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December 2021
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News Headlines
BWF World Tour Finals: Lakshya Sen collapses in semi-final against Viktor Axelsen        Multiply an IVF-tech startup launches is its AI-based platform that will replace conventional processes in IVF clinics        At least 31 people killed by terrorists' attack on bus in Mali        Former chief minister of undivided Andhra Pradesh Konijeti Rosaiah dies at 88        1,495 teachers in Kerala schools yet to get vaccinated        Fourth case of Omicron in India, 33-year-old Maharashtra man tests positive for new COVID-19 variant        Actor Brahma Mishra found dead at his residence in Mumbai        “Comeback King"-A short-film by KKR on Sunil Narine’s incredible journey as a cricketer        Honda sets up battery sharing service subsidiary in India        Record low birth rates in China        No travel bans imposed by India for Omicron: MEA        CPI(M) local leader hacked to death        Two confirmed cases of Omicron detected in Karnataka        BWF World Tour Finals: Sindhu makes winning start; Lakshya also through        Depositors of PMC Bank to get pre-Covid interest rate        Vaccinated California man first in US to test positive for Omicron        Kerala determined to prevent new HIV infections by 2025, says CM Pinarayi Vijayan        Doctors can’t be always blamed for negligence in deaths, says Supreme Court        Tourist inflow in J&K hit 7-year high in November: Govt        isl: Odisha come from behind to beat SC East Bengal in 10-goal thriller        
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Business News
Kristal crosses 500 million dollars AUM landmark
 
Mumbai, Kristal, a private wealth advisory and investment management platform, on Monday said that it has crossed SGD 500 million dollars (USD370) mark in assets under management (AUM).
The platform has thus witnessed 5X annual growth in its AUM, since its launch in 2016 in Singapore.
Kristal aims to democratize private banking. A private wealth account at Kristal starts at USD50,000 compared to USD1,000,000 at global private banks.


Just like a private bank, Kristal also offers hands-off investing experience to its private wealth clients. Investors, if they prefer, don’t have to spend time researching or monitoring their portfolio. They have a team of a relationship manager, investment advisor and an award-winning Algo supervising their investments at all times. It is experiences like these that have made Kristal the no.1 wealth manager in the mass affluent & emerging HNI segment of Asia.


Kristal has also opened new opportunities for Indian investors. Unlike most platforms that offer only fractional stocks & ETFs, Kristal offers pre-IPO deals, VC funds, Private Equity Funds, Hedge Funds, Arbitrage Funds, Life Settlement funds, Bond Funds, Structured Notes, plus immigration services. Beyond the benefit of choice Indian investors can also do better diversification with Kristal as it fractionalizes the funds. For example, an institutional fund which has a stated investment minimum of $200,000 is available on the platform for as low as $25,000. This also allows investors flexibility in allocating the $250,000 annual LRS limit set by RBI across multiple funds. Instead of investing in one fund they can potentially invest in ten funds and achieve better diversification.


Kristal’s top investor profiles comprise CXOs and senior executives besides second generation business owners and tech entrepreneurs, belonging to the age bracket of 25-45 years. Key factors driving these investors to Kristal are 1) access to alpha generating opportunities like Pre-IPO deals, buyout funds etc. 2) ability to hedge currency risk by saving in dollars 3) option to save for kids' higher education overseas. The option to create customized portfolios using the AI and also own it jointly with family members is an added plus.


Kristal has grown 5X every year since its inception in 2016. Today it has clients across 20 countries with a majority in Singapore & India. On the occasion, Mr. Asheesh Chanda, Founder and CEO, Kristal, said, “A critical success factor behind our growth has been our ability to deliver the premium global products & advisory at reasonable price to investors. The fact that we help banks & wealth managers expand their product offerings & client base, has also contributed tremendously to our success. We are here to increase the size of the wealth management industry and not take away market share from existing players. Hence partnership is our mantra as we pursue our goal of 20X growth by 2025.”


Singapore, Hong Kong, India & UAE are the focus markets for Kristal for the next 12-18 months. It has augmented its leadership team to drive the growth. Ms. Aarthi Ramakrishnan, a seasoned investment banker and private investor with over 20 years of experience across several global banks, joined Kristal India as Country Head - India and Middle East. Mr. Manmohan Mall, an experienced global investment banker with 18+ years of experience across asset classes and geographies, has joined Kristal Singapore as Head - Private Markets, a newly established business vertical offering equity/debt investment solutions around early to late stage pre-IPO companies, which will be a key growth driver for the overall business.


Multiply an IVF-tech startup launches is its AI-based platform that will replace conventional processes in IVF clinics
Honda sets up battery sharing service subsidiary in India
Depositors of PMC Bank to get pre-Covid interest rate
Noida International Airport to boost realty sector in Noida, Faridabad
Jack Dorsey steps down as Twitter CEO, IIT-B grad Parag Agarwal to succeed him
Jio to Increase Mobile Services Rates from December 1
Issue price of Sovereign Gold Bond fixed at Rs 4,791 per gram
Truecaller announces the launch of Version 12 with several exciting new features
IndiGo resumes flights to Singapore under air bubble pact
Singapore Airlines resumes passenger services to India with 50 percent off
Truecaller crosses 300 million active users globally
Ola rolls out Pan India test rides, will be available across 1000 plus cities and towns
Reliance and Saudi Aramco decide to review O2C deal
Amazon India launches all-women Partner Delivery Station in AP
Sitharaman asks India Inc to be more risk-taking, commit investments
Rupee Closes 9 Paise Higher At 74.37 Against Dollar On Tuesday
Paytm Money launches AI powered Voice Trading
Nykaa shares make dream debut; list at over 79 pc premium
India on way to becoming fastest growing economy in world: FinMin report
Non Coking Coal import reduces by 16 pc from 2019: Coal ministry
KERALA NEWS
1,495 teachers in Kerala schools yet to get vaccinated
 Thiruvananthapuram: There are 1,707 teaching and non-teaching staff in government schools of Kerala  
CPI(M) local leader hacked to death
Kerala determined to prevent new HIV infections by 2025, says CM Pinarayi Vijayan
People not following Covid measures will not get free treatment: Pinarayi Vijayan
INTERNATIONAL NEWS
At least 31 people killed by terrorists' attack on bus in Mali
 Bamako: At least 31 people have been killed and eight more injured as a result of terrorists' attack
Record low birth rates in China
Vaccinated California man first in US to test positive for Omicron
US expresses concern over rights abuses in Afghanistan, asks Taliban to take necessary steps
NATIONAL NEWS
Former chief minister of undivided Andhra Pradesh Konijeti Rosaiah dies at 88
 Hyderabad: Former chief minister of undivided Andhra Pradesh and veteran Congress leader Konijeti Ro
No travel bans imposed by India for Omicron: MEA
Doctors can’t be always blamed for negligence in deaths, says Supreme Court
maharashtra: Quarantine mandatory for passengers coming from at-risk countries; RT-PCR must for those arriving from other states
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