Connect with us

Finance

Investing in equities is key to financial freedom for women, says Shibani Kurien

Published

on

Investing in equities is key to financial freedom for women, says Shibani Kurien

Women should consider diversified investment portfolios to mitigate risks and optimize returns over the long term keeping in mind their investment objectives, says Shibani Kurian, Senior Executive Vice President, Fund Manager & Head – Equity Research, Kotak Mahindra Asset Management.

In an interview with MintGenie, Kurian said that tailored investment education programs, mentorship opportunities, and success stories of women investors can inspire and build confidence.

Edited Excerpts:

What according to you should be done to attract more women to invest in equities?

Financial freedom is of utmost importance for women helping them take control of their destinies and lead lives of empowerment and independence. Financial freedom is not possible without investing in the future. Hence, there is a growing need for women to understand asset allocation including investing in equities. Investing in equities is often considered alien to women. However, to the contrary, women naturally embody the very characteristics needed to be successful equity investors. 

To encourage more women to invest in equities, there is a need for a focused effort on financial education that is accessible and relatable. Tailored investment education programs, mentorship opportunities, and success stories of women investors can inspire and build confidence. Creating platforms that offer supportive communities for women to share experiences and learnings can significantly impact their investment journey.

Advertisement

What is your take on the role of mutual funds in building financial knowledge and securing a stable financial future for women?

Mutual funds are pivotal in building financial knowledge and securing a stable financial future for women. They offer a simplified entry point into the investing world, allowing women to benefit from professionally managed portfolios. Mutual funds also provide educational resources that can help demystify the investing process, making it more approachable for beginners.

How does one benefit from investing through SIPs?

Investing through systematic investment plans (SIPs) benefits investors by instilling discipline, offering the advantage of rupee cost averaging, and allowing the flexibility to start with small amounts. SIPs make it easier to commit to long-term financial goals and can be particularly advantageous in building wealth gradually without the pressure of timing the market.

Why and how should women opt for a diversified investment portfolio?

Women should consider diversified investment portfolios to mitigate risks and optimize returns over the long term keeping in mind their investment objectives. Diversification across asset classes, geographies, and sectors can help cushion against market volatility. This approach aligns with the principle of not putting all eggs in one basket, thereby, securing investments against unforeseen market downturns.

There is an increasing presence of women in the financial industry. Do you think it has brought the necessary impact in shaping investment strategies?

The increasing presence of women in the financial industry has indeed made a significant impact. Women supporting women creates a much larger impact encouraging other’s to join the path to financial freedom. Women often bring diverse perspectives and innovation to investment strategies, contributing to more holistic and balanced decision-making. Their growing influence also promotes gender diversity and inclusivity, which can lead to more tailored financial products and services that cater to a broader range of investors.

How can women work towards building a robust retirement portfolio?

Women can work towards building a robust retirement portfolio by starting early, making informed investment choices, and consistently reviewing and adjusting their portfolios to align with changing financial goals and market conditions. Emphasizing investments in a mix of equities, fixed income, and other asset classes, depending on risk tolerance and time horizon, is key to building a retirement corpus that can withstand inflation and provide stability in the golden years.

Advertisement

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here.
Download The Mint News App to get Daily Market Updates.

More
Less

Published: 08 Mar 2024, 09:12 AM IST

Advertisement

Finance

Crunch Fitness, Petland could get a new neighbor at Pensacola Square

Published

on

Crunch Fitness, Petland could get a new neighbor at Pensacola Square

The Pensacola Square shopping plaza, which includes businesses such as Hobby Lobby, Books-A-Million and Crunch Fitness, may be getting a new tenant.

Alabama-based loan agency Regional Finance is looking to open its first Florida branch at unit 117 of Pensacola Square.

Regional Finance has over 350 branch locations across 19 U.S. states at this time, including Alabama, Georgia, Mississippi and North Carolina, and they provide a range of services to their clients, ranging from personal and auto repair loans to furniture, appliance and travel loans.

Advertisement

They submitted an application to the city in order to conduct alterations on the space, which is located next to Petland inside the plaza, and the plans are still under review by city officials at the time of writing.

moved onto a new chapter with the addition of national gym franchise Crunch Fitness, which is bringing flocks of people into the southern half of the plaza since it opened off North Davis Highway.

Plans submitted to the city of Pensacola show it could get a new tenant soon. However, this addition may not appeal to as many potential customers as its neighbors.  

Advertisement

Regional Finance has over 350 branch locations across 19 U.S. states at this time, including Alabama, Georgia, Mississippi and North Carolina, and they provide a range of services to their clients, ranging from personal and auto repair loans to furniture, appliance and travel loans.

If the plans for their first Florida branch are approved, the loan agency will join a plaza with multiple popular businesses, including Hobby Lobby, Beall’s and Petland, that still has room to grow.

Trader Joe’s even showed interest in leasing a space inside the plaza at one point, according to a showcase of the property by Cushman & Wakefield.

Crunch Fitness, a gym that signed a 15-year lease for its space, is has help revitalizing interest in Pensacola Square, along with recent additions like Fuji Sushi & Grill & Hotspot as well as incoming tenants like Concentra.

Concentra, one of the top occupational health services providers in the U.S., will open inside the former home of Rainbow clothing.

Advertisement

While the address for the project is 6235 N. Davis Hwy, the alterations won’t be carried out on the Hobby Lobby and Books-A-Million chunk of the plaza.

That section was purchased last year for $7 million by Destiny Worship Center, a not-for-profit corporation based in Destin with locations in Crestview, Freeport, Fort Walton Beach and Panama City Beach but none in Pensacola, sparking concern that the businesses would be replaced by a new church.

Rob Bell, senior advisor and asset manager for Bellcore Commercial, who represented Destiny Worship Center in the sale, emphasized this week that it’s still unlikely Hobby Lobby will leave the plaza anytime soon because they still hold a long-term lease inside the building.

Continue Reading

Finance

State aims to reclaim $850K from campaign finance vendor

Published

on

State aims to reclaim 0K from campaign finance vendor

OKLAHOMA CITY (KFOR) — The state is now looking to recoup around $850,000 from a company they said didn’t meet deadlines to create a campaign finance website.

It’s The Guardian and was supposed to be up and running in October, but that didn’t happen. The Guardian is the name of the state’s online campaign finance reporting system.

“They were unable to deliver a compliant system,” said Ethics Commission Executive Director Leeanne Bruce Boone during their meeting on Friday.

The company at the center of it all is RFD and Associates, based in Austin, Texas. They were hired in December 2024 to begin the project of creating The Guardian 2.0.

The previous company, according to the commission, was with Civix. However, problems arose between the state and that company, so they had to shift and find a new vendor.

Advertisement

The commission appropriated around $2.2 million for the endeavor.

Months went by, and according to the commission’s timeline, deadlines were missed altogether.

Dates in June were missed, and in August, the company received a warning from the Ethics Commission. The Office of Management and Enterprise Services (OMES) had to get involved in October and conduct an independent technical assessment.

The October date was proposed by the company, but it wasn’t met. In November, a formal notice of system failures and vendor non-compliance was noted.

“None of the milestones were met,” said Bruce Boone during the meeting. “Extensive corrective steps over many months. Written warnings were sent.”

Advertisement

At the Friday meeting, the commission voted to cut the contract with the company, and a contract with the previous one was then sent out.

“Terminate the contract and proceed with legal action,” said Bruce Boone.

Bruce Boone said that in total $850,000 was actually spent throughout this process on RFD. The new contract with Civix, she said, is estimated to cost over $230,000 and should last for three years. The effort is needed ahead of the 2026 election.

Now the commission has decided to bring in the Attorney General’s Office to see if they can get the money back.

“I take very seriously my role to ensure that taxpayer dollars are spent fairly and appropriately,” AG Drummond said in a statement. “My office stands ready to take legal action to recover damages, hold those responsible accountable, and work with the Ethics Commission to ensure the public has a reliable means to access campaign finance reports.”

Advertisement

News 4 attempted to get a statement out of the Chief Operating Officer of RFD and Associates, who had been in the meeting but quickly left after the commission voted.

“No comment,” said COO Scott Glover.

What would you say to taxpayers about that?

In response, he said, “I don’t agree with the ethics commission’s decision. That’s all I have to say.”

The Guardian had been delayed by several months, but the commission did respond appropriately and timely manner to requests made for documents.

Advertisement

The Guardian was back online Friday afternoon.

Continue Reading

Finance

One.funding and MV Commercial launch MV Asset Finance

Published

on

One.funding and MV Commercial launch MV Asset Finance

One.funding has partnered with UK-based MV Commercial to introduce MV Asset Finance, which offers an alternative method for MV Commercial’s customers to secure finance, according to a LinkedIn post.

In developing MV Asset Finance, representatives from One.funding worked closely with MV Commercial’s team to better understand business priorities and the requirements of their customer base.

Advertisement

Access deeper industry intelligence

Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.

Find out more


According to the post, the service aims to remove friction, ensure complete transparency, and enable a seamless process from initial engagement to completion by integrating support within MV Commercial’s operations and presenting it under their brand.

MV Commercial supplies fleet solutions for vehicles within the UK.

The company’s offerings include trucks, trailers, and light commercial vehicles that are available for sale, rental, or contract hire.

Its current rental and Ready to Go fleets consist of 2,000 specialist trucks, vans, and trailers across various depots in Airdrie, Grantham, Livingston, Oxford, Haydock, and London Luton.

Advertisement

One.funding CEO Lee Schofield said: “At One.funding, we’ve 20 years of experience in building point-of-sale finance that fits naturally into how businesses sell. MV Asset Finance shows what’s possible when that experience is embedded into the MV Commercial journey, making it easier for their customers to keep moving and keep growing.”

A recent example involved AMK Plant & Tipper Hire, which added a DAF FAD XD450 Construction eight-by-four tipper truck to its fleet, the company’s first DAF tipper purchase.

The transaction was finalised in three weeks; MV Commercial supplied the vehicle while financing was arranged through the newly launched MV Asset Finance framework.

Advertisement


Advertisement
Continue Reading

Trending