Top Instruments in Debts of Indian Ultra-HNIs

Debt comes in as the third-preferred asset class making up, on average, 21% of the Ultra-HNI portfolio. Fixed deposits, debt mutual funds and government bonds are the top three instruments selected by Ultra-HNIs with fixed deposits appearing as the leading instrument. 

1 in every 5 Ultra-HNIs plan to reduce debt in their portfolios, 7 out of 10 Ultra-HNIs plan to increase their portfolio allocation to equities and real estate