The report, for which over 250 individuals were interviewed, said 98% of the ultra HNIs considered succession planning as critical. Growth of ultra-high networth individuals (HNIs) in the country slowed to under 7% to reach 1.46 lakh at the end of 2015-16, according to a report. Impact investing or investment which does good for the society is also gaining traction, with 44% of the ultra HNIs having an exposure to it, the report said. The report also states that wealth of those with a networth of over Rs 250 million grew by 5% to Rs 135 trillion. The total wealth of the ultra HNIs, or those with a networth of over Rs 250 million, grew by 5% to Rs 135 trillion, a report by Kotak Mahindra said on Tuesday.

Source: dna July 26, 2016 17:24 UTC