HNIs and ultra HNIs are shifting to financial assets. Should you?
One of the advantages of financial assets over physical assets is the convenience of buying and selling. For example, if you want to buy equity shares, you open a broking account and simply give an order to buy from exchanges
As much as 40%-50% of wealth in Indian business families continues to be invested in own businesses, a trend that is unlikely to change, but there is a change in allocation with the rich preferring financial assets over physical assets, according to two recent first-of-their-kind wealth reports on high net worth and ultra high net worth individuals (HNIs and UHNIs).