Our favourite holding period is forever.
-Warren Buffett
Recently, IIFL investment managers teamed up with Wealth-X to create ‘India’s Quantum Leap’ on the wealth and wealthy of India. This week, I’ll be borrowing a few statistics from this report to present you with a fresh and a new perspective on wealth & the journey associated.
India is expected to add the fourth-highest number of High Net Worth Individuals in the next five years, only behind the star economies of U.S., China, and Japan yet ahead of the European powerhouse – Germany.
Here’s what the High Net Worth Indians are doing right with their money-
To make life simpler, here’s the inference you should care about – The wealthy have become wealthy through smart investing and by having a very good understanding about equities as an asset class.
Investing & Equity – bring these together and you will discover the secret sauce to wealth creation. Speaking of equities, here’s how this week went for Indian equities.
Fund News:
HDFC Mutual Fund has decided to assign fund management responsibilities for Overseas Investments to Amar Kalkundrikar in place of Rakesh Vyas with effect from January 10, 2019.
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