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Motilal Oswal Financial Services was set up by Motilal Oswal and Raamdeo Agrawal as a broking house in 1987. [5] The company entered into investment banking in 2005, followed by private equity fund in 2006. [6] In February 2006, the company acquired Peninsular Capital Markets, a Cochin, Kerala based broking company for Rs. 35 crore. [7]
According to SEBI, during FY 2022–23, 73% of mutual fund units were redeemed within 2 years of investment. Only investments in 3% of the units continued for more than 5 years. [3] [4] According to the Reserve Bank of India report, mutual funds attracted 6% of household savings in FY2023 and less than 1% went into direct equities.
A portfolio manager (PM) is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. Clients invest their money into the PM's investment policy for future growth, such as a retirement fund , endowment fund , or education fund. [ 1 ]
Raamdeo Agrawal is an Indian businessman, stock market investor and Chairman of Motilal Oswal Group [1] which he co-founded with Motilal Oswal in 1987. According to Forbes , he has a net worth of $1.7 billion as of April 2024.
However, instead of joining the family trade, Oswal decided to pursue formal education. He studied at the SPU Jain College in Falna before moving to Mumbai to study CA. In 1987, during his stay at a Mumbai hostel, the Rajasthan Vidyarthi grih Oswal met Raamdeo Agarwal, his friend with whom he later founded Motilal Oswal Financial Services. [2]
A systematic investment plan (SIP) is an investment vehicle offered by many mutual funds to investors, allowing them to invest small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.
Nitin Rakesh, an Indian-American businessman, author, and philanthropist, is currently the Chief Executive Officer and Director of Mphasis.Prior to that, Rakesh was Syntel's CEO and president, [1] as well as CEO and Managing Director of Motilal Oswal Asset Management Company Ltd., and as Chief Executive of State Street Syntel Services, a joint venture between Syntel and State Street Bank.
SBI Mutual Fund is an Indian private asset management company [6] introduced by the State Bank of India (SBI) and incorporated in 1987 with its corporate head office located in Mumbai, India.