100,000 High Net Worth Individuals in India
November 12, 2007 at 2:25 pm 12 comments
According to the second Asia Pacific Wealth report published by Merrill Lynch and Cap Gemini, the number of High Net Worth Individuals (HNIs) in India increased by 20% in 2006 to touch 100,000. About 0.85% of them are Ultra HNIs (people with net worth in excess of US$30M). A majority of the HNIs are in the 41-55 year bracket.
So who is an HNI? The study defines an HNI as someone with net financial assets of at least US$1 Milion (excluding their primary residence).
To put things in context, Asia Pacific is home to just over 27% of the world’s HNI population and India is the second-fastest growing HNI population in Asia Pacific.
Another chak de moment for India….. is it not?
Entry filed under: Business, Chak de India. Tags: Chak de India, High Net Worth Individuals, HNIs, India, Indian wealth.
1.
kiran | January 16, 2008 at 9:09 pm
Hey, could you tell me exactly what classifies an individual to be a High Networth Individual. I am talking from an Indian perspective not a global perspective. I came to this question after seeing the different categories of people who can apply for an IPO. retail investors hni QIB etc.
2.
anandkrishna | January 19, 2008 at 5:50 am
Hi Kiran- In the context of applying to IPOs in India, I think an HNI is someone who applies for shares worth more than Rs1 lakh. This segment has a separate % of the issue reserved and do not benefit from any discount to the issue price, which “Retail investors” get.
The Wealth Management industry has a different yardstick to define HNIs. For them, the criterion is the total “net worth” of the individual. This is typically used as a gating criterion to decide what level of client service is provided, and what additional services are offered.
Hope this helps.
Anand
3.
nirajkatoch | October 13, 2010 at 11:15 am
hi Anand,
uderstood the defination and qualification of an HNI for an IPO.
Now is there a separate/different form of the IPO fro an HNI??
4.
Jaya | July 14, 2008 at 7:11 am
The information is good.Give in the details from where we can get the details of HNI or the detailed list of HNI in India.
Complete details would be a great help.
Jaya
5.
abc | October 2, 2011 at 4:32 am
Hi Jaya,
I was wondering if you got the list of HNIs..could you please share the same…my email is deepikap_5@yahoo.com
Thanks!
6.
Alka | December 10, 2008 at 8:49 am
hi ther..!!! can u help me in letting me know that how these different wealth management categorise in indentifying who is the HNI.. i mean wht amount of networth ICICI, JM finacial, HDFC etc etc.. they look in for to call those people HNI…
7.
anandkrishna | December 13, 2008 at 8:37 pm
Different wealth management firms have different criteria. But I think the generally accepted definition of an HNI is someone who has $1M in assets (excluding his/her own house).
8.
imran khan | October 23, 2010 at 9:40 am
hi anand,
since long i have been looking for a company/firm.individual–who can take my concept and pass it on to the marketer–bcoz in most cases [ where the idea is to enhance the performance of the particular product] it is advisable to pass the concept rather than taking funds and setting up plant to appointing manpower to appointing distributorship etc etc etc n to reach the client—–hope u got it what i men—could u be any help to me.
plz inform me at [meee_imran@yahoo.com]
regards
9.
bansi | June 11, 2011 at 5:01 pm
sir i just want to know that if HNI’S are investing such a large amount, want it be risky for them to manage such portfolio, so what strategies should they apply in order to get high return on their investment
10.
Vinod | November 25, 2011 at 1:53 am
Hi Anand
I am specifically looking at Identifying/locating HNIs in India from a real-estate-offering perspective. From the Indian context, could you provide insights/directions on how this can be achieved? from where can we cull reliable data? Any creative methods?
Vinod.
11.
Dhiraj | March 22, 2012 at 6:00 am
Hi Anand
I am specifically looking at Identifying/locating HNIs in India from a real-estate-offering perspective. From the Indian context, could you provide insights/directions on how this can be achieved? from where can we cull reliable data? Any creative methods?
Dhiraj.
Reply
12.
shyamal moghe | May 21, 2012 at 12:30 pm
Hi Anand,
is there a way to interview these ultra HNIs for a survey