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Who are High Net worth Individuals or HNIs?
Net worth is an amount by which assets exceed liabilities.
What is an investible surplus?
Types of HNIs
Latest Updates on High Net worth Individuals
Wealthy Indians offer 'significant growth potential' for such assets, it says
Resorts and hotels report rising demand from customers who want to idle or party by a pool
Knight Frank's 'The Wealth Report' says Asia will dominate the rise in the number of ultra-rich
The 'bigger is better' and the address must be famous, say real estate industry executives
Two British banks, one Swiss bank and a leading Emirates lender have closed the accounts of these Indians in the last two months
The country's richest people can't wait to catch the next chartered flight home
However, the report said despite the outflow, India's capacity to generate new millionaires and its projected wealth growth makes the situation less concerning
"With commissions to distributors on equity schemes being much higher, the preference for distributing ETFs is much lower," it added
Deduction can be availed of under Section 54 and Section 54F in the same assessment year, thereby enhancing total limit, say tax experts
Tech billionaire Elon Musk's net worth has dropped below $200 billion after Tesla shares recently hit 11-month lows
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)
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
A fall below 16,320 could drag the market to 16,150-16,000 levels
The Rs 731-crore IPO generated bids worth Rs 66,744 crore
A surge of interest in Indian start-ups and the robust performance of the seed fund's early investment made AVF overshoot its target
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
At a fund house level, more than 10 per cent of assets can be invested in perpetual bonds of a single issuer
UHNIs should make succession planning top priority
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.
Demand has been lacklustre and prices have not moved up much in the past few years