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 me 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

High networth individuals (HNIs) are increasingly lapping up passive funds, with their exchange-traded fund asset base registering a 66 per cent growth to Rs 34,000 crore in 2022-23, according to a report on Tuesday. HNIs are informed investors, and hence, use platforms that allow direct investing in passive funds. Moreover, passive investments are comparatively more attractive than active investments owing to their ease of investing, better liquidity, and lower cost. According to a report by Motilal Oswal Financial Services, HNIs' ETF AUM rose to Rs 34,000 crore in FY23 from Rs 20,400 crore in FY22, indicating a surge of 66 per cent. It was at Rs 13,700 crore in 2020-21 and Rs 7,500 crore in 2019-20. Further, HNIs ETF AUM has witnessed a compound annual growth rate (CAGR) of 70 per cent over FY19-FY23. This has resulted in the share of passive AUM (ETFs and Index funds) in the overall asset under management (AUM) increasing to 16.5 per cent in March 2023 from 6 per cent in June ...

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