84% of Affluent Indian Investors Experience Net Worth Surge in 3 Years: Survey

84% of Affluent Indian Investors Experience Net Worth Surge in 3 Years: Survey. Image/Mint

Mumbai, September 11, 2023: According to the Global Wealth Blueprint survey released on Monday, around 84% of affluent investors in India have witnessed a significant increase in their net worth over the past three years, propelled by the robust growth of the Indian stock market.

Affluent Investors and Economic Volatility

The survey also revealed that only 39% of the surveyed affluent investors in India believe that the challenges posed by the current economic volatility will not significantly impact long-term wealth creation. In contrast, 35% of them view the current situation as an opportunity that can enhance their long-term wealth.

Diversified Investments

The survey shed light on the investment preferences of India’s affluent investors, showing a growing attraction towards diversified investments. Additionally, options such as digital assets, private equity, and hedge funds have become increasingly appealing to wealthy investors.

Rising Interest in Digital Assets

Approximately 86% of affluent investors in India reported owning digital assets, including cryptocurrencies, NFTs (Non-Fungible Tokens), and stablecoins. This indicates a strong interest in digital investments, with nearly nine out of ten investors in India holding digital assets.

Optimism in Digital Investments

The survey reflected the prevailing optimism in the Indian market regarding digital investments, with around 59% of affluent investors in India believing that digital assets have significant growth potential and warrant aggressive investments. Unlike the skepticism surrounding AI (Artificial Intelligence) in other sectors, India’s stock market sector is hopeful that AI can bring about positive changes. About 75% of surveyed affluent investors in India believe that AI-driven advisory services will help optimize their investment portfolios by quickly adapting to market trends, while a significant percentage also sees AI as an effective tool for portfolio monitoring and timely alerts.

The Global Wealth Blueprint survey assessed the responses of 600 affluent investors primarily from the Asia-Pacific region, including over 100 respondents from India.

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