Building a well-balanced portfolio of investments, which accomplishes a steady growth of wealth, is a life goal for many. Regardless of how busy life gets with other pursuits, wealth management should not be put on the backburner.

The world of wealth management has quickly adapted to technological advancement and financial evolution. Besides the tech advances, black swan events, such as the recent COVID-19 pandemic and the invasion of Ukraine, had drastic implications on many an investor's portfolios. The volatile environment makes it all the more important for individuals to managetheir finances andassets carefully.

KredX, India's largest supply chain finance platform, unveiled its plans to disburse ₹2000 crores in working capital, over and above the usual disbursement, in order to meet the growing working capital demands of businesses ahead of the upcoming festive season. This year, the efforts will be held under a new initiative called ‘KredX Spark’, with plans to boost Indian businesses ahead of the festive season. Notably, in the previous year, the company had disbursed 1500 crores of working capital to approximately 650 Micro, Small, and Medium Enterprises (MSMEs) across various sectors, highlighting their commitment to supporting businesses in their financial endeavors.

The 2nd edition of KredX's festive season working capital report indicates that manufacturing and ecommerce industries are expected to spearhead the demand for working capital ahead of the festive season.

KredX, India's largest supply chain finance platform, today announced its plans to disburse ₹1500 crores working capital, over and above the usual disbursement, to cater to the increasing working capital needs of MSMEs ahead of the upcoming festive season. This additional allocation comes at a time when this sector, which accounts for 27% of GDP and is crucial to the functioning of the economy, is staring at an acute credit gap of about $380 billion.

A KredX study found out that this shortage is felt acutely in the runup to the festive season, during which MSMEs witness increased demand for goods and services.

Building a well-balanced portfolio of investments, which accomplishes a steady growth of wealth, is a life goal for many. Regardless of how busy life gets with other pursuits, wealth management should not be put on the backburner.

The world of wealth management has quickly adapted to technological advancement and financial evolution. Besides the tech advances, black swan events, such as the recent COVID-19 pandemic and the invasion of Ukraine, had drastic implications on many an investor's portfolios. The volatile environment makes it all the more important for individuals to managetheir finances andassets carefully.

The onset of Covid-19 has impacted people's lives in manners unheard of in any humanitarian crisis in the recent past. The impact has been widespread, spanning both the personal and professional lives of people worldwide. Businesses have seen supply chain disruptions of unimaginable magnitude.The disruption that originated from China in February 2020, followed by the global shutdown, exposed multiple vulnerabilities in business strategies and supply chain everywhere in the world. To keep the show running and address desired supply chain goals, businesses had to find contemporary ways to meet them.In its present form, the global supply chain is still evolving to defy the disruptive forces that Covid brought along and might continue to in the future. As we continue to reel under multiple waves of Covid, international supply chain normalisation looks years away, whereas the domestic supply chain disruptions normalised relatively quickly.