The ultra-rich Indian, or high networth individual (HNI), is grabbing the current volatility in various asset classes with both hands to raise allocations, says a top money manager who handles HNI assets.
While HNIs have actively raised allocations to equity, fixed maturity plans (FMP) and commercial real estate have also emerged as favourite destinations for them to park money, says Abhijit Bhave, CEO, Karvy Private Wealth.
Equally, they are spending generously on philanthropy ..
