Further, on the ESG front, the report said that 68 percent of survey respondent consider ESG as critical.
AIFs have higher investment floors and are generally considered riskier than regular mutual funds because they are allowed to invest in unlisted securities and most can use borrowed funds.
India is home to the wealthy and the number of high net worth individuals is rising in the country. According to a Knight Frank Global Wealth report, India added 500 new ultra high net worth individuals (UNHWI) in the last decade.
India is expected to account for five percent of the total ultra high net worth individuals (UHNWIs) in the world by 2025, a study said.
In this episode of Money Money Money, Anshu Kapoor, Head-Global Wealth Management at Edelweiss and KK Mishra, MD and CEO of TATA AIG General Insurance spoke about prudent financial planning and wealth management.