The survey found that a large percentage of HNIs have turned cautious and are postponing big-ticket purchases. Mumbai: The downturn in the Indian economy has not spared the rich. The survey of ultra HNIs, conducted between March and May, found that unlike in , a large percentage of respondents are now saying that there is indeed a downturn this year and an early recovery is not in sight. They are also spending less on occasions like birthday parties and marriages. They still are spending on clothes and accessories and are not cutting back on non-discretionary spending. In the past year, discretionary spending, or expenditure on items that go beyond daily essentials, as a proportion of total spending fell to
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A research report by Crisil and Kotak Wealth Management predicts that 2. A person with a minimum net worth of Rs. The report says Ultra HNIs invest one-fifth of their income for growing their wealth but put a greater proportion back into their business to fuel wealth creation and retain control.
Most ultra HNIs would rather invest in their own business than in instruments in which they have no control. Post Vacancies Job Openings. Login Sign up. Login or Sign up. Latest Articles. Online direct plan distributors offer loan against mutual funds units. Fund houses increase frequency of portfolio disclosure in short term funds. Sundaram MF facilitates instant withdrawal in liquid fund. Disclaimer: Cafemutual is an industry platform of mutual fund professionals.
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Ultra HNIs will treble in five years: Crisil & Kotak Wealth research report
Kotak Wealth Management and CRISIL top Pyramid report launch
A research report by Crisil and Kotak Wealth Management predicts that 2. A person with a minimum net worth of Rs. The report says Ultra HNIs invest one-fifth of their income for growing their wealth but put a greater proportion back into their business to fuel wealth creation and retain control. Most ultra HNIs would rather invest in their own business than in instruments in which they have no control. Post Vacancies Job Openings. Login Sign up.
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Ultra HNIs spending less in weak economy: Kotak-CRISIL study