 "Who are High Net worth Individuals or HNIs?")
High Net worth Individuals
Who are High Net worth Individuals or HNIs?
HNIs or high net-worth individuals (HNIs) belong to the financial services sector where a class of individuals has an investible surplus of more than Rs 5 crore, below this threshold. Such investors are categorised as retail as they are measured by their net worth in the financial industry.
Net worth is an amount by which assets exceed liabilities.
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Latest Updates on High Net worth Individuals
For your next holiday, dip into a luxury pool villa by the sea, hills
Resorts and hotels report rising demand from customers who want to idle or party by a pool
 "For your next holiday, dip into a luxury pool villa by the sea, hills")
India to see highest rise in number of ultra-rich in 5 years: Knight Frank
Knight Frank's 'The Wealth Report' says Asia will dominate the rise in the number of ultra-rich
 "India to see highest rise in number of ultra-rich in 5 years: Knight Frank")
Address to amenities: What to look for when you buy a luxury apartment?
The 'bigger is better' and the address must be famous, say real estate industry executives
 "Address to amenities: What to look for when you buy a luxury apartment?")
Many Indian HNIs being asked by foreign banks to shut accounts: Report
Two British banks, one Swiss bank and a leading Emirates lender have closed the accounts of these Indians in the last two months
 "Many Indian HNIs being asked by foreign banks to shut accounts: Report")
Leaving on a private jet plane: How India's richest are flying high
The country's richest people can't wait to catch the next chartered flight home
 "Leaving on a private jet plane: How India's richest are flying high")
India likely to witness net outflow of 6500 HNIs in 2023, says study
However, the report said despite the outflow, India's capacity to generate new millionaires and its projected wealth growth makes the situation less concerning
 "India likely to witness net outflow of 6500 HNIs in 2023, says study")
HNIs embracing passive funds on under-performance of active funds
"With commissions to distributors on equity schemes being much higher, the preference for distributing ETFs is much lower," it added
 "HNIs embracing passive funds on under-performance of active funds")
Realty check for luxury housing after crucial change in tax structure
Deduction can be availed of under Section 54 and Section 54F in the same assessment year, thereby enhancing total limit, say tax experts
 "Realty check for luxury housing after crucial change in tax structure")
Elon Musk's net worth hits 11-month low, drops below $200 billion
Tech billionaire Elon Musk's net worth has dropped below $200 billion after Tesla shares recently hit 11-month lows
 "Elon Musk's net worth hits 11-month low, drops below $200 billion")
18% of super-rich Indians invested in cryptos, NFTs last year: Report
In its Wealth Report released on Tuesday, Knight Frank said 18 per cent global UHNWIs now own cryptocurrencies or tokens, and 11 per cent have invested in NFTs (non-fungible tokens)
 "18% of super-rich Indians invested in cryptos, NFTs last year: Report")
Number of ultra HNIs in India up 11% in 2021 at 13,637: Report
The number of ultra-high-net worth-individuals, having net assets of $30 million (about Rs 226 crore) or more, in India increased 11 per cent last year
 "Number of ultra HNIs in India up 11% in 2021 at 13,637: Report")
Street signs: Buy the dips, sell rallies, HNIs look to break even & more
A fall below 16,320 could drag the market to 16,150-16,000 levels
 "Street signs: Buy the dips, sell rallies, HNIs look to break even & more")
Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest
The Rs 731-crore IPO generated bids worth Rs 66,744 crore
 "Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest")
Artha Venture Fund announces final close of Rs 220 crore debut fund
A surge of interest in Indian start-ups and the robust performance of the seed fund's early investment made AVF overshoot its target
 "Artha Venture Fund announces final close of Rs 220 crore debut fund")
Street signs: Gold ETFs to gain traction, PLI may hurt battery firms & more
Gold has bounced back about 8 per cent from March 2021 lows of close to Rs 44,000 per 10 gram and is trading at Rs 47,600, owing to correcting dollar and treasury yields
 "Street signs: Gold ETFs to gain traction, PLI may hurt battery firms & more")
Street signs: HNI IPO bets on thin ice, lapse in rights entitlement & more
At a fund house level, more than 10 per cent of assets can be invested in perpetual bonds of a single issuer
 "Street signs: HNI IPO bets on thin ice, lapse in rights entitlement & more")
Succession planning: Will easy to make, but Trust more robust, say experts
UHNIs should make succession planning top priority
 "Succession planning: Will easy to make, but Trust more robust, say experts")
Average HNI earns Rs 50-lakh interest that's tax free: Govt defends PF move
In the Budget, it was announced that Rs 2.5 lakh a year is the deposit limit for EPF on which interest earned won't attract any tax.
 "Average HNI earns Rs 50-lakh interest that's tax free: Govt defends PF move")
Investment in house on discounts ideal for high net worth individual now
Demand has been lacklustre and prices have not moved up much in the past few years
 "Investment in house on discounts ideal for high net worth individual now")
Street signs: A breather before a new high, Parag Milk on HNI radar & more
The slew of regulatory changes has kept the mutual fund industry and officials of Association of Mutual Funds in India (Amfi) on their toes over the past few weeks
 "Street signs: A breather before a new high, Parag Milk on HNI radar & more")
