There has been a significant rise in the number of high net worth individuals (HNIs). India has the world’s fastest growing HNI population (individuals with over $1million in investable assets) both in terms of the number of individuals and wealth. A report on the state of the Indian wealth management industry by Cafe Mutual, an independent forum for mutual fund professionals, and EY, Winds of change: Wealth management reimagined, says that to realise the industry’s true potential, several issues need to be addressed as the wealth management space evolves further.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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