Business Other News 21 May 2019 46 pc ultra high net ...

46 pc ultra high net worth Indians to increase investment in private equity: Survey

PTI
Published May 21, 2019, 6:38 pm IST
Updated May 21, 2019, 6:40 pm IST
On an average, private equity finds 4 per cent allocation in the overall investment portfolio of Indian UHNWIs.
The report found that the positive attitude of UHNWIs towards investments in asset class has also gone up to 26 per cent in Asia in 2019 as compared to 20 per cent last year. (Representational image)
 The report found that the positive attitude of UHNWIs towards investments in asset class has also gone up to 26 per cent in Asia in 2019 as compared to 20 per cent last year. (Representational image)

New Delhi: Around 46 per cent of ultra high net worth individuals in India are likely to increase their investment in private equity segment in 2019, a jump of 9 per cent compared to last year, a survey showed.

According to the Attitudes Survey of ultra high net worth individuals (UHNWIs) conducted by Knight Frank, 31 per cent of the survey respondents around the globe said that they are going to increase allocation to private equity this year.

 

In 2018, 25 per cent respondents had cited allocation in private equity.

The report found that the positive attitude of UHNWIs towards investments in asset class has also gone up to 26 per cent in Asia in 2019 as compared to 20 per cent last year.

On an average, private equity finds 4 per cent allocation in the overall investment portfolio of Indian UHNWIs, while the global average for such allocation is 7 per cent, the survey found.

"In India, where the volume of wealth is rising the fastest globally, UHNWIs in the country are expected to decrease cash exposure and increase their allocation to private equity in 2019 as local investors grow in sophistication," Knight Frank India Chairman and MD Shishir Baijal said.

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT