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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