NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Rediff News  All News 
« Back

Individual wealth grew 14% in F18

December 06, 2018 16:19

A report tabled today says individual wealth in India grew by 14.02% to reach Rs. 392 lakh cr in FY18. This was achieved by a huge 17.42% wealth growth in financial assets and a sober 9.24% wealth growth in physical assets.

The report released by Karvy Private Wealth, called the India Wealth Report 2018, provides a holistic view of all the asset classes that have contributed to wealth creation in the last one year. Direct Equity emerged as the hero to capture the top spot where Indian individuals have their wealth overtaking Fixed Deposits. Other notable assets which saw good growth include mutual funds and  alternative investments.

Stars spotted!  What's this?

Bollywood's FAVOURITE Summer Destinations
Going on vacation? Take inspiration from...

More stars spotted

Met a celebrity?
Email us photos & videos