In his commencement address to the class of 2013 at the Harker University, Nipun Mehta spoke of the importance of gratitude and other human values.
The controlling shareholders of smaller and mid-sized companies are reducing their stakes at levels seldom seen since the 2008 global financial crisis. Over 20 per cent of companies listed on BSE MidCap and BSE SmallCap have seen a decline in promoter holdings for five consecutive quarters, reveals data from DSP Mutual Fund, shared with Business Standard. In the latest June quarter, the figure stood at 22.6 per cent.
The amount of money Indians invested in foreign securities, property, and deposits in 2022 was likely the highest on record. At $2.1 billion, it was the largest spend for any 12-month period according to the Reserve Bank of India's (RBI's) data going back over a decade. The amount spent for each individual segment was also the highest.
According to Nipun Mehta of Unitis Tower Wealth Advisors, the poison seems to have gone out of the market. But he sounds concerned over the kind of retail investment that is coming into the market.