At least half-a-dozen visa and immigration service providers told ET they have seen a 20% surge in queries in the past two months and the number is expected to go up in the coming months as people recover from Covid.
‘HNIs invest in stocks, stay off fixed income, real estate’
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Wealth managers see interest in start-ups, gold as hedge
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Wealth managers see interest in start-ups, gold as hedge
Despite the current uncertain economic environment precipitated by the surge in COVID-19 cases, wealthy Indians as well as their family offices are seen investing in blue-chip stocks in India and abroad as well in technology start-ups to maximise their returns, according to wealth managers and analysts.
They have mostly moved away from investing in low-yielding fixed instruments such as fixed deposits and bonds, and real estate, even as they invest while putting about 5% of their funds in gold which has emerged as a hedge against rupee depreciation, the analysts said. In addition, there are about 100 top listed companies that are attracting investments from this class, they added said.
The profile of donors includes family offices, business families, professionals, startup entrepreneurs, celebrities as well as the ‘new rich. HNIs are offering donation cheques ranging between Rs 10 lakh and Rs 10 crore, wealth managers say.
Maharashtra tops millionaire households list followed by UP and Tamil Nadu
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. Updated: 16 Mar 2021, 08:07 PM IST PTI
Uttar Pradesh has the second largest number of millionaire households at 36,000. Its economy has been annually growing at 10.6% in the past one decade
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With 56,000 dollar-millionaire households, Maharashtra leads the country in wealth creation followed by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat, says a report.
These states together account for 46% of the 4.12-lakh millionaire households in the country.
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According to a wealth report by Hurun India, known for its annual rich list, there were 4.12 lakh dollar-millionaire households last year in the country, which has been one of the fastest wealth-creating economies producing the third-most number of billionaires annually.
Family philanthropy funding triples but social sector will still see a deficit But a decline in revenue and profitability will impact Indian corporationsâ ability to contribute to the social sector through CSR activities.
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Funding from family philanthropy tripled its corpus to â¹12,000 crore in the last financial year but the social sector will continue to see an annual funding deficit because of a pandemic-induced setback, says a new report. Indiaâs rich continue to contribute a lot less compared to their American counterparts.
A decline in revenue and profitability from the pandemic will impact Indian corporationsâ ability to contribute to the social sector through their corporate social responsibility (CSR) initiatives, according to the