" source="Orion">systematic investment plans</keyword> (SIPs), reflecting a move away from exclusive reliance on banks. <cmsannotation type="cmsannotation" annotationid="Stellar growth in SIPs" comment="subhead" text="Stellar growth in SIPs">Stellar growth in SIPs</cmsannotation> According to reports, the total AUM (assets under management) of the domestic mutual fund industry surged to Rs 50.78 trillion in December 2023, with a total of Rs 176.1 billion flowing in through SIPs and over 40 lakh new accounts being opened in the same month. The end of 2023 also witnessed the total number of unique investors climbing to an enviable 42.1 million, from 19.1 million five years ago. Further, data sourced from the Association of <keyword id="6357979" type="General" weightage="20" keywordseo="mutual-funds" source="Orion">Mutual Funds</keyword> in India (AMFI) revealed a notable uptick in <keyword id="35471" type="General" weightage="20" keywordseo="sip" source="Orion">SIP</keyword> contributions, which rose from Rs 926.93 billion in 2018-19 to Rs 1.42 trillion by February 2023, marking a substantial 53% increase over a span of five years. This surge underscores the growing appeal of SIPs, with an increasing number of individuals embracing this investment avenue to augment their earnings through modest financial commitments. SIPs represent a systematic approach to mutual fund investment, enabling investors to allocate funds across various mutual fund schemes encompassing equity, debt, hybrid and commodity funds through regular contributions, as opposed to lump-sum investments. Another intriguing statistic indicates that, over the last half decade, over 350 equity mutual funds have offered average SIP returns of over 21%, which means that investors who allocated Rs 5000 per month, to these schemes, for the last five years, would have seen their invested corpus rising from Rs 3 lakhs to 5.46 lakhs. This optimal compounding effect unlocked by SIPs makes the investment option extremely attractive to investors keen on attaining long-term wealth. <cmsannotation type="cmsannotation" annotationid="Future of SIPs" comment="subhead" text="Future of SIPs">Future of SIPs</cmsannotation> As more investors use the SIP route, the mutual fund industry has a promising future ahead. According to a recent report by Axis Capital, the Indian mutual fund industry is projected to achieve a valuation of Rs 100 trillion by 2030. India's mutual fund sector has witnessed exponential growth, doubling its AUM within a span of just four years. Previously, it took five years for the industry to achieve a similar doubling, going from Rs 12 lakh crore to Rs 25 lakh crore. The report anticipates that the current gross monthly SIP flow of approximately ~USD 200 million will expand by over three times by 2030, driven by increased participation of Indians in financial savings. Given the varied benefits of SIPs, such as a systematic approach to <keyword id="35175" type="General" weightage="20" keywordseo="investing" source="Orion">investing</keyword> in mutual funds, enabling investors to contribute small amounts regularly, their ability to promote financial discipline, mitigate <keyword id="29547" type="General" weightage="20" keywordseo="market" source="Orion">market</keyword> timing risks, and facilitate rupee-cost averaging, SIPs are set to garner greater traction in the years ahead. Additionally, SIPs provide flexibility, affordability, and the potential for long-term wealth accumulation through diversified portfolio exposure, making it an excellent option for investors keen wealth creation in a sustained manner. If you are also considering investing via SIP, then now is an opportune time to start your journey and capitalise on the current momentum in the market. Disclaimer: The article is authored by Srikant Tapadiya, Founder, Vitamin-M. The opinions expressed are those of the author and do not necessarily reflect the views of Business Insider India. Do your own research (DYOR) before deciding to invest in any financial asset class. This article is published by the Insider Studios team. You can get in touch with them on <a href="mailto:insiderstudios@businessinsider.in">insiderstudios@businessinsider.in</a>.

From banks to SIPs – the evolution of investment choices for Indian retail investors

<keyword id="400559" type="General" weightage="100" keywordseo="compounding" source="Orion">Compounding</keyword> is a financial concept that enables an investor’s investment to grow over time, akin to a friendly genie multiplying your investments. It signifies the capability of an asset to produce returns, which in turn can be reinvested to generate even greater returns. As time progresses, this compounding phenomenon has the potential to facilitate significant wealth accumulation. Let us understand the concept with an example. Consider planting a seed in a fertile patch of soil. With time, the seed sprouts into a small sapling, which then grows into a sturdy tree. As the tree matures, it produces more seeds, leading to the growth of additional trees. This cycle repeats, resulting in a forest, all originating from that single initial seed. Similarly, compounding enables small investments to grow steadily over time, multiplying and generating larger returns, much like the exponential growth of a forest from a single seed. <cmsannotation type="cmsannotation" annotationid="Unlocking Compounding with Mutual Funds" comment="subhead" text="Unlocking Compounding with Mutual Funds">Unlocking Compounding with <keyword id="6357979" type="General" weightage="20" keywordseo="mutual-funds" source="Orion">Mutual Funds</keyword></cmsannotation> Mutual funds provide investors with a platform to leverage the power of compounding effectively. It can benefit from compounding through re<keyword id="35175" type="General" weightage="20" keywordseo="investing" source="Orion">investing</keyword> dividends and capital gains. Moreover, Systematic Investment Plans (SIPs) are a popular way to achieve the benefits of compounding in mutual funds. By investing a fixed amount regularly, one can take advantage of <keyword id="29547" type="General" weightage="20" keywordseo="market" source="Orion">market</keyword> fluctuations through rupee cost averaging and benefit from compounding over time. A disciplined approach to wealth creation is seen in the versatility of SIPs tailored to different financial goals. The power of compounding magnifies over a longer investment horizon, making early investment for specific goals, such as retirement, a key strategy. Initiating savings early in one’s earning years, as opposed to later in life, allows for investments to grow exponentially, leading to a substantially larger corpus by the time you reach retirement age, thanks to the compounding effect working its magic over the decades. <cmsannotation type="cmsannotation" annotationid="Understanding the mechanics of Compounding" comment="subhead" text="Understanding the mechanics of Compounding">Understanding the mechanics of Compounding</cmsannotation> To understand compounding, let's delve into a hypothetical situation. Suppose, you invest Rs 10,000 in a mutual fund with a 10% annual return, at the end of the first year, you will have Rs 11,000. In the second year, you will earn 10% on Rs 11,000, which adds to your initial investment, leading to continuous growth of your wealth. When this occurs over decades, the final result can be unbelievable in terms of wealth creation. Hence it is said time spent invested matters more than timing the market. <cmsannotation type="cmsannotation" annotationid="Ways to maximise Compounding through SIPs" comment="subhead" text="Ways to maximise Compounding through SIPs">Ways to maximise Compounding through SIPs</cmsannotation> Begin early: Kickstart your <keyword id="35471" type="General" weightage="20" keywordseo="sip" source="Orion">SIP</keyword> investments as soon as possible. The earlier you begin, the longer your investments have the time to compound and generate substantial returns. Avoid premature withdrawals: Resist withdrawing funds from SIP prematurely. Early withdrawals can hinder the compounding effect and diminish the potential growth of investments. Consistent and increased contributions: Stick to a consistent schedule of contributing SIPs regularly. Additionally, aim to gradually increase the amount you invest in your SIPs over time, if feasible. This disciplined approach ensures steady growth and enhances the compounding effect on your investments. While it is true that starting late is better than never starting at all, the earlier you commence your investment journey, the more abundant the rewards you will harvest down the road. However, it's crucial to keep in mind that, while compounding can significantly boost your returns, it is not a guaranteed outcome. The value of investment can fluctuate due to changes in market conditions, potentially leading to both increases and decreases in value over time. Compounding is the magic component of your long term investment journey. However, the fruits of this magic are visible over time. Patience, a long-term orientation and remaining invested over decades are crucial for reaping the rewards of this financial magic. Disclaimer: The article is authored by Bikash Kumar Agarwal,Hexagon Broking Private. The opinions expressed are those of the author and do not necessarily reflect the views of Business Insider India. Do your own research (DYOR) before deciding to invest in any financial asset class. This article is published by the Insider Studios team. You can get in touch with them on <a target="_blank" class="c-link" href="mailto:insiderstudios@businessinsider.in">insiderstudios@businessinsider.in</a>.

Compounding in mutual funds – Building wealth through time and patience

<keyword id="20207838" type="General" weightage="20" keywordseo="dsp-mutual-fund" source="keywords">DSP Mutual Fund</keyword>'s September 2024 Netra report credits <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>'s strong economic recovery to increased fiscal expenditure. The report, which tracks current economic trends and market insights through various charts, emphasizes the need for the private corporate sector and households to play a larger role in sustaining the ongoing growth momentum. Netra also pointed out an unsettling calm in the markets, with the Nifty 50 TRI index maintaining an impressive 53-month streak without a 5% decline and 13 years without a drop greater than 10%. Sahil Kapoor, Head of Products and Market Strategist, DSP Mutual Fund, said, "The calm in the markets, marked by an unnerving lack of volatility, is a double-edged sword. While it provides a sense of stability, it also masks underlying risks that could surface unexpectedly, catching investors off guard. To ensure a sustainable recovery, there is a need for the private sector and households to take the lead, transforming fiscal stimulus into lasting economic growth." However, the report notes a shift in market dynamics, with the momentum factor, which has outperformed since the COVID-19 bottom, beginning to lose its dominance. At the same time, the quality factor, which had underperformed over the last four years, is now seeing a resurgence, potentially indicating a change in market leadership that could favour quality-orientated funds, both active and passive. The report highlights the critical role government spending has played in the recovery, with a focus on capital investments crucial for future growth. However, contributions from the private corporate sector and households have lagged. It also draws attention to a slowdown in India's per capita consumption, approaching lows seen in previous cycles. Given that consumption accounts for around 60% of GDP, it is vital that this sector grows at a rate exceeding GDP growth to stimulate private capital expenditure. India's <keyword id="487578" type="General" weightage="20" keywordseo="tax-collections" source="Orion">tax collections</keyword> have demonstrated robust growth, with gross tax revenue showing a five-year compound annual growth rate (CAGR) of 14 %. This growth, largely driven by <keyword id="6354751" type="General" weightage="20" keywordseo="income-tax" source="Orion">income tax</keyword>, indicates a rising dependency on capital gains and stock market performance, introducing new vulnerabilities to the economy. The banking and financial services sector (<keyword id="19910880" type="General" weightage="20" keywordseo="bfsi" source="keywords">BFSI</keyword>) has emerged as a key driver of market earnings, recording a 12 % increase in profit after tax (PAT) growth, significantly outpacing the 4.6 % growth observed in non-BFSI Nifty 50 companies. This disparity underscores the sector's importance in India's economic story and highlights promising investment opportunities.

India's strong economic recovery is led by fiscal expenditure: DSP MF

<ul><li><keyword id="35210" type="General" weightage="40" keywordseo="sebi" source="Orion">Sebi</keyword> mandated labeling of ‘risk’ that a mutual fund scheme carries so that investors know what is in store.</li><li>Axis MF survey finds that investors are oblivious of what the risk-o-meter is all about.</li><li>An overwhelming 66% want to understand what the risk-o-meter is all about. </li></ul> Nearly a decade ago, the markets regulator mandated mutual fund houses to label their schemes such that investors would be told upfront about the quantum of risk the scheme carried. Under these rules, <keyword id="6357979" type="General" weightage="50" keywordseo="mutual-funds" source="Orion">mutual funds</keyword> display a risk-o-meter on all their schemes so that investors are fully informed on the downsides of the scheme. The higher the score, the greater at risk is the capital. A decade after the Securities and Exchange Board of India, investors are not even aware of this feature. Axis Mutual Fund conducted an investor survey to ascertain ‘Risk Comprehension’ amongst Indian investors. The survey received responses from over 1700 Axis MF investors from across the country. The objective of the survey was to receive insights on investors’ attitude and understanding of risks in mutual fund investing. As high as 61% of the respondents were not aware of what risk-o-meter indicates. Only 16% of the total respondents who were aware of a ‘<keyword id="2831405" type="General" weightage="80" keywordseo="riskometer" source="Orion">Riskometer</keyword>’ and that it indicated ‘Fund’ risk, claimed to check the ‘Riskometer’ before making an investment. An equally large number – 66% respondents – said that they would like to understand more about the risk-o-meter and its importance in making informed decisions. Commenting on the inferences drawn from the survey, B Gopkumar, MD &amp; CEO, <keyword id="55941" type="General" weightage="20" keywordseo="axis-amc" source="Orion">Axis AMC</keyword> said: “The mutual fund industry is at an interesting inflection point today, underscored by the increasing influx of investors in the category. While we continue to grow as an industry, enabling investors to make informed investment decisions is also our responsibility. To that end, this survey was conducted to get insights on investor’s understanding of risk, and awareness of the tools available to investors to assess risks associated with mutual fund investments.” The survey findings revealed several interesting patterns. However, 59% investors still consider past performance as one of the key benchmarks for investing in mutual funds. Oftentimes, mainly influenced by market noise, investors tend to redeem their investments even though they are aware of the importance of long-term investing and the power of compounding. According to data by AMFI, 22.2% equity investors stay invested for 12-24 months and in total 48.7% equity investors redeem their portfolio within two years or less. Even though 89% investors believe that understanding ‘risk appetite’ plays a role in choosing the right mutual fund, only 27% investors said that they actually took their risk appetite into consideration before investing. In fact, the survey reveals that 53% investors are not very confident of personal risk assessment while choosing a mutual fund. It is imperative to understand that each investor has a different risk appetite based on his/her investment profile, financial goal, and needs. Furthermore, investments are still largely ‘behaviourally’ influenced, making it even more important to shape this attitude into an aware, educated, and well-informed skill set. The survey found 27% respondents took risk appetite into account while investing, but 64% were not aware of risk profiler as a tool to evaluate risk appetite and of the total survey respondents, only 30% of respondents were aware of Risk Profiler. This indicates that investors know the importance of risk profiling but might not be aware of ‘Risk Profiler’ as a tool for assessing personal risk, leading to a potential mismatch between personal risk and that of the fund. Only 12% of the total respondents who were aware of a ‘Risk Profiler’ claimed that they were either confident or somewhat confident in assessing their risk-taking ability.

Six in ten respondents not aware of what risk-o-meter indicates in a mutual fund, finds Axis MF’s survey

Kolkata, <keyword id="259611" type="General" weightage="20" keywordseo="mirae-asset-mutual-fund" source="Orion">Mirae Asset Mutual Fund</keyword> on Thursday said it remains optimistic about a <keyword id="18167645" type="General" weightage="20" keywordseo="stable-capital-market-outlook" source="Orion">stable capital market outlook</keyword>, aided by <keyword id="18167646" type="General" weightage="20" keywordseo="improved-macroeconomic-conditions" source="Orion">improved macroeconomic conditions</keyword>. Ankit Jain, the fund manager at <keyword id="6418883" type="General" weightage="50" keywordseo="mirae-asset-amc" source="Orion">Mirae Asset AMC</keyword>, said the 25-basis point rate hike by the <keyword id="6355253" type="General" weightage="50" keywordseo="federal-reserve" source="Orion">Federal Reserve</keyword> was in line with expectations. According to him, inflationary pressures are easing globally, and supply and demand imbalances are being rectified. Jain emphasised that "India's healthy GDP growth projections contribute to the stability of the capital <keyword id="35196" type="General" weightage="20" keywordseo="market-outlook" source="Orion">market outlook</keyword>". He also expected that corporate earnings will rise, particularly in sectors that have already shown significant improvement. Jain expressed bullish sentiment towards sectors such as banking, pharma &amp; healthcare, consumer discretionary and manufacturing. Speaking about Mirae Asset Mutual Fund, which has an asset under management worth Rs 1.38 lakh crore, Jain said it has registered a compound annual growth rate of 40 per cent in the last few years. He expressed optimism about continued expansion due to the untapped potential of the mutual fund industry in the country. Despite the mutual fund industry's total assets under management standing at Rs 40 lakh crore, the "number of unit folios is currently only 3.5 crore, whereas there are over 8 crore taxpayers and 60 crore PAN card holders", he said. Speaking at the launch of the new Mirae Asset Multicap Fund, Jain described its investment strategy, stating that it will allocate 25 per cent each to large, mid and small-cap companies. He believes that this "balanced approach will enable investors to capitalise on long-term opportunities in high-growth small and mid-cap sectors". The NFO (New Fund Offer) of the assent management company is scheduled to open for subscription on July 28 and will close on August 11.

Mirae Asset MF sees market outlook 'stable', launches multi-cap fund

The large and mid cap funds of <keyword id="1707555" type="General" weightage="100" keywordseo="lic-mutual-funds" source="Orion">LIC Mutual Funds</keyword> has offered 12.49 per cent compound annual growth return since its inception in February 2015. As on July 31, 2022, the compounded annual growth returns performance of <keyword id="45316" type="General" weightage="80" keywordseo="lic-mf" source="Orion">LIC MF</keyword> large and mid cap fund under regular (G) option, for different periods -- 5 years, 3 years and 1 year -- stood at 11.44 per cent, 18.83 per cent and 9.16 per cent, respectively. The funds have Rs 1.17 lakh crore of net assets under management as on July 31, 2022. While LIC MF large and mid cap funds AUM stood at Rs 1,831.26 crore. Banks (15.62 per cent), <keyword id="14748877" type="General" weightage="20" keywordseo="it-software" source="Orion">IT &amp; Software</keyword> (9.67 per cent), <keyword id="14748878" type="General" weightage="20" keywordseo="chemicals-petrochemicals" source="Orion">Chemicals &amp; Petrochemicals</keyword> (8.81 per cent), Consumer Durables (8.69 per cent), and Industrial products (7.38 per cent) are among the top 5 sectors in the fund house's Large and Mid cap fund category. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/tencent-fires-5-5k-workers-as-sales-down-for-1st-time-since-going-public/articleshow/93634989.cms">Tencent fires 5.5K workers as sales down for 1st time since going public</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/gig-jobs-are-popular-with-pocket-money-seeking-teens-for-primary-earners-its-a-burden/articleshow/93632374.cms">Gig jobs are popular with pocket-money seeking teens, for primary earners it’s a burden</a>

LIC Mutual Fund's large & mid cap funds offer 12.49% CAGR since inception

A recent report by Axis AMC shed light on the burgeoning Indian mutual fund industry. Since March 2021, the MF industry has grown at a CAGR (compounded annual growth rate) of 23.65%, touching an AUM (asset under management) of Rs 67.25 lakh crore in October 2024. <keyword id="20300870" type="General" weightage="20" keywordseo="Equity-Mutual-Funds" source="keywords">Equity mutual funds</keyword>, which garnered Rs 41,886.69 crore during the month, saw a 58.96% YoY growth. The biggest contributor to the equity segment was sectoral funds, which captured 29.3% of net equity sales in October 2024. In all, they brought in Rs 12,278.78 crore during October 2024. The AUM of <keyword id="20890471" type="General" weightage="20" keywordseo="Hybrid-Funds" source="keywords">hybrid funds</keyword> also stood at Rs 9.24 lakh crore during the month, registering an annual growth of 47.8% and inflows worth Rs 16,863.30 crore during October 2024. Amidst this, the arbitrage funds led in net sales, capturing 3.61% of their AUM with monthly inflows worth Rs 7,181.70 crores. There and more people are entering the Indian markets, as is evident in the growing SIP corpus (Systematic Investment Plans), which saw contributions worth Rs 25,323 crore in October 2024, a 54.7% year-over-year growth. In October 2024, about 63,69,919 new SIPs were registered, taking the number of SIP accounts to a record high of 10,12,34,212 The growth in equity investments was largely led by retail investors and HNIs (high-net-worth individuals). Since March 2021, the retail segment in mutual funds has seen a 31.2% CAGR, while banks and foreign investors have recorded a CAGR of 31.8% during the same period. Corporations were the biggest contributors to debt mutual funds. Notably, the AUM of debt funds grew 14.8% over the previous year to stand at Rs 10,65,037 crore as of October 2024. The category saw net sales worth Rs 47,699 crore last month. Also testimony to the growing interest of investors in mutual funds were the figures of <keyword id="23958398" type="General" weightage="20" keywordseo="Passive-Mutual-Funds" source="keywords">passive mutual funds</keyword>, which recorded net sales worth Rs 8,025 crore during the month. Out of this, just index funds observed net sales of Rs 7,931 crore in the previous month. AUM from the top 30 Indian cities grew at 22.6% CAGR, whereas other cities grew at 27.8% CAGR since March 2021. FY25 also seemed to be the year where NFOs received an enthusiastic response from investors. So far, a total of 124 NFO schemes have managed to collect a total of over Rs 77,932 crore.

Mutual funds in spotlight: Industry grew at 23.65% CAGR since March 2021

<ul><li>The response from <keyword id="119846" type="General" weightage="20" keywordseo="qualified-institutional-buyers" source="Orion">qualified institutional buyers</keyword> was muted at 0.57 times the shares on offer. </li><li>The <keyword id="706105" type="General" weightage="20" keywordseo="non-institutional-investors" source="Orion">non-institutional investors</keyword> portion was <keyword id="106280" type="General" weightage="20" keywordseo="subscribed" source="Orion">subscribed</keyword> 2.41 times while the <keyword id="6416579" type="General" weightage="20" keywordseo="retail-investors" source="Orion">retail investors</keyword> portion was subscribed 1.9 times. </li><li>From FY21 to FY23, the company recorded a two-year compound annual growth rate (CAGR) of 40.8% in assets under management (AUM). </li></ul>Affordable housing company <keyword id="18288936" type="General" weightage="20" keywordseo="india-shelter-finance-corporation" source="Orion">India Shelter Finance Corporation</keyword>’s <keyword id="6354763" type="General" weightage="20" keywordseo="ipo" source="Orion">IPO</keyword> was subscribed to 1.48 times the shares on offer. The response from qualified institutional buyers was muted at 0.57 times the shares on offer. The non-institutional investors portion was subscribed 2.41 times while the retail investors portion was subscribed 1.9 times. The company has secured ₹360 crore from anchor investors, which include entities like Goldman Sachs Funds, ICICI Prudential Mutual Fund (MF), Kotak Mahindra MF, UTI MF, Nippon India MF, Quant MF, Edelweiss MF, Bandhan MF, Tata MF, ICICI Prudential Life Insurance Company Ltd, SBI Life Insurance Co Ltd, and Max Life Insurance Company. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Type of investor </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.57 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.41 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.90 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.48 </td></tr></tbody></table> Source: BSE The inaugural public offering, priced between ₹469 and ₹493 per share, is available for subscription from December 13th to 15th. This ₹1,200 crore IPO consists of a fresh issue of equity shares valued at ₹800 crore and an Offer For Sale (OFS) of ₹400 crore by investor shareholders. India Shelter Finance Corporation (ISFCL) operates as a retail-centric, affordable housing finance firm, boasting a wide-reaching network of 203 branches across 15 states in India as of September 2023. The company caters specifically to self-employed individuals and borrowers from low- and middle-income brackets seeking home loans (HL) and loans against property (LAP). It caters to primarily the self-employed, low-to-middle income (under ₹50,000 per month) individuals in Tier II/III towns. According to Emkay Global, ISFCL places significant emphasis on providing loans to women, recognizing their pivotal role in financial decisions, leading to improved household expense management and a disciplined credit approach. As of September 30, 2023, 70.7% of its customers were first-time home loan applicants, and 97.9% of the loans had one or more women borrowers. From FY21 to FY23, the company recorded a two-year compound annual growth rate (CAGR) of 40.8% in assets under management (AUM). As of September (H1 FY24), the company's asset under management (AUM) has surpassed the milestone of ₹5,000 crore, reaching ₹5,181 crore. During the fiscal year ending in March 2023, it achieved a year-on-year total income growth of 32%, reaching ₹606 crore. In the same period, the profit increased by 21% to ₹155 crore. Their business and operations necessitate significant capital, and any disruption in their financing sources could adversely impact their business, financial condition, and operational outcomes. Also, failure to comply with the financial and other covenants outlined in their debt financing arrangements may have adverse implications for their business, financial condition, and operational results.

India Shelter Finance IPO subscribed 1.48x times on day 1 Q

<ul><li>Listed <keyword id="21248103" type="General" weightage="20" keywordseo="Indian-wealth-managers" source="keywords">Indian wealth managers</keyword>’ stocks can gain from the ‘<keyword id="20220671" type="General" weightage="20" keywordseo="financialization-of-savings" source="keywords">financialization of savings</keyword>’ theme.</li><li>While banks manage the maximum of the HNI wealth, wealth managers are gaining traction in the UHNI space.</li><li>The number of UHNI is expected to see 50% growth in five years, says Knight Frank. </li></ul>Indians are saving better, if not saving more. A lot of Indian savings are being directed to equities and more. The total assets under management (AUM) of mutual funds as of February 2024 stood at ₹54.54 lakh crore. As such savings swell, equities in general can gain, but there are ‘specific’ stocks that can gain more from the trend in particular. According to Jefferies, broking firms, <keyword id="19948356" type="General" weightage="20" keywordseo="asset-managers" source="keywords">asset managers</keyword> and exchanges can ride on this ‘<keyword id="21248105" type="General" weightage="20" keywordseo="wealth-wave" source="keywords">wealth wave</keyword>’. The sector is poised for a sharp growth trajectory as more and more investors increasingly bet on equity markets and investments. As per a recent report by Motilal Oswal, the domestic MF’s equity AUM grew to ₹25.3 lakh crore in FY24, from a mere ₹1.9 lakh crore. “We believe Indian Wealth Managers (IWMs) are well-placed to ride on India's economic growth &amp; financialization of savings, especially into <keyword id="20033427" type="General" weightage="20" keywordseo="capital-markets" source="keywords">capital markets</keyword>. Leading players will benefit from strong inflows and operational efficiencies to deliver 20-22% profit compounded annual growth rate (CAGR) over FY24-27,” observes Jefferies. It initiated coverage on two companies – 360 One and Nuvama – with a buy call. Super-rich and their super-growth India's high net-worth individuals hold financial assets to the tune of $1-1.2 trillion. Institutional platforms manage over half of the same — with banks having a chunky share of around 30-33%. Next come wealth managers who manage around 12-14%, and global players have around 5-7% share. The rest are disaggregated with independent financial advisors and distributors or are self-managed. But wealth managers are fast gaining a share in the <keyword id="21248104" type="General" weightage="20" keywordseo="ultra-HNI" source="keywords">ultra-HNI</keyword> segment with around 80% of the market. Global players are receding and smaller banks lack bandwidth for personalised solutions, says Jefferies. UHNIs are defined as individuals with a net worth of US$ 30 million and over. Their number could swell fast, as per Knight Frank. According to The Wealth Report 2024 by the property consultant firm, UHNI numbers are expected to grow to 19,908 by 2028 from 13,263 in 2023 – that’s a 50.1% growth in UHNIs, in five years. They’re also expecting their coffers to grow. “Indian UHNIs are expecting to witness an increase in their wealth during the year 2024. Almost 63% are expecting to witness a significant increase of more than 10% in their wealth value,” Knight Frank says. Both these factors will add to the growth of Indian wealth managers. “Indian wealth managers’ share will be led by net inflows of 12-17% from higher wallet share in existing/new wealth &amp; network expansion in new geographies, and mark-to-market gains,” says Jefferies as it factors in around 8% CAGR growth from it. Mumbai has recently <a href="https://www.businessinsider.in/india/news/youre-more-likely-to-run-into-a-crazy-rich-asian-in-mumbai-as-opposed-to-beijing/articleshow/108787878.cms">surpassed Beijing as the billionaire capital of the world</a>. Adding that with buzzing equity markets, players in the business of wealth creation will be busy for the next few years.

India’s ‘wealth wave’ and the stocks that are poised to gain from it

<ul class="summary-list"><li>Combination exercises pair multiple movements together, often including both upper and lower body. </li><li>But combo exercises aren't great for muscle-building, according to a personal trainer. </li></ul>Combination movements that string together multiple weighted exercises are popular in HIIT classes and on social media, but they're not helpful for building muscle and strength, according to a personal trainer. "I'm not a huge fan of most combo movements. They're very popular in group <keyword id="11897658" type="UNKNOWN" weightage="60" keywordseo="fitness" source="Orion">fitness</keyword> and on Instagram to make exercises look cool and exciting, and people assume they're more effective," <a href="https://www.instagram.com/reel/CY2Mm3hgYlS/?utm_source=ig_web_copy_link">Miriam Fried</a>, NYC-based personal trainer and founder of <a href="https://www.miriamfried.com/">MF Strong,</a> told Insider.The problem is that many combo movements combine upper and lower body exercises with the same weight, which is likely to be either too light or too heavy to be effective for building muscle, she said. Examples include a lunge with a bicep curl or a squat with a triceps extension. As a result, you may think you're doing double the workout, but won't get the most out of each movement, according to Fried. And you may get hurt, if the weight is heavy enough that it leads to bad form. Instead, focus on classic tried-and-true compound lifts or supersets, and don't think your workout needs to be flashy or complicated to be effective. <h2>Combo exercises can waste your time or lead to bad form if your goal is building muscle</h2>Combination <keyword id="11927625" type="UNKNOWN" weightage="60" keywordseo="exercise" source="Orion">exercise</keyword>s aren't the same as compound exercise, like deadlifts or a <a href="https://www.insider.com/how-to-get-better-at-push-ups-trainer-advice-2021-11">push-up,</a> that already work multiple muscle groups. Compound exercises use several body parts at once, such as your legs, back, and core, to complete one movement, helping to build full-body strength and muscle. Combined exercises are multiple movements in sequence. They typically add an isolation exercise, often involving a smaller muscle group like the biceps, triceps, or shoulders, to a basic leg exercise like a lunge or squat. However, the larger muscles of your lower body are able to <a href="https://www.insider.com/building-muscle-barbell-dumbbell-kettlebell-how-to-choose-which-one-2022-2">lift much more weight</a> than your arms. If you pick a weight heavy enough to challenge your legs, it's likely to be too much for your upper body to handle, and you might compensate with poor form or incomplete movements, according to Fried. A lighter weight, though, won't really work your lower body enough to build muscle. "You're not getting much out of it or you're hurting yourself," Fried said. Not all combination exercises are ineffective, since it makes sense to pair some movements together. For building muscle, however, you want to continually challenge yourself using progressive overload, which means selecting the right weight for your goals, Fried said. There may be other reasons to combine movements together besides building muscle — linking exercises with little rest in between can help raise your heart rate and <a href="https://www.insider.com/how-to-improve-cardio-without-running-trainer-advice-2021-12">improve your cardio endurance using weights</a>. Certain types of weight training link movements together to train explosive strength and power, like <a href="https://www.insider.com/kettlebell-exercises-full-body-workout-strength-training-speed-stamina-2022-2">kettlebell complexes</a> or barbell movements like the thruster (a squat to an overhead press). <h2>To better target specific muscles, try a superset</h2>If you do want to save time and get the most bang for your buck in the gym, you're better off sticking to supersets, Fried said. A superset is two or more exercises performed back-to-back with little rest in between. You don't have to link the movements, though, which means you can choose a weight that's appropriate for each exercise. Supersets can make your workouts more efficient by allowing one muscle group to rest as you're working another muscle group. You can also alternate between pushing and pulling movements, or isolation and compound movements. Examples of useful supersets include a chest press to a bent-over row, a <a href="https://www.insider.com/how-to-get-better-at-push-ups-trainer-advice-2021-11">push-up</a> to a <a href="https://www.insider.com/pull-ups-how-to-improve-do-your-first-one-2021-12">pull-up</a>, or single-leg deadlift to a back squat.

HIIT-style combination exercises can waste your time if you're trying to build muscle, according to a personal trainer

<ul><li>India’s luxury skincare and <keyword id="16218" type="General" weightage="20" keywordseo="cosmetics" source="Orion">cosmetics</keyword> segment is growing at a very rapid clip. India is a focus market for the world’s 2nd largest cosmetics company, as the pandemic has shown that demand is not just limited to the mega cities. </li><li>Demand for luxury skincare is growing rapidly in cities like Bhopal, Ahmedabad, Guwahati and Pune as consumers are uptrading to luxury. </li><li>Sales momentum in India has spurred the world’s second-largest beauty and cosmetics company to appoint <keyword id="4422724" type="General" weightage="20" keywordseo="Manushi-Chhillar" source="Orion">Manushi Chhillar</keyword> as its global brand ambassador. </li></ul>India’s rapidly evolving consumer base is kicking up quite a storm in the beauty world’s teacup. And leading this charge are India’s Tier 2 &amp; 3 cities like Bhopal, Guwahati, Ahmedabad and Pune that cannot have enough luxury skincare and make-up. India’s beauty market may be $16 billion in size, but it has been given a short shrift by most global biggies, barring Estée Lauder Companies Inc. Not surprising then that the world’s second-largest cosmetics company has seen its sales double in the last two years. A key driver of this trend is the voracious demand for social media content on health and beauty over the last three years of the pandemic. While still small in size, India’s luxury skincare and cosmetics segment is growing at a very rapid clip. The size of the prestige beauty and personal care category is $731.5 million, while prestige skincare is a $191.9 million business, according to Euromonitor. Skincare is one of the fastest-growing categories, clocking a compound annual growth rate (CAGR) of 6.4% in India over the past 5 years. While L’Oreal Groupe is the largest player in India too, with a market share of 14.9%, Estée Lauder Companies comes next with a market share of 9.5% in beauty and personal care (see table). Estée Lauder’s portfolio of brands comprise iconic names like Bobbi Brown, La Mer, Clinique, MAC Cosmetics and Tom Ford Beauty, among many others. It has over 700 brands under its portfolio spanning skincare, make-up and fragrances. <keyword id="17352206" type="General" weightage="20" keywordseo="Dikshita-Shukla" source="Orion">Dikshita Shukla</keyword>, India brand head at Estée Lauder, says this is make-up’s moment in India as, “Tier 2 and Tier 3 cities has an emerging middle class population that is uptrading to luxury.” For Estée Lauder, the world’s second-largest cosmetics company after L’Oreal, India is a focus market because it is at an inflexion point. Many of the world’s leading luxury beauty brands have gone easy on India because it was never considered to be a market as big as China. The pandemic has proved many of these brands wrong, as Indians are not shying away from spending upwards of a few hundred dollars on luxury skincare and make-up. For long, luxury was perceived to be the preserve of only the well heeled in the mega metros, but the pandemic has turned this thesis on its head. Today, not only are the elite from India’s small towns buying luxury skincare but also deploying private jets to ship their favourite macaroons and cakes from French patisseries for their soirees. This is a much underrated trend and few understand the rising power of India’s hinterland. Estée Lauder has not only been aware but has actively cultivated this market through its omnichannel strategy. Over the next few years, Shukla says, she won’t be surprised if the sales are equally split between metros and Tier 2 &amp; 3 towns. Estée Lauder was the first to partner and launch on Nykaa and now Reliance Retail’s Tira. This online presence helped the company accelerate sales during the pandemic. Estée Lauder has also spruced up its own online presence with its store that helps service customers online in the same way that they cater to them at the physical stores. With the lockdowns becoming history, Estée Lauder is now focused on massive scaling up of its brick-and-mortar presence through partnerships with Sephora and Shoppers Stop. Estée Lauder has been in India for a decade and has worked consistently to become the largest luxury beauty brand in India. While its portfolio of brands and offerings across skincare, make-up and fragrances is a big draw, it has also been proactive in improving reach and distribution. It was the first to tie up with Nykaa to improve the reach of its products beyond the mega metros. Given that it is a triaxis beauty brand, it has a product for every reason and every season almost. A lot of its competitors have used their global strategy in India, which has not really worked as India is a unique market. Shukla says: “We have adapted to India and understood what customers want. We have specifically been able to serve the market and consumers with what they wanted.” To crack the India market, Estée Lauder Companies has adopted a three-pronged strategy. It has identified and promoted its hero products for starters. The company has picked up its iconic products and gone to market with its benefits that the Indian consumer could relate to. Estée Lauder has also taken the omnichannel route to improve reach of its products across India – it was the first luxury brand to partner with Nykaa and now Tira for online sales. After the pandemic, of course, it also caters to customers on its own website. Estée Lauder has attempted to replicate the store experience online too with beauty assistants and virtual trials to help consumers arrive at a decision. There was a perception that luxury could not be purchased online but the pandemic has shattered that myth. Estée Lauder has broken ranks with rivals in India in terms of its go-to-market strategy not just when it comes to product positioning and retailing, it is also the first luxury brand to appoint an Indian as its ambassador. Bollywood star and Miss World 2017, Manushi Chhillar, is now the Global Brand Ambassador for Estée Lauder. Chhillar joins the current roster of Estée Lauder global talent including Imaan Hammam, Adut Akech, Ana de Armas, Amanda Gorman, Bianca Brandolini D’Adda, Carolyn Murphy, Grace Elizabeth, Karlie Kloss, Kōki and Yang Mi. So far, Estée Lauder has had Indian faces endorse their products in India but this is the first time an Indian will join ranks with its other global ambassadors. Explains Chhillar, “Estée Lauder is an iconic brand founded by a visionary woman, Mrs Estée Lauder, who proved anything was possible with hard work, passion, and dedication. Like her, I hope to be a role model for women around the world, inspiring them to believe in themselves and their ability to impact positive change.” SEE ALSO: <a href="https://www.businessinsider.in/business/news/-food-delivery-real-estate-travel-high-fashion-apps-looking-healthy-user-metrics-in-march-2023/articleshow/99778417.cms">Consumers continue to throng apps in search of Roti, Kapda &amp; Makaan, March sees healthy user metrics and app downloads</a> <a href="https://www.businessinsider.in/stock-market/markets/news/-some-sectors-will-benefit-from-lower-energy-prices-in-fy24-a-balasubramanian/articleshow/99722850.cms">Earnings to remain volatile in FY24, but some sectors will benefit from lower energy prices, says Aditya Birla Sun Life MF’s CEO A Balasubramanian</a> <a href="https://www.businessinsider.in/business/corporates/news/zepto-preps-for-public-listing-in-2-years-brings-in-ramesh-bafna-as-cfo-to-lead-ipo-process/articleshow/99514143.cms">Zepto preps for public listing in 2 years; Brings in Ramesh Bafna as CFO to lead IPO process</a>

Beauty & The Best: Luxury cosmetics behemoth Estée Lauder hunkers down on India as its sales double in 2 years

<ul class="summary-list"><li>Bodybuilder and <keyword id="11899783" type="UNKNOWN" weightage="60" keywordseo="strength" source="Orion">strength</keyword> coach Eugene Teo said barbells are "overrated and overused."</li><li>"They force your body into one strict plane of movement," he said in a YouTube video.</li></ul>Eugene Teo is an Australian bodybuilder, strength coach, and <keyword id="11897658" type="UNKNOWN" weightage="60" keywordseo="fitness" source="Orion">fitness</keyword> influencer with 347,000 followers on <a href="https://www.instagram.com/coacheugeneteo/">Instagram</a>.He's no stranger to the weight room, but said he recently changed up his training to include less <keyword id="13140061" type="UNKNOWN" weightage="60" keywordseo="barbell" source="Orion">barbell</keyword> exercises. In <a href="https://www.youtube.com/watch?v=KuNIqo_BxsA&amp;t=481s">a YouTube video</a> about the decision, Teo said he thinks barbells are "overrated and overused.""They force your body into one strict plane of movement that isn't ideal for everybody, especially as you start to get stronger and spend more time in the gym," Teo said, adding that if he can replace a barbell exercise with one using other equipment, he usually will.One example would be the bench press. Using dumbbells instead of a barbell squeezes the pecs more, Teo said. He also recommends weighted push-ups, which allow you to keep your elbows closer to the body.Aside from the bench press, Teo says there are other barbell exercises that could be swapped out for exercises with other weights."There is absolutely no reason why you can't switch out all of your barbell exercises for dumbbells, cables, machines, or bodyweight exercises," he said.You can still do compound exercises with heavy loads, according to Teo."While the total weight on the bar may be different, the actual stress you're putting on your muscles will be about the same, because you're able to direct that weight more efficiently and effectively right where you want it without having to worry about your joints being in awkward, uncomfortable positions," he said.<h2>Barbells have many benefits</h2>Teo still uses barbells for some movements, particularly lower body ones, including Romanian deadlifts, hip-thrusts, and squats, he said.It's important to consider each individual's proportions and mobility and find what's right for them, Teo said. Some people may not have the mobility to perform deep barbell squats, for example, so they might do better using a leg press machine.Convenience and personal preference are also important, Teo said, and he acknowledges that training with barbells can be a lot of fun.Many trainers are huge proponents of barbells."They're best for getting strong and lifting heavy, easier to progressively overload and can add a lot of weight," <a href="https://www.instagram.com/miriamfried/?hl=en">Miriam Fried</a>, NYC-based personal trainer and founder of <a href="https://www.miriamfried.com/">MF Strong,</a> previously told Insider. Barbells allow for even distribution of weight and also often rely less on grip strength than dumbbells.As <a href="https://www.insider.com/building-muscle-barbell-dumbbell-kettlebell-how-to-choose-which-one-2022-2">Insider's Gabby Landsverk previously reported</a>, there are benefits to all types of weights, including dumbbells, kettlebells, and barbells.

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