India’s UHNWIs population grew by 116 per cent during 2013-18 with Bengaluru leading the pack
Indian investors’ love towards capital market is well known. Not from today, but from 1875, when Asia’s first stock exchange the Bombay Stock Exchange (BSE) was established in the financial capital of the country, which is now known as Mumbai. This fact was once again established in the recent report titled ‘The Wealth Report’, released by Knight Frank, a leading global independent property consultancy.
Not only this, based on their investment acumen, Indians are expected to create a bigger fortune in the current calendar year 2019. This can be seen from yet another finding of the report that says India has led the global growth of Ultra High Net Worth Individuals (UHNWIs) with a growth of 116 per cent in billionaire population between 2013 and 2018. As per the Wealth Report, the High Net Worth Individual (HNWI) is classified as someone with a net worth of over US $1 million (approximately `7 crore) excluding their primary residence, while UHNWI is someone with a net worth of over US$ 30 million (approximately `210 crore), excluding their primary residence.
According to the Attitudes Survey, launched in March within the Knight Frank Wealth Report, is based on responses provided by 600 private bankers and wealth advisers who between them manage over US $3 trillion of wealth for their UHNWI clients.
For 2018, Indian respondents to the attitude survey launched along with the wealth report gave thumbs up to equities (30 per cent) and bonds (28 per cent) where respondents to the survey said that their clients preferred these high return investment assets. Real estate with 23 per cent was the third most invested asset class by India’s UHNWIs. Interestingly, liquidity was not the preferred asset, which made up only nine per cent of the total investments of Indian ultra-rich.
Diese Geschichte stammt aus der April 2019-Ausgabe von Outlook Money.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 2019-Ausgabe von Outlook Money.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Tax Reforms: What's In Store?
The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What's the need for these reforms? We try to answer these and other questions regarding tax reforms
5 Questions That Will Lead You To The Right Financial Planner
Choosing a financial planner is not as easy as it may seem. Besides the right credentials, you should also consider things like the kind of services you will be needing-tax advisory, estate planning-as well as the fee structure. Here are five questions that will help you choose the right planner
Health Insurance Sub-Limits
Sub-limits in health insurance are restrictions placed by the insurance company on the SP maximum amount they will pay for specific expenses that are part of the total hospital bill.
Delayed Gratification, Humility, Understanding Inflation And Risks Key To Financial Success
The journey to financial success is continuous, requiring patience, education, and disciplined decision-making.
Avoiding Common Pitfalls through Asset Allocation and Multi-Asset Investing
Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.
Mutual Funds for Financial Growth
Mutual funds allow you to invest in small amounts and seize the compounding growth, and experts help tackle volatility and asset allocation, making them a potent tool to create wealth.
Multi-Asset Investing is The Financial Equivalent of A Well-Balanced Diet
Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.
Theme and Triumph: How Thematic Funds Can Boost Your Bottom Line
Thematic funds target high-growth opportunities in various industries and economic sectors, allowing investors to participate in future-focused segments to generate long-term returns.
Wealth Creation Through SIP - The Slow & Steady Road to Success
For investors seeking to create long-term wealth, SIPS are a powerful tool that enables regular, disciplined investments to generate compounding returns.
Tuition Fee Varies Among Countries
I am 22 years old and have recently started working in a software company.