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Money Money Money: Experts discuss investment options for HNIs

Updated : October 29, 2019 08:31 PM IST

This week on Money Money Money, we talk about what the super-rich have been up to when it comes to their wealth given the market volatility and the stress that we have seen in the fixed income market in particular.

What options can HNIs look at this year, equity or private equity, investment in India or in the global markets, PMS, structured products, AIFs, we are covering the whole gamut?

Amrita Farmahan, CEO of Ambit Wealth Management said, “There is no denying that it has been a difficult year and it has been a difficult year across asset classes.”

“Equity, fixed income, and real estate, these three asset classes which are a bulk of what you invest in, like anywhere between 50-75 percent of your portfolio, have seen an erosion of wealth. So at the back of that, I think that there has been a flight to safety. I think the mood is more about preserving capital than what we are used to in India to look for growth opportunities and look for growth capital appreciation,” she added.

Concurring with Farmahan, Somnath Mukherjee, Managing Partner at ASK Wealth Advisors said, “Markets have not been so supportive and that is across asset classes. Therefore investors have taken the brunt of it and the natural reaction is to be on risk-off mode.”

“While the broader markets have sort of held up, a lot of investor allocations which is traditionally towards actively managed portfolios, they have not done all that well. So, for the first time in India we have seen a range of actively managed portfolios significantly underperforming the broader markets. That has put in an added layer of confusion and also aversion towards taking fresh exposures. So, it has been a year of cautiousness and risk-off,” he added.
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