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.
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