Financial prowess of wisdom investors1 min read . Updated: 20 Aug 2013, 07:54 PM IST
WI is a person aged 45 years or above and falls under the upper and middle segments of society
HDFC Standard Life Insurance Co. Ltd in its survey, HDFC Life ValueNotes Life Freedom Index: Wisdom Investor, has interviewed over 400 wisdom investors from 11 cities across India, where 51% are from tier I cities and 49% from tier II. A wisdom investor (WI) is defined as a person who is aged 45 years or above and falls under the upper and middle segments of society.
The findings from the survey were distilled into various specific measurement indices that collectively form an overall Life Freedom Index. Of the sample size, 35% were female. The survey finds that tier I WIs are more confident about the sufficiency of their financial plan and their overall feeling of financial freedom is relatively higher than that of their tier II counterparts. Here are more findings from the survey: