Karvy’s India Wealth Report 2017 : Share Investment lead the charge for wealth creation - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Tuesday, December 12, 2017

Karvy’s India Wealth Report 2017 : Share Investment lead the charge for wealth creation

Equities lead the charge for wealth creation: Karvy’s India Wealth Report 2017

- Individual wealth in direct equity rose around 26.8% to Rs 37.6 lakh crore in FY17
Fixed Deposits retained top spot to be India’s most preferred financial asset
- Financial Assets ruled the roost in wealth creation in FY17
- Wealth in real estate is likely to double in next 5 years, signifying a turnaround for the sector in coming years

8 Highlights:
1      Total wealth held by individuals in India has grown by 11% to Rs. 344 lakh crore in FY17. Karvy predicts overall wealth in India to nearly double to Rs. 639 lakh crore at a CAGR of 13% over the next 5 years

2   Individual wealth in financial assets grew by 14.63% to reach Rs 204 lakh crore. This handsome growth was driven by Direct Equity (26.8% growth), Mutual Funds (39.2%), Savings Deposits (27.85% growth) and Current Account Deposits (39.72% growth)

3 Over 66% of wealth in financial assets is held in direct equity, fixed deposits, insurance and savings deposits

4      Individual Wealth in physical assets stood at Rs. 140 lakh crore, slowing down to just 5.92% growth as compared to 10.32% growth in the previous year

5  Gold and real estate form 91% of physical assets, where individual wealth is growing at a slower pace

6   IPOs, pre-IPOs and unlisted equities/private equity are the flavor of the current time among HNIs who seek higher returns on account of unlocking of potential valuation upon listing

7  Individual wealth in Direct Equity is expected to grow at a CAGR of over 21% in next 5 years to reach almost Rs 100 lakh crore. This will have a rub-off impact on other financial assets like mutual funds, insurance and pension funds leading to high growth

8 The implementation of various reforms such as GST, RERA, Insolvency and Bankruptcy Code and recapitalization of banks among others are likely to move more informal sector into the formal economy and hence boost GDP and individual wealth

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Karvy’s India Wealth Report 2017 : Share Investment lead the charge for wealth creation Reviewed by S. Chitra on December 12, 2017 Rating: 5 Equities lead the charge for wealth creation: Karvy’s India Wealth Report 2017 -   Individual wealth in direct equity rose around 26.8%...

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