Validus Wealth

Month: June 2019

LGT Buys Majority Stake In Validus

Validus Wealth, a wealth management firm, on Thursday said it has sold a substantial majority stake to LGT, a private banking and asset management group owned by the princely family of Liechtenstein. The value of the transaction and the size of stake purchased by LGT were not disclosed. Validus was earlier known as WGC Wealth …

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Prefer Mid-Caps Over Large-Caps Now, Says WGC Wealth’s Rajesh Cheruvu

Indian equities are likely to be range-bound with a downward bias for the remaining part of the year, says Rajesh Cheruvu, Chief Investment Officer, Validus Wealth. In an interview with Ashley Coutinho, he says mid-caps are trading at a discount to their historical averages, given the selloff since early 2018. Edited excerpts:

Monetary Policy Review June-2019

RBI changed the stance from Neutral to Accommodative and cut the policy rates by 25bps from 6% to 5.75% (in-line with consensus expectations). The Governor clearly stated that the change in stance means “rate hikes are off the table for now”. Expect two more rate-cuts in FY20. Post 3 consecutive rate cuts (total 75bps), RBI …

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