How do the rich grow their wealth? Survey reveals strategies used by HNIs

Quick Summary:

Over 40 per cent of wealthy women are between the ages of 51 and 60, with many favouring lower-risk, stable investment products.

While 82 per cent of wealthy individuals are either engaged in philanthropy or plan to in the next two years, UHNIs, especially those above 60, are more inclined towards charitable activities.

The report, based on a survey of over 1,000 wealthy individuals across India, indicates that HNIs and UHNIs  largely maintained a positive outlook on their portfolios, despite volatile markets.

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Category: BusinessFinance

Markets: India

Topics: Wealth management India Investment trends HNI UHNI Inflation concerns India Portfolio diversification HNI Indian wealth management trends Indian market outlook Wealth management services India Equity mutual funds Cryptocurrency investment India UHNI returns India 12-15% returns expectation Digital asset investments Private wealth management India. HNI investment strategies Sector-specific investments Wealthy investors India Alternative investments India Investment behavior wealthy Indians India wealth survey HNI portfolio diversification Passive funds India Wealth Index report 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 12:09:38 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 747 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23566914

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Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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