In the banking sector, an incentive program is a structured initiative designed to motivate customers to take specific actions, such as opening new accounts, making transactions, using credit or debit cards more frequently, or even maintaining a higher balance. Incentive programs can be tailored to reward both individual customers and businesses for their engagement with the bank's products and...

A loyalty program in banking is a system designed to incentivize customers for using a bank’s services, such as making transactions, using credit or debit cards, taking out loans, or even maintaining a minimum balance in savings accounts. In return for their loyalty, customers receive rewards such as: Cashback: A percentage of the amount spent via credit or debit card is returned to the...

Merchant onboarding is the process through which a business or seller gets set up to accept payments, list products, and sell on an online platform or marketplace. It involves several stages, from registering your business to integrating payment systems and ensuring compliance with relevant regulations. Think of it as your “business entry ticket” to the world of online selling.   Step 1:...

Generative Artificial Intelligence (GenAI) has gained increasing attention, enhancing design productivity by elevating creativity within the conceptual design process. Despite these advancements, how GenAI will influence the conceptual design process and methods remains ambiguous, hindering its full potential. This study introduces a systematic literature review to explore GenAI's role in the...

Passive mutual funds are rapidly gaining traction in India, primarily due to their cost-effectiveness and simplicity. Recent data indicates that the assets under management (AUM) for passive funds have surged to over Rs 10 lakh crore, capturing nearly 17% of the market share. These funds aim to achieve potential gains by tracking the performance of a specific index. What are passive funds? ...

Investing in mutual funds is conveniently easy as mostly it is in Open-ended Mutual Funds category that allow investors to invest and redeem at any time. Mutual funds by large are categorised as per the structure: open-ended and close- ended, closed-ended and interval. Let us explore in detail the open-ended funds. What are open-ended funds? Open-ended funds are mutual...

ASK Private Wealth widens its global footprint through the new DIFC office to serve NRIs and Global Investors  ASK will offer customized wealth management solutions, meeting the global diversification needs of Indian and Middle East investors. Mumbai: 14 January 2025 – ASK Private Wealth, the Wealth Management arm of Blackstone-backed ASK Asset & Wealth Management Group, announced the...

Mumbai & New Delhi | February 22, 2024: ASK Property Fund, the real estate private equity arm of Blackstone backed ASK Asset & Wealth Management Group, has announced an investment of Rs 120 crore in TREVOC’s luxury residential project in Gurgaon. TREVOC is investing Rs 80 crore in the project. The amount will be deployed from ASK Property Fund’s recently closed high yield debt fund, ASK...

A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds.