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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]
Pages in category "Investment management companies of India" The following 8 pages are in this category, out of 8 total. ... Motilal Oswal Financial Services; S.
[25] [26] The EOW-Mumbai in its supplementary charge sheet has also accused the three brokerages IIFL, Motilal Oswal & Anand Rathi of cheating clients. [27] [28] In February 2019, SEBI declared IIFL and Motilal Oswal ‘not fit and proper’ as commodity derivative brokers based on the recommendations of SFIO & EOW's report. [29] [30] [31] [32]
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.
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 ]
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]
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$95 billion) recorded in December 2013.
JM Financial was founded in 1973 by Mahendra Kampani and Nimesh Kampani as a spin-off from Jamnadas Morarjee Securities' investment banking arm [4] and was originally set up as a consultancy practice. [2] [5] In 1986, it was incorporated as a private limited company to engage in the business of Stock-broking. [6]