Individual investor wealth across
various investment avenues registered an impressive growth of 10 per cent
to ₹430-lakh
crore last fiscal compared to ₹392-lakh crore logged in
the financial year ended March 2018.
According to 10th Karvy Private
Wealth report released here on Wednesday, individual investors’ wealth in
financial asset increased 11 per cent to ₹262-lakh crore (₹236-lakh
crore) with direct investment in equity, fixed deposit and insurance topping
the chart.
Investments in physical assets
such as real estate and gold increased eight per cent to ₹167-lakh
crore (₹156-lakh
crore) in FY19. The proportionate of financial assets has moved up to 61 per
cent from 57 per cent in the last five years.
Interestingly, investments in
gold exchange traded fund (ETF) fell five per cent to ₹2,661
crore against ₹2,798 crore in FY18 largely due to emergence of sovereign gold
bond which attracted an investment of ₹7,960 crore (₹6,960
crore).
Karvy Private Wealth estimates
individual wealth in India to touch ₹799-lakh crore in the next
five years with allocation to financial assets accounting for 66 per cent and
that of physical assets touching 34 per cent.
Abhijit Bhave, Chief Executive
Officer, Karvy Private Wealth, said notwithstanding the volatility, direct
equity continues to hold the fort in terms of investment preference, reflecting
investors belief equity markets.
“We believe India’s drive towards
a $5-trillion economy will have a cascading positive effect on the individual
wealth by 2024. We expect the HNI population to touch one million over the next
five year,” he added.
Direct investment in equity is
set to register the highest growth rate of 21 per cent to touch ₹136-lakh
crore in five years from ₹52-lakh crore currently.
Fixed deposit and bonds will grow at 12 per cent CAGR to hit ₹80-lakh
crore (₹46-lakh
crore), according to Karvy report.
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