Most of the wealth of rich families ie High Net Worth Households in India is still in real estate. At the same time, investment in equity or stock market is at number two. Most of these people are not happy with their investment returns.
It has been revealed that Marcellous Wealth and Dun & Bradstreet (Dun & Bradstreet) in Marcellus India Wealth Survey. High net worth household is usually imposed from families whose property worth Rs 5 crore or more.
No satisfaction from investment, savings are also reduced
In this survey, the opinion of 465 high net worth household of metro and Tier-1 and Tier-2 cities was taken. 40% of this said that they are unhappy with their investment returns despite the last 5 -year historic bull market.
According to Manish Hemnani, Coo Manish Hemnani of Marselus Wealth, about half of the age of 30 to 45 years of age is able to save less than 20% of the income after Indian tax. At the same time, his goals are quite big. Such as taking early retirement, buying a house, spending children’s education and marriage, and starting your own business.
Over-exposure in real estate
More than 20% of the portfolio of more than half of the people in the survey is engaged in real estate (except primary home). Equity investment comes second.
14% Respondent reported that they do not have any emergency fund. And there are 23% who are completely unaware of Global Investments Options.
Debt and investment lack of understanding
40% of the people involved in the survey admitted that they have taken some kind of open loans, of which home loans are prominent. At the same time, 10% admitted that they have heavy debt burden.
30% of the people considered the Lack of Saving Discipline as a problem and 20% admitted that they did not have complete knowledge of investment options.
Take advice, but no trust
87% are dependent on the external experts for high net vessel financial advice. Such as wealth managers, bank relationship managers or families. However, two-thirds of people are not happy with advice. His main complaint is that advice is unilateral. It is not given according to the needs of every individual and does not match with their financial goals.
Need to change mindset
Marselas co-founder Saurabh Mukherjea said that the mindset of investors in India is still in change. Amir Indians are still learning to balance between risk and liquidity. Especially, but at a time when interest rates are rising and the global economy is surrounded by uncertainties.
Mukherjee also emphasized that parents in India often save children for marriage, which is less seen in Western countries. This means that the purpose of savings in India also includes cultural aspects, which fall on and long-term saving.
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