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HNIs News

Hurun India Wealth Report 2021

19 Feb 2022

70% of millionaires prefer sending children abroad for school, reveals survey

Watch collecting is the most popular hobby, with 63 percent of HNIs owning at least four watches. One-fourth of those polled changed cars in less than three years. Mercedes-Benz is the most popular luxury car brand, followed by Rolls-Royce and Range Rover.

24 Jun 2016

Brexit may make UK real estate cheaper for Indian buyers

Indian investors may look at acquiring properties in UK, including in London, following devaluation of pound and fall in real estate prices due to Britain's exit from European Union, property consultants said on Friday.

01 Mar 2016

Investment via P-Notes slumps to 16-month low of Rs 2.31 lakh crore

Investment through participatory notes (P-Notes) into India's capital markets has hit a 16-month low of Rs 2.31 lakh crore at the end of January amid weakness in equity markets.

24 Jan 2016

'Mumbai, Delhi among top Asia Pacific cities for millionaires'

India's financial hub Mumbai, which is home to 41,200 millionaires, and national capital Delhi, which houses 20,600 high net worth individuals, have been named among the top Asia Pacific cities for HNIs.

26 Nov 2015

HNI wealth to nearly double to $2.3 trillion by 2020: Report

The wealth of the country's high networth individuals (HNIs), which is likely to touch at USD 1.224 trillion this year, may nearly double to USD 2.3 trillion by 2020, says a study.

23 Aug 2015

SEBI steps up black money fight; busts gains through 'losses'

As it steps up its crackdown on tax evasion and laundering of black money through stock markets, regulator SEBI has busted an 'innovative' scheme wherein HNIs were incurring 'bogus losses' to offset tax liabilities.

07 Jun 2015

Despite muted growth, MFs bullish on global equity funds

"We do believe that principal reason behind international equity funds not picking up currently is the differential tax treatment," JP Morgan Asset Management managing director and chief executive Nandkumar Surti told PTI, adding, "we keep giving representation on the issue to the government seeking a level playing field.

19 Jan 2015

Investments via P-Notes drop to Rs 2.36 lakh crore in Dec

Investment in Indian markets through participatory notes (P-Notes), a preferred route for HNIs and hedge funds from abroad, declined to Rs 2.36 lakh crore (USD 38 billion) in December from the preceding month.

18 Nov 2014

FII investments via P-Notes surges to $43 billion in Oct

Investments into domestic shares through participatory notes (P-Notes) surged to the highest level in more than six-and-half years at Rs 2.65 lakh crore (about USD 43 billion) in October.

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