New Delhi, March 15 (IANS). Shares have become the most preferred investment option among India’s next generation high-net worth (HNWI). This information was given in a latest report released on Saturday.
Night Frank’s report has shown that 23 percent of the ‘rich youth’ consider the stock as their primary investment, followed by 22 percent cash and 21 percent assets.
This trend is also the same globally, where 22 percent of the next generation HNWI has chosen shares as its primary investment, followed by property and cash.
Cryptocurrency and digital properties have limited priority, only 5 percent of Indian HNWI consider them to be a major investment option.
Globally, this figure is slightly higher than 9 percent.
Bond has gained interest of 8 percent of India’s rich young people, while the world is 6.5 percent interest.
Night Frank’s report highlights that despite the increasing popularity of alternative investments such as cryptocurrency, venture capital and art, the younger generation still prefer traditional assets.
Shares, assets and cash are the most popular investment options in all income groups.
The report also highlights investment options based on gender.
Worldwide, male preference shares, while women include property and cash investment.
However, both men and women of the next generation rich in India prioritize shares compared to other asset classes.
Meanwhile, a recent report by Knight Frank showed that the next generation of rich Indians is showing deep interest in luxury assets, with high-end cars and premium real estate emerging as their priorities.
About 46.5 percent of the next generation in India wishes to own a luxury car, making it the most demanded asset.
Luxury houses are also a major attraction, in which 25.7 percent have expressed their desire to invest in high-end real estate.
The report highlights that real estate is the second most favorite luxury property among the young people of India.
In addition to car and property, the art collection is another favorite investment, in which 11.9 percent of people show interest in buying valuable artworks.
-IANS
SKT/CBT
