High Net-worth Individuals

Branded homes in high demand; IHCL, Marriott tie up with developers

Hospitality majors like IHCL, Marriott, and others are partnering with developers to tap the growing demand for branded residences, as luxury homebuyers drive the trend across metro and tier-II cities

India's alternative assets market to grow 5x to $2 trn by 2034: Report

Wealthy Indians offer 'significant growth potential' for such assets, it says

For your next holiday, dip into a luxury pool villa by the sea, hills

Resorts and hotels report rising demand from customers who want to idle or party by a pool

India to see highest rise in number of ultra-rich in 5 years: Knight Frank

Knight Frank's 'The Wealth Report' says Asia will dominate the rise in the number of ultra-rich

Address to amenities: What to look for when you buy a luxury apartment?

The 'bigger is better' and the address must me famous, say real estate industry executives

Many Indian HNIs being asked by foreign banks to shut accounts: Report

Two British banks, one Swiss bank and a leading Emirates lender have closed the accounts of these Indians in the last two months

Leaving on a private jet plane: How India's richest are flying high

The country's richest people can't wait to catch the next chartered flight home

India likely to witness net outflow of 6500 HNIs in 2023, says study

However, the report said despite the outflow, India's capacity to generate new millionaires and its projected wealth growth makes the situation less concerning

HNIs embracing passive funds on under-performance of active funds

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 ...

Realty check for luxury housing after crucial change in tax structure

Deduction can be availed of under Section 54 and Section 54F in the same assessment year, thereby enhancing total limit, say tax experts

Elon Musk's net worth hits 11-month low, drops below $200 billion

Tech billionaire Elon Musk's net worth has dropped below $200 billion after Tesla shares recently hit 11-month lows

18% of super-rich Indians invested in cryptos, NFTs last year: Report

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)

Number of ultra HNIs in India up 11% in 2021 at 13,637: Report

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

Street signs: Buy the dips, sell rallies, HNIs look to break even & more

A fall below 16,320 could drag the market to 16,150-16,000 levels

Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest

The Rs 731-crore IPO generated bids worth Rs 66,744 crore

Artha Venture Fund announces final close of Rs 220 crore debut fund

A surge of interest in Indian start-ups and the robust performance of the seed fund's early investment made AVF overshoot its target

Street signs: Gold ETFs to gain traction, PLI may hurt battery firms & more

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

Street signs: HNI IPO bets on thin ice, lapse in rights entitlement & more

At a fund house level, more than 10 per cent of assets can be invested in perpetual bonds of a single issuer

Succession planning: Will easy to make, but Trust more robust, say experts

UHNIs should make succession planning top priority

Average HNI earns Rs 50-lakh interest that's tax free: Govt defends PF move

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.