Stocks,
cash and property are the priority investments of Next Gen Indian HNWIs: Knight
Frank
According to a survey
conducted by Knight Frank, 23% of the
Next Gen Indian high net worth individuals (HNWIs) have cited stocks as an
investment of priority. About 22% and 21% cited cash and property as their
priority investments.
Globally, 22% of Next Gen
HNWIs have placed stocks as a priority investment, followed by property and
cash.
Cryptocurrencies and
digital assets have found preferred
investments by 5% of Next Gen Indian HNWIs and with 9% HNWIs globally.
Bonds have found preference
by 8% Indian HNWIs, and by 6.5% HNWIs globally.
Sharing an overall global
inference, Knight Frank stated that while cryptocurrencies, venture capital or
prized art pieces may generate the headlines, the younger affluent generation
is still drawn to the classic trio of stocks, property and cash, which remain
the most popular investment avenues across income levels.
On the global level,
analysis by gender reveals nuanced investment preferences, with males
gravitating towards stocks while females prefer property and cash investments.
From Indian context, stock is the most preferred investment avenue for both
next gen male and female HNWIs.
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