The World This Week - 15th June to 20th June, 2015

Wealth Management Suite

“Money is a very dangerous thing, you have to get know how to look after it or else you will lose it with ease and remember how you would've it in hard times.” ― Auliq Ice.

Auliq Ice has rightly spoken about the dangers of Money! It’s dangerous when you begin to lose track about how you have spent all the hard earned money. We all know how much blood and sweat goes in making that every penny all through the year. What most of us fail to understand is;with changing times the value of your earned money won’t suffice to meet your growing needs and that’s when Wealth Management steps in!

Wealth Management of course in its own way is very self-explanatory, but it has those hidden gems; when used rightly will take you to a different world.

Through this blog we are trying to give you a different perspective about Wealth Management and how this might prove beneficial for you all the while making sure that our customers are our top priority and that nothing can be more important than your satisfaction.

This being our first blog after an interval of few months we would again want to tell the world a little more about ourselves and start the journey once again;

Simple things like:

1. Who are WE?

2. What’s different about us?

3. The advantage of doing business with us!

So we’ll begin with ‘Who are WE’?

Karvy Private Wealth is the wealth management arm of the Karvy Group. Over the years, Karvy Private Wealth has gathered unrivalled expertise in providing top notch service delivery along with cutting edge investment planning.

Based out of Mumbai, Karvy Private Wealth also has branch offices in New Delhi, Bengaluru, Chennai,Hyderabad, Kolkata, Chandigarh, Gurgaon and Pune. We aim to be one of the most sought after Wealth Managers for high net worth individuals in India, through a goal of long-term value creation for all our clients.

Our approach in building an optimum portfolio for you brings together the following unique aspects:

What’s Different about us

1. Risk Evaluation: We ascertain your ability and willingness to take risks. As per which we factor  your appetite into conservative, moderate or an aggressive investor
2. Asset Allocation: Our Wealth Managers then get started on developing a unique asset -allocation strategy for you. They formulate a tactical approach for long term and short term approaches.
3. Restructuring of existing portfolio: Here, we review your existing portfolio on assets and individual security levels.  We suggest unique combination of products across asset classes.
4. Execution: We ensure careful execution of all the transactions through our teams of personal Wealth Managers.
5. Reviews and recommendations: Our investment counsellors constantly scrutinize and recommend new investment options depending on market fluctuations.

Advantage of doing Business with us!

1.  Our experts – a team of personal asset managers at your service: At Karvy Private Wealth excellence comes as standard. The management team consists of professionals with pedigreed academic records and in-depth expertise in the wealth management field. and with the strength of the entire Karvy Group within our reach, you receive full advantage of the industry expertise available exclusively within our group. We are what we repeatedly do, therefore excellence is not an act at Karvy, it’s a habit.
2.  Maximum choice of products & service: Karvy Private Wealth offers the widest range of products and services, providing clients a variety of options all through a single contact point. Products and services include Equities, Debt Instruments, Commodities, Mutual Funds, Insurance, Structured Products, Financial Planning, Real Estate solutions, etc.
3.  Product-neutral recommendations: We ensure that our recommendations are 100% product-neutral and unbiased because unlike the others, we are neither tied up with any one particular insurance company nor do we have our own mutual funds.
4. All-India presence: With presence in over 400 branches across India, Dubai and New York and an additional 300+ franchisees across the country, we are poised to cater to families and businesses spread across multiple cities in India providing them with combined and integrated solutions.
5. Decisions based on scientific and researched based insights: With intensive in-house research carried out across various asset classes and investment products. Rapid responses to changing market conditions. And with individual needs placed at the centre of scientific and calculated tailor-made solutions built for each client, you can trust KPW to take a sound decision with your investment.
6. Mutual relationships built on trust: Our successes are a result of a team effort. At Karvy you will benefit from personalized service with multiple face-to-face meetings. Your personal wealth manager has the unique capacity to mobilize the Karvy Group’s leading experts to service your particular needs at anytime. Your journey at a Karvy Private Wealth will always end with a warm handshake and a feeling of mutual trust. 

Our blogs are going to be a way of connecting with people who are interested in learning more about Wealth Management and how we can add value to your investments. Till then, Cheers!

To know more about our products and services click here:http://www.karvywealth.com/

The World This Week June 24 - June 29, 2013

The world this week June 24 - June 29, 2013 from Karvy Private Wealth

When trust is a must

Everyone knows getting professional advice can be hugely beneficial - but not everyone knows what to look for in a good financial advisor.

There are three things people should keep in mind when they're seeking a financial planner.

1. It’s an ongoing relationship. ''Whatever you do, you need to choose an advisor you feel comfortable with and who you feel you can trust.''

2. You have to be willing to tell all. You do have to share information of a financial nature or potential impact. There are many personal issues that can have a financial impact - job security, potential inheritances and, when it comes to estate planning, whether you like your son-in-law.

3. Third, be willing to be proactive to ensure you have a dynamic and constructive relationship with your planner and keep them in the loop if your circumstances change.

Being proactive goes both ways; the advisors as well as the client should be proactive. If you're sick, you go the GP - the GP is not going to knock on your door when you're coughing and spluttering at home.

And if you receive a salary increase or a lump-sum payment, you shouldn't let it sit around doing nothing for four months until the next meeting. Younger people have a greater sense than older generations of the importance of taking control of their own wealth creation.

 The trigger point for most people deciding to see a financial planner for the first time is that moment in their life when they begin to have surplus cash.

Source: smh.com

FM to look into continuation of tax sops: SEZs

SEZ developers today said that Finance Minister Pranab Mukherjee has "assured" to look into their suggestion for continuation of tax sops to new units in the DTC regime.

"...(Mukherjee) assured that suggestions...would be looked into carefully," Export Promotion Council for EOUs and SEZs (EPCES) that led the delegation said after meeting the Finance Minister here.

The revised discussion paper on the Direct Tax Code (DTC), which would overhaul the Income Tax Act, proposes tax exemptions only for the existing SEZ units.

"In case no income tax benefit is provided to the new SEZ units, no entrepreneur would like to set up a unit in the SEZ," EPCES Chairman R K Sonthalia said.

The income tax benefits (100 per cent exemption for first five years and 50 per cent for the next five years) have helped SEZs attract investments of about Rs 1.5 lakh crore.

Source: PTI

iPhone 4 - It can't get any better

The new phone is powered by an A4 CPU (the same chip used in the iPad) and sports a 3.5-inch screen with 960×640 resolution, dual mics, and an upgraded camera system that will include HD video recording and editing capabilities.

Here are a handful of specs we’ve learned so far:

* 9.3mm thick, 24% thinner than current iPhone
* 3.5″ display, same as current iPhone
* 326 ppi display, 4 times the previous iPhone’s pixel density
* Case uses stainless steel and glass, including a glass back for the device
* Powered by the A4 chip
* Larger battery means 7 hours of talk time, 6 hours of 3G browsing, 10 hours of WiFi browsing, 10 hours of video, 40 hours of music and 300 hours of standby
* 7.2MB download and 5.8MB upload speeds, depending on carrier capabilities
* Gryroscope in addition to accelerometer
* 5MP camera with 5x zoom, tap to focus and LED flash
* HD video recording, and iMovie for editing video on the iPhone
* Front- and rear-facing cameras for FaceTime, the new video chat app
* iOS will allow for multitasking

Rumors about the latest iPhone, which has often mistakenly been called the iPhone HD have been flying around since early this year. At the end of March, the most substantive rumors were posted by John Gruber. Many of those features are included in the final product.

One of the most anticipated features of the new iPhone is iPhone 4.0 OS, or iOS. The new operating system supports multitasking, video chat, better file management and folders, iBooks, the new iAd platform and the Apple Game Center.

Current iPhone owners who have an iPhone 3G or iPhone 3GS can also upgrade to the new iPhone OS 4.0, but only third-generation iPod touch, iPhone 3GS and iPhone 4 owners will be able to take advantage of multitasking.

The new iPhone is available in black and in white, with storage capabilities of 16 and 32GB. The device will be available starting June 24 in select countries. Pricing starts at $199 for the 16GB model with an AT&T upgrade and 2-year contract. The 32GB device starts at $299.

Source: www.mashable.com
photo : www.apple.com

The Jakarta Great Sale Festival will run from June 18 to July 18 in dozens of shopping centers across the city, featuring discounts up to 70 percent to lure domestic and international shoppers, with total transactions hoped to top Rp 7.2 trillion (US$784 million).The Indonesian Shopping Centers Association (APPBI) chief, Stefanus Ridwan, said that this year, the festival aimed to promote Jakarta as a shopping mecca that would, make domestic shoppers think again before holidaying overseas.

"We used to target Jakartans only, but now we also target potential shoppers in other cities," he told reporters on Tuesday, adding that many Indonesian shoppers spent trillions of rupiah in other countries every year."He said the one-month great sale festival targeted Rp 7.2 trillion, a 20 percent increase on last years anticipated earnings.

"This festival is supported by 69 brands at some 1,200 outlets as well as small and medium enterprises," Ridwan said.Chairman of APPBI Jakarta chapter Andreas Kartawinata said thecommittee added the world festival to emphasize the jovial festivity offered in the 67 participating shopping centers to mark the citys 483rd anniversary and color the school holidays.

He said every shopping mall would feature various cultural, social and other lifestyle-related events, including culinary shows, live entertainment fashion shows, shadow puppet festival and late night shopping.The city introduced the shopping event in 1982, when it was known as the Stores Festival.

Source : tourismindonesia.com
photo :photogliff.com

Gold hits record as investors seek alternate asset

Gold rallied on Friday to an all-time record above $1,260 an ounce, as investors looked to precious metals for an alternative to equity or debt investments given renewed uncertainty about the economic recovery.

Several surprisingly weak U.S. economic readings released a day earlier renewed investors worries, driving them to seek the safety of a tangible asset like gold.

Spot gold hit an all-time high of $1,261.90 an ounce, but was bid at $1,256.65 an ounce at 3:20 p.m. EDT (1920 GMT), against $1,243.40 late on Thursday. U.S. gold futures for August delivery also climbed to a record at $1,263.70, and settled up $9.60 at $1,258.30, its highest ever close.

"I think it is a case of gold's ability to compete with both credit and equity markets for investments. Competing with credit markets has been in play for a long time, because of low interest rates and low opportunity cost of holding gold," said Tom Pawlicki, precious metals analyst at MF GLOBAL in Chicago.

"The data yesterday from initial claims and Philadelphia Fed was another thing indicating to investors that the economic recovery will be subpar compared with other recession recoveries. That makes gold more attractive," he added.

The precious metal has risen nearly 15 percent since the end of 2009, fueled by sovereign risk in the euro zone, historically low interest rates, and concern over the stability of paper currencies.

"Sovereign debt worries, central banks raising their holdings and record low interest rates keep attracting new buyers to gold," said Saxo Bank senior manager Ole Hansen.

"The Goldilocks scenario continues. Risk-off helps gold through safe haven (buying), risk-on helps it as well through a weaker dollar."

The euro, along with gold, was strengthened as well by the U.S. Philadelphia Federal Reserve's plummeting June factory index and a rise in first-time filings by unemployed U.S. workers last week, which pushed U.S. Treasury yields to their lowest in a week.

The dollar's decline to three-week lows against the euro, headed for its best weekly gain in over a year as European leaders said they would publish details about the health of European banks.
Lingering fears over European sovereign debt levels are also burnishing the metal's safe-haven appeal.

"We expect gold to continue to perform well given continued fiscal/debt challenges in Europe and the potential for this to spread to other regions," Deutsche Bank said in a note.

For a graphic:http://bit.ly/c9su09

SPDR ETF HITS RECORD

Holdings of the world's largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, hit record highs at 1,307.963 tonnes on Thursday as investors continued to turn to physical bullion as a haven from risk.

For a graphic:http://bit.ly/d2GNmV

For a graphic: http://bit.ly/aR7lNR

Silver tracked gold higher to a four-week peak of $19.24 an ounce. Late in the session it pulled off the highs to trade around $19.16 an ounce against $18.67 late Thursday, slightly outperforming the yellow metal.

Some investors said silver had lately underperformed gold's gains and was due for a greater percentage rise.

The gold:silver ratio fell to its lowest since late May on a day-to-day basis, with one ounce of gold now buying 66 ounces of silver. The silver market, smaller and less liquid than gold, tends generally to outperform when prices are rising.

"If both gold and silver continue to improve, we expect silver to outperform, thus moving the gold-silver ratio lower," said ScotiaMocatta in a note.

Platinum advanced to $1,588 an ounce from $1,574, and palladium was higher at $487 than $479.50 late Thursday. Both hit a one-month highs during the session.
The world's biggest palladium producer, Norilsk Nickel, said it had received an offer for some of its Australian assets, and that it planned to proceed with plans todivest them.
Prices at 3:32 p.m. CDT (2016 GMT)

Source: Reuters

Karvy Private Wealth's 'Advice for the Wise'

Every month Karvy Private Wealth comes out with its newsletter which gives our outlook across sectors along with economic updates both from a global and domestic perspective.

Its a concise look at economic strategy,mutual funds,structured products and financial planning for the month.

In time-starved life of most wealthy individuals,this is ready reckoner on how to invest better and view the economy with a holistic outlook.

Check out the March 2010 'Advice for the Wise'.

With the start of the New Financial Year,this is a must read.