Indian Wealth Management Forum 2019 - Exclusive Insights - G Pradeepkumar - 2
Chief Executive Officer
Union Asset Management
Click on the individual questions below to jump to that section.
Read the transcript here
What we are seeing is that, increasingly, the HNIs are investing in equity compared to debt. But at the same time, the holding period for debt has gone up. Earlier, people used to hold it for relatively short periods, you know, one to two years. And now, because of the change in tax regulations, people are tending to hold it, fixed income, for(a) minimum three years to get the long-term capital gains tax benefit. So that is a visibility change, but the bulk of the money's still going into equity.