Stocks remain top investment choice for next-gen wealthy Indians: Report

0
16
Stocks remain top investment choice for next-gen wealthy Indians: Report
Advetisment

New Delhi, March 15 (IANS) Stocks are the most preferred investment option among India’s next-generation high-net-worth individuals (HNWIs), a new report said on Saturday.

The report by Knight Frank has revealed that 23 per cent of young wealthy Indians consider stocks their priority investment, followed closely by cash at 22 per cent and property at 21 per cent.

The trend is similar on a global level, where 22 per cent of next-gen HNWIs have chosen stocks as their primary investment, followed by property and cash.

Cryptocurrencies and digital assets have found limited preference, with only 5 per cent of Indian HNWIs considering them a key investment choice. Globally, this figure stands slightly higher at 9 per cent. Bonds have gained the interest of 8 per cent of India’s young wealthy individuals, compared to 6.5 per cent worldwide.

Knight Frank’s report highlights that despite the growing popularity of alternative investments like cryptocurrencies, venture capital, and art, the younger generation still prefers traditional assets.

Stocks, property, and cash remain the most popular investment options across income groups.

The report also sheds light on investment choices based on gender. Across the globe, men tend to favour stocks, while women lean towards property and cash investments.

However, in India, both men and women from the next generation of wealthy individuals prefer stocks over other asset classes. Meanwhile, a recent report by Knight Frank showed that the next generation of wealthy Indians is showing a strong interest in luxury assets, with high-end cars and premium real estate emerging as their top preferences.

About 46.5 per cent of next-gen HNWIs in India aspire to own a luxury car, making it the most sought-after asset.

Luxury homes are also a major attraction, with 25.7 per cent expressing a desire to invest in high-end real estate.

The report highlighted that real estate is the second-most preferred luxury asset among India’s young wealthy individuals.

Apart from cars and property, art collections are another favoured investment, with 11.9 per cent showing interest in acquiring valuable artwork.

–IANS

pk/rvt/

Go to Source

Disclaimer

The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

For any legal details or query please visit original source link given with news or click on Go to Source.

Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.

If you are not willing to accept this disclaimer then we recommend reading news post in its original language.

Advertisment