India’s richest people’s secret revealed! 60% of super-rich invest money in only these 2 things, they are…

The widening gap between the rich and the poor in India can be seen in a recent report. Global asset management firm Bernstein revealed in its report that the top 1% of the country’s wealthy population holds nearly 59% of the total wealth. These individuals primarily focus on just two investment sources, where they allocate most of their money. The report refers to them as the “uber rich,” which includes Ultra High Net Worth Individuals (UHNI) and High Net Worth Individuals (HNI).

India’s 60% Uber-rich’s Wealth In Real Estate And Gold

Around 60 per cent of India’s Uber rich wealth is still parked in real estate and gold, according to a report by Bernstein. Uber rich individuals include Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI), and the Affluent class.

The report stated “Uber Rich own approx. USD 2.7 Tn in serviceable assets, approx. 60 per cent wealth still parked in real-estate & gold”. As per the report, India’s total household assets are valued at USD 19.6 trillion.

Out of this, USD 11.6 trillion, which is 59 per cent, is held by the top wealth bracket referred to as the “Uber Rich”. This group includes the Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI), and the Affluent class.

1% Hold 60% Of Total Assets

Together, they account for just about 1 per cent of Indian households but hold 60 per cent of the total assets and 70 per cent of the financial assets in the country.

Of the USD 11.6 trillion held by the Uber Rich, only USD 2.7 trillion is considered to be in serviceable financial assets like direct equity, mutual funds, insurance, and bank or government deposits.

This USD 2.7 trillion is defined as the “Serviceable Addressable Market (SAM)” for wealth managers, suggesting that this segment of financial assets can be actively managed, advised on, or invested.

As per report, the remaining USD 8.9 trillion is parked in non-serviceable assets such as physical real estate, gold, promoter equity, and currency assets, areas that are traditionally not managed by wealth managers or are harder to reallocate easily.

(With Inputs From ANI)

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