Individual wealth in unlisted equity to hit Rs 17.6-lakh cr by FY22: Karvy

By FY22, Karvy expects individual wealth to double and touch Rs 639-lakh crore

The total wealth held by individuals in unlisted equities stands at Rs 7.25-lakh crore, up 23.38% year-on-year (y-o-y), and is projected to touch Rs 17.64-lakh crore by FY22 – a compounded annual growth (CAG) of 19.54%, says Karvy India Wealth Report for 2017.

The stellar rise in unlisted equity space, Karvy says, has been on account of investors, promoters and shareholders reaping huge profits on their investments in start-ups that are encouraging investors to try this offbeat investing idea. That apart, buoyant market conditions and lure of making a good return once the stock lists at the bourses is also