The India Wealth Survey 2025, conducted by Marcellus Investments, has revealed concerning trends among High Net Worth Individuals aged 30 to 45 years. Founder and Chief Investment Officer of Marcellus Investments, Saurabh Mukherjea, highlighted that not all HNIs have good savings.
"What we are finding is that nearly half the HNIs aged between 30 and 45 are saving less than 20% of their income," Mukherjea stated. The overall savings rate within the HNI community is subpar, particularly for this age group, he said.
Mukherjea also pointed out that most HNIs have ambitious financial goals but are not saving enough to meet them. "Our estimate is their deficiency in savings is between 40-50% of what they should ideally be saving," he added.
Another significant finding from the survey is the asset allocation among HNIs. "Indians even today have too much real estate, too much small cap, very little global equity, and diversified portfolios are hard to find even in the HNI community," Mukherjea noted.
On the topic of debt, Mukherjea referenced the Reserve Bank of India's financial stability review from last year, which flagged that too many households had taken on excessive debt. "I had expected while surveying HNIs, people earning 2-3 times the typical taxpayer's earnings, that their financial stress would be less…but as things stand, the proportion of HNIs that have too much debt is 10%, the same as RBI's number," he explained.
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