India’s wealthy individuals have a preference for equity and bonds for better economic growth

India’s wealthy individuals have a preference for equity and bonds for better economic growth
08/03/2019 , by , in News/Views

Real Estate with 23 per cent allocation was the third-most invested asset class by Indian ultra-high net worth individuals (UHNWIs). Interestingly, liquidity was not the preferred asset which made up only 9 per cent of the total investments of Indian ultra–rich.

India’s wealthy individuals have a preference for equity and bonds, as they place their bets on prospects of better economic growth in Asia’s third-largest economy. On the other hand, their Asian counterparts prefer real estate, cash and gold, global property consultancy firm Knight Frank said in a wealth report. For 2018, Indian wealth managers gave a thumbs up to equities, and allocated 30 per cent to this asset class, 28 per cent to bonds, as their clients preferred these high return investment avenues.

“While globally UHNWIs are showing affinity towards more liquid investments as it is the most risk averse asset, Indian counterparts on the other hand are increasing their exposure in the equity and bonds,” said Shishir Baijal, chairman & managing director, Knight Frank India.

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