Skip to main content

Individual investor wealth up 10% at ₹430-lakh cr


Individual investor wealth across various investment avenues registered an impressive growth of 10 per cent to ₹430-lakh crore last fiscal compared to ₹392-lakh crore logged in the financial year ended March 2018.
According to 10th Karvy Private Wealth report released here on Wednesday, individual investors’ wealth in financial asset increased 11 per cent to ₹262-lakh crore (₹236-lakh crore) with direct investment in equity, fixed deposit and insurance topping the chart.
Investments in physical assets such as real estate and gold increased eight per cent to ₹167-lakh crore (₹156-lakh crore) in FY19. The proportionate of financial assets has moved up to 61 per cent from 57 per cent in the last five years.
Interestingly, investments in gold exchange traded fund (ETF) fell five per cent to ₹2,661 crore against ₹2,798 crore in FY18 largely due to emergence of sovereign gold bond which attracted an investment of ₹7,960 crore (₹6,960 crore).
Karvy Private Wealth estimates individual wealth in India to touch ₹799-lakh crore in the next five years with allocation to financial assets accounting for 66 per cent and that of physical assets touching 34 per cent.
Abhijit Bhave, Chief Executive Officer, Karvy Private Wealth, said notwithstanding the volatility, direct equity continues to hold the fort in terms of investment preference, reflecting investors belief equity markets.
“We believe India’s drive towards a $5-trillion economy will have a cascading positive effect on the individual wealth by 2024. We expect the HNI population to touch one million over the next five year,” he added.
Direct investment in equity is set to register the highest growth rate of 21 per cent to touch ₹136-lakh crore in five years from ₹52-lakh crore currently. Fixed deposit and bonds will grow at 12 per cent CAGR to hit ₹80-lakh crore (₹46-lakh crore), according to Karvy report.

Visit - https://www.thehindubusinessline.com/markets/stock-markets/individual-investor-wealth-up-10-pc-at-430-lakh-crore/article29708647.ece

Labels:
Location: Mumbai, Maharashtra, India

Comments

Post a Comment

Popular posts from this blog

ADVICE FOR THE WISE – JULY 2020

  FROM THE CEO’s DESK Dear Investors, “More money has been lost trying to anticipate and protect from corrections than actually in them.” Peter Lynch. The BSE Sensex had the best quarter since June 2009 and had risen more than 35 percent from lows in March, despite Covid-19 lockdown having seriously hampered economic activity. Backed by better-than - expected economic data in recent months, along with a proactive government stance and central bank policy intervention coupled with the resurgence of FPI flows into the domestic equity market, indicates towards a "V-shaped" recovery. Corrections in the equity market offer incentives for buying quality stocks at lower valuations. Instead of worrying, we expect this downturn and the year 2020 from an investment opportunity perspective as the risk-reward ratio in the current scenario is in favour of equity investments. In regards to the domestic market, while we expect second half of FY21 to see a turnaround in production, diffic...
Post a Comment
Read more

The World This Week : 29th May 2020 – 5th June 2020

Indian Equity Summary-   ·  The Global and the domestic equity market witnessed a broad based rally on the backdrop of gradual reopening of the global economy and Ø  unprecedented stimulus package implemented worldwide by the central banks and government. The domestic equity market, in line with the global markets closed in green for the second consecutive week with Nifty 50 and Sensex up by 5.86% and 5.75% respectively.   ·  Majority of the sectoral indices closed in green on a W-o-W basis with the top performing sectoral indices being BSE Realty, BSE Consumer,Durable, BSE Metals that rose by 11.12%, 10.03% and 9.27% respectively.   ·  Going forward, global factors like development on the US -China relationship front , Covid-19 situations as globally economies have started, opening up and as the remaining results of the earnings seasons unfold will continue to dictate the trend of the domestic equity market. We expect the trading range for Nif...
Post a Comment
Read more

Private wealth soars by 10% in FY19

The individual wealth in India has swelled by 10% in the last fiscal backed by strong growth in financial assets. The individual wealth in India has swelled by 10% in the last fiscal backed by strong growth in financial assets, a report said on Wednesday. However, compared to financial assets which grew by 10.96%, physical assets growth was at a slower pace of 7.59% and individual investors are making more investments in financial assets, Karvy Private Wealth, the wealth management arm of financial-services conglomerate Karvy Group said. Direct Equity, mutual funds, pension funds, alternative investments and international assets saw the most favorable return rate. “Direct Equity continues to hold the fort in terms of investment preference in India. This shows the belief of investors in the Indian equity markets notwithstanding the volatility it has been through,” Abhijit Bhave, Chief Executive Officer, Karvy Private Wealth, said in a statement.  Further, Prime Minister ...
Post a Comment
Read more