HNIs do a balancing act with MFs
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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, ...
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