How and where did India’s affluent invest their wealth in 2017? Did equity continue to hold sway or did one of the world’s fastest-growing HNWI populations take to real estate? Did India’s ultrarich park more funds in FDs than in mutual funds? What do the next five years hold for India’s wealthiest?

Find out answers to these questions and many more fascinating insights into how individual wealth is invested in the country.

Highlights

India has more millionaires than most countries in the Asia Pacific and the fastest-growing population of high net worth individuals anywhere in the world!

14.19%

CAGR of individual wealth growth by 2023

392lakh Crore

The total individual wealth in India

Where did India’s affluent put their money?

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Direct Equity
FD &
Bonds
FD & Bonds
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Insurance
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Savings Bank
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Cash
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Mutual Funds

Key Findings

1


India is the fastest-growing wealth market in the world the HNWI population grew by about 20% as did theirwealth

2


Overall individual wealth in India grew by 14% to touch Rs 392 lakh crore

3


Indians are increasingly preferring financial assets to physical ones – investments in financial wealth grew 14%, and just 9% in physical assets

4


Equity continued its dominance, and overtook FDs & bonds as the preferred way to park wealth

5


Mutual funds & alternative assets showed a lot of promise –growing by 34.5% & 33.6% respectively

6


India has the fourth largest population of millionaires in the Asia Pacific region. The HNWI population expanded by 20.4% and their wealth grew by 21.6%