Synopsis
A recent report highlights that stocks remain the most favored investment among India's wealthy youth, with 23% prioritizing them over cash and property. The trend is consistent globally, while interest in cryptocurrencies remains low. Luxury assets like cars and real estate are also gaining traction among young affluent individuals.Key Takeaways
- 23% of wealthy young Indians prefer stocks.
- Cash and property follow closely at 22% and 21%, respectively.
- Interest in cryptocurrencies is low at 5%.
- Aspiration for luxury cars is high at 46.5%.
- Real estate ranks second in luxury investments.
New Delhi, March 15 (NationPress) Stocks are the leading investment choice among India’s next-generation high-net-worth individuals (HNWIs), according to a recent study released on Saturday.
The analysis by Knight Frank indicates that 23 percent of affluent young Indians prioritize stocks, with cash at 22 percent and property at 21 percent following closely.
This pattern mirrors a global trend, where 22 percent of young HNWIs have also selected stocks as their main investment, trailed by property and cash.
Interest in cryptocurrencies and digital assets is limited, with only 5 percent of Indian HNWIs viewing them as significant investment options. On a global scale, this figure is slightly higher at 9 percent. Additionally, 8 percent of young wealthy Indians are interested in bonds, compared to 6.5 percent worldwide.
The Knight Frank report emphasizes that despite the rising appeal of alternative investments such as cryptocurrencies, venture capital, and art, the younger generation still gravitates towards traditional assets.
Stocks, property, and cash continue to dominate as the preferred investment avenues across various income levels.
The report also examines investment preferences by gender. Globally, men typically prefer stocks, while women are more inclined towards property and cash investments.
However, in India, both young men and women from affluent backgrounds show a preference for stocks over other types of assets. A separate Knight Frank report revealed that the next generation of wealthy Indians is keen on luxury assets, with high-end vehicles and premium real estate ranking as their top choices.
Approximately 46.5 percent of young HNWIs in India aspire to own a luxury car, making it the most desired asset.
Luxury homes also attract significant interest, with 25.7 percent expressing a desire to invest in high-end real estate.
The findings highlight that real estate ranks as the second-most sought-after luxury asset among India’s affluent youth.
In addition to cars and property, art collections are gaining traction, with 11.9 percent showing interest in acquiring valuable artworks.
