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Mumbai: TAIB Bank India has announced the launch of TAIB Wealth Management (TWM), a premium portfolio management service (PMS) aimed at select domestic as well as non-resident clients. The company also launched its online trading portal called 'indiadirect', an online trading platform complete with payment and depository gateways and digitally secure transactions. Says TAIB Bank EC vice-chairman and CEO Iqbal G Mamdani: ''We at TAIB firmly believe that the Indian market offers an enormous potential for the global investor community. Presently we are strongly recommending our individual and institutional investors in the Gulf to invest in India.'' TWM aims to construct tailor-made portfolios, providing an array of services, including financial planning, advisory services and discretionary portfolio management. TWM provides clients with a trusted partner enabling them to grow their wealth in a judicious manner. Adds Mamdani: ''True wealth management utilises a blend of investors' financial objectives, market conditions, investment opportunities and constant monitoring, to achieve optimum returns. With an experience in having serviced HNWI clients in the Gulf as well as non-resident Indians for the past 20 years, we believe we are more attuned to offering personalised investment advisory service.'' All TWM clients would have their risk-return profile assessed based on individual characteristics and goals. The TAIB team would then undertake the task of thorough research and meticulous financial planning and would arrive at the best asset allocation model for each client. The client can also expect services like current portfolio assessment and monitoring, continuous market updates and investment ideas, technical trade ideas and mutual fund recommendations and assistance in MF investments. TAIB also launched their online trading portal 'indiadirect' to provide investors with seamless trading experience complete with independent third party payment and depository gateways on a digitally secure platform. indiadirect, www.taibdirect.com, offers a novel way to trade in Indian equities. Combined with a range of investment tools, indiadirect gives the user the power to make a smarter trade. indiadirect provides direct online trading to the National Stock Exchange. The combination of state-of-the-art technology, enabling streaming quotes and TAIB's brokerage expertise, coupled with the access to research, enables the user to make a better and well-informed investment decision. indiadirect has also been conceived keeping the non-resident investor's requirements in mind. Commenting on the superiority of indiadirect, Girish Nadkarni, director, TAIB Securities India, says: ''indiadirect has been designed to ensure seamless trade that offers a hassle-free trading experience. The product has the advantage of the highest level of security and best quality research.'' TAIB Bank is the first Gulf-based institution to receive the foreign institutional investor (FII) status in India. With long-term, well-established links to leading local merchant banks and business houses, TAIB is uniquely positioned to keep abreast of the latest trends and provide insight into the growing opportunities within India - particularly within the high-technology sector. Worldwide TAIB offers managed funds, real estate, private placements, advisory services and brokerage services.
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