HNIs do a balancing act with MFs
They are diversifying mutual fund investments across debt and equity
With rising personal income, the number of millionaires in India with sizeable amounts to invest is rising rapidly. According to the 2016 Wealth Report by New World Wealth, the number of high networth individuals (HNI) in India increased to 2,36,000 from 1,52,000 in 2007 and these numbers are expected to double in the next 7-10 years. With local financial markets putting up a good show last year, ...
Read the rest of this article by Signing up for Portfolio.
It's completely free!
SIGN UP NOW
Investment alerts,End of day market reports, Market news analysis,External research reports and Technical calls
Daily update on Business and Market news via email
'Your Market Corner' Widget with personalized business and market news