In this week’s episode of TOI Wallet Talks, we talk about how the investment strategies of the rich vary from other individuals? Throwing light on this interesting topic is Sahil Kapoor, Senior Executive Vice President at 360 ONE Wealth.
As Kapoor points out, for the HNIs and ultra HNIs, wealth preservation is the important factor rather than wealth creation.
Investment ideas of wealthy Indians: ReITs, InvITs, GIFT City, commercial realty – what rich want
Watch the video above to know interesting insights into the investment bets of the rich. From REITs to InvITs to boutique fund managers, investment through GIFT City and in commercial real estate like malls – the plethora of investment options for the rich make for a must-watch.
According to a recent report titled “The Wealth Report 2023” by Knight Frank, India’s ultra high net worth individuals will grow by 58.4% in the next five years from 12,069 in 2022 to as many as 19,119 in 2027. Knight Frank has defined Ultra HNIs to be individuals with a net worth of above $30 million. Similarly, the HNI population with a net worth of above $1 million will rise by a whopping 107% by 2027; from 797,714 in 2022 to 1.65 million by 2027!
According to the study by Knight Frank, for an individual to be among the top 1% of wealthy individuals in India the net worth is estimated at $175,000.
The top 10 countries to watch out for in terms of growth of ultra HNIs between 2022-27 are; Hungary (74.4%), Turkey (69.1%), Poland (66.9%), New Zealand (64.7%), India (58.4%), South Korea (58%), Philippines (58%), Sweden (50.9%), Chinese mainland (49.8%), Malaysia (44.8%).
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