MyWay Wealth Weekly Update (Issue #14): The Wealthy & Wealth of India and more…
Our favourite holding period is forever.
Recently, IIFL investment managers teamed up with Wealth-X to create ‘India’s Quantum Leap’ on the wealth and wealthy of India. This week, I’ll be borrowing a few statistics from this report to present you with a fresh and a new perspective on wealth & the journey associated.
India is expected to add the fourth-highest number of High Net Worth Individuals in the next five years, only behind the star economies of U.S., China, and Japan yet ahead of the European powerhouse – Germany.
Here’s what the High Net Worth Indians are doing right with their money-
To make life simpler, here’s the inference you should care about – The wealthy have become wealthy through smart investing and by having a very good understanding about equities as an asset class.
Investing & Equity – bring these together and you will discover the secret sauce to wealth creation. Speaking of equities, here’s how this week went for Indian equities.
HDFC Mutual Fund has decided to assign fund management responsibilities for Overseas Investments to Amar Kalkundrikar in place of Rakesh Vyas with effect from January 10, 2019.