Pradeep Dokania, managing director and chairman, global wealth & investment management India, Merrill Lynch spoke to CNBC-TV18 about various investment options available for high networth individuals (HNIs).
He highlighted the key parameters they should consider while looking at their personal finance investments. Below is the edited transcript of his interview with CNBC-TV18. Also watch the accompanying videos. Q: What are the favourites that HNIs in India prefer in terms of investment options? Is equity high up? A: In overall scheme of things, equity is not very high. Indian high net worth savings can be classified into five vehicles you can say. According to us, on the stock the biggest should be real estate. Second should be fixed income, third would be alternate investment and in Indian context that is gold, some bit of silver and not hedge funds. Four would be cash and the smallest asset class is equity, as per our estimate the public shareholding should be around USD 200 billion. IndianDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
