Top of the Pyramid is a research report on behaviour and spending patterns of the Ultra High Net Individuals (UHNI) in India; by Kotak Wealth Management.
Highlights:-
Stays in old castles & villas in Ireland, Switzerland & Greece are getting popular among Indian ultra-HNIs #TOPIndia pic.twitter.com/jWUmludUFX
— Top Of the Pyramid (@TOPIndia) July 24, 2014
Highlights:-
- 16 per cent increase in the number of Indian Ultra High Net worth Households to around 117,000 in FY 2013-14.
- Indian ultra-HNIs have a combined wealth of 104 trillion rupees, estimated to jump to 408 trillion rupees in 2018-19.
- 100,900 Ultra HNH (High Net worth Households) in 2013 grew 16% to 117,000 in 2014.
- Over 60 per cent of the UHNIs surveyed consider philanthropy while planning annual expenditure; education (86 per cent) followed by ‘food for poor’ (79 per cent) get preference.
- 26 per cent of UHNIs surveyed also included Private Equity (PE) investments in their portfolios with Real Estate and IT emerging as top two sectors and e-commerce being the favourite on the PE investment block for UHNIs, according to the report.
- Anticipating a stronger domestic economy, India's ultra-HNIs are now optimistic about investing in equity markets.
- 58.6% of Indian HNIs consider luxury homes a status symbol.
- Almost half of India’s ultra HNIs reside in cities other than the top four metros.
- Stays in ancient castles and luxury villas in Ireland, Switzerland and Greece are gaining popularity among the ultra-rich in India.
- Indian ultra-HNIs want out-of-the-world experiences...literally! Many would love a trip to the Moon or into outer space.
- For 14.3% HNIs, islands are the perfect vacation location.
- 27.3% of Indian HNIs prefer to buy jewellery, diamonds, & precious stones abroad; rather than buy them in India.
- 5% Indian HNIs think a wood-paneled library is an essential amenity in their luxury home.
