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India's wealthy to double their riches to Rs 188 trn in 5 years: Report
India's population of high net worth individuals (HNWIs) is set to grow by 86 per cent by 2021, with the value of the wealth surging to ~188 trillion from ~95 trillion at present.Globally, the number of HNWIs (those worth more than $1 million or ~71.3 million) is set to increase by 40 per cent over the same period. India's wealthy population is expected to grow10th fastest in the world, on a list dominated by emerging economic powers, with Iceland representing the only developed economy in the top 10.These are the key findings of India's Quantum Leap, a joint report by IIFL Wealth Management Wealth and Wealth-X, the leading providers of global data and insight into the wealthy. Five hundred HNWIs, each with wealth worth ~65 million or more, were interviewed for the report.The rich in India grew by 9.4 per cent to 284,140 in number between 2015 and 2016, and their wealth rose by 7.4 per cent. Over the past five years, this HNW population has grown by just a little less than 40 per ...
 "India's wealthy to double their riches to Rs 188 trn in 5 years: Report")
India home to 236,000 millionaires, to touch 554,000 by 2025
According to the India 2016 Wealth Report, unlike most other countries, India has performed "very well" in terms of wealth performance since 2007
 "India home to 236,000 millionaires, to touch 554,000 by 2025")
HNIs can make money if Quess Corp lists around Rs 470
If shares of Quess Corporation list below 50 per cent premium, investors with leveraged bets may end up losing money. The portion reserved for high net worth individuals (HNIs) in the Quess Corporation's initial public offering (IPO) was subscribed over 390 times.The break-even cost for these investors, as back of the envelope calculations show, works out to Rs 470 a share for those who have applied with borrowed money. That's over 47 per cent premium to the issue price of Rs 317 a share. However, Quess may rise 60 per cent on listing if grey market premiums are anything to go by.RBS' call goes horribly wrongOn January 8, the advice of Andrew Roberts, head of European economics at RBS, stumped many brokerages and fund managers. The RBS team predicted that things looked similar to that of 2008, and advised investors to sell everything except high-quality bonds. Six months later, RBS' prediction seems to have gone terribly wrong.Since January, Brent crude oil is up 39 per cent, the S&
