Individual wealth of Indians is expected to triple by financial year 2016 to Rs 249 lakh crore.
Wealth held by individuals in the country is likely to double from the present Rs 73-lakh-crore to Rs 144 lakh crore over the next three years, according to a report.
If you are not already lost in the zeros this wealth stands at Rs 257 lakh crore or Rs 257 trillion, according to a report unveiled by Karvy Private Wealth for the year 2014.
Karvy expects individual wealth in India to grow to Rs 558-lakh crore at a CAGR of 12.9% over the next five years.
The recent NSEL crisis has prompted even rich and diehard equity investors to shift to safer fixed income products.
For the wealthy, post-tax returns of debt funds would work out better
Last year this time, India was grappling with an imminent sovereign downgrade, with an uncontrolled fiscal deficit, policy paralysis of the highest order with no economic reforms for eight long years and a weakening rupee.
In the first six months of the year, the average number of deals a month stood at 1,264, against 1,484 in the six months ended December 2012
Experts say a lot of new wealth is being generated by promoters selling their stake.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
High savings, aggressive asset allocation and a frugal lifestyle can help you hang up your boots a decade early.
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