E-PaperHigh Net Worth Individual News
58,000 Indians Became ‘Crorepatis’ Since 2020; What’s Fueling The Rise Of The Wealthy? | Watch
Over the lasy 3 years, the number of crorepatis in India grew by nearly 58,000. According to an economic times report this marks a 51% jump in the number of crorepatis in the country. Tax data reveals that rich Indians grew richer despite the pandemic. These 57,951 have joined the income tax bracket of ₹1 crore and above recently. What caused this surge?
21 Aug 2023Why Should You Be Wary Of Fancy Banking Programs For The Rich
Get an insider's look at premium banking programs and the luxurious lifestyle services they offer. From airport lounges to discounted movie tickets, explore the rewards that come with being a high-net-worth individual. But beware! We'll also expose the potential hidden costs and mis-selling practices you need to be aware of.
30 Jun 2023Humble SIPs rush in as HNIs begin their exit
The number of SIP folios has increased since April, with about 29.4 million folios active at the end of NovemberSystematic investment plans are likely to keep the mutual fund fire burning for sometime, at least among small investors
3 min read16 Dec 2019India's ultra-rich prefer investing in equities, bonds over real estate: Report
The report says around 30% of investments by UHNWIs went to equities and 28% to bonds, followed by 24% in propertiesInvestment in gold was just 4%
2 min read6 Mar 2019Indian millionaires lead wealth growth in Asia Pacific, but stick to safe investments
While there is no clearly defined level of wealth to determine who fits into the category, those with a net worth of $1 million or more are generally considered HNWIs
3 min read20 Dec 2018HNIs 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
4 min read19 Dec 2018Tax implication on migration of high net-worth individuals
HNIs who have migrated outside India need to be cautious about their Indian tax residency status and the ensuing tax payment/filing obligations
5 min read6 Jul 2018Buoyant stock market, real estate made Indian HNIs wealth grow fastest in 2017: report
India was the fastest growing market in 2017, with a 20.4% HNI population expansion and a 21.6% HNI wealth growth, says a World Wealth Report by Capgemini
2 min read20 Jun 2018HNIs cautious in setting goals on giving
India's high net-worth individuals (HNIs) are contributing time and expertise apart from money, says Bain-Dasra study
3 min read23 Feb 2018The giver’s circle
Influence of education, the need to uplift society and feel-good factor aside, family influence is a key factor of why and how people give
2 min read16 Feb 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared