For Anand Shankar, investing in the US markets was a natural choice. His day job at a private equity firm meant he had the skills to analyse companies and take a call on their growth potential. “Earlier, I would have diversified my investments by investing in gold or real estate. Now that I have a choice, I believe the US markets are a better bet,” says Shankar, 35, who had been a regular investor in Indian markets.
Shankar made his first investment in US stocks last year by allocating a fourth of his 2019 savings. News of audit shenanigans and promoter-pledged holdings that reduced shares in several Indian companies to penny stocks spooked him. He sees the aggressive enforcement by the Securities and Exchange Commission or SEC (the US equivalent of the Securities and Exchange Board of India or Sebi) as key to safeguarding his interests. “That said, scams like Enron have happened there as well,” he points out.
Shankar is among the pioneers of a trend that, while still in its infancy, is expected to grow rapidly over the next few years. In the past, rich Indian investors (defined as those with a net worth of over ₹100 crore) would diversify their holdings either by investing in overseas real estate, equities or debt. Money was routed through Mauritius or other jurisdictions that offered favourable tax treatment before being sent on to Dubai, the UK or the US.
Denne historien er fra March 27, 2020-utgaven av Forbes India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra March 27, 2020-utgaven av Forbes India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Home-Cooked Meal Is Now Greatly Valued
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Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
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Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
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DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
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