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43% HNIs save less than 20% of post-tax income

The New Indian Express Vishakapatnam

|

June 05, 2025

A large percentage of high-net-worth individuals (HNIs) are not saving enough to achieve their financial goals, as per a survey by Marcellus Investment Managers.

- ENS ECONOMIC BUREAU @ New Delhi

The survey highlighted that 43% of high HNIs save less than 20% of their post-tax income, while 14% do not maintain an emergency fund.

Stating an example, the survey highlighted that a 44-year-old banking professional working in Mumbai only manages to save Rs 5 lakh per annum despite pocketing ₹50 lakh as bulk as his/her income goes towards EMIs and children's education.

FLERE HISTORIER FRA The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

Centre, State intensify efforts to get eight fishermen released from Bangladesh

FAMILIES of eight fishermen from Vizianagaram district, who were detained by Bangladesh authorities, are anxiously awaiting their safe return.

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

'Abhay' for anonymity: How Maoists evade police action

ENGLISH playwright William Shakespeare wrote in Romeo and Juliet, \"What's in a name?\" For the outlawed CPI (Maoist), the answer is everything. Names, often assumed or symbolic, are a tool of survival, strategy, and connection with the communities in which they operate.

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

Tejashwi is INDIA bloc's CM face, Sahani deputy

Announcement after Gehlot-Lalu meet; no word yet on seat-sharing

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

U’khand village puts cap on wedding expenses

TO curb the rising expenses and the culture of showiness at social ceremonies, the residents of Kandhar village in Uttarakhand's tribal region of Jaunsar-Bawar have passed a social bylaw limiting the gold jewellery married women can wear at weddings and family functions.

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

321kg gold smuggled through 7 main routes seized in 10 months, says DRI

THE Directorate of Revenue Intelligence (DRI) has uncovered an increasingly sophisticated gold smuggling operation spanning continents. Between January and October this year, DRI intercepted and seized around 321kg of smuggled gold, valued at ₹406.35 crore.

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

Focus on rain loss mitigation: CM to officials

ANDHRA Pradesh continues to receive widespread moderate to heavy rainfall.

time to read

1 min

October 24, 2025

The New Indian Express Vishakapatnam

Investment opportunities aplenty in AP petrochemical & oil sectors: CM

ON the second day of his visit to the UAE, Chief Minister N Chandrababu Naidu met ADNOC global trading representative Ahmad Bin Thalith at Al Maryah Island of Abu Dhabi, and explained to him about the available investment opportunities in petrochemical, oil, LNG, gas processing, port logistics and green energy sectors in Andhra Pradesh.

time to read

1 min

October 24, 2025

The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

More girls in govt-run CBSE schools, says secy

IT is crucial that society invest more in the education of the girl child, according to the Union Secretary of Education and Literacy, Sanjay Kumar.

time to read

2 mins

October 24, 2025

The New Indian Express Vishakapatnam

The New Indian Express Vishakapatnam

High on drugs, Indian-origin truck driver kills three in US crash; held

A 21-year-old Indian-origin truck driver, Jashanpreet Singh, who had reportedly entered the US illegally in 2022, has been arrested for causing a semi-truck crash in California's Ontario that snuffed out three lives and injured at least four other people on Tuesday.

time to read

1 mins

October 24, 2025

The New Indian Express Vishakapatnam

After several stumbles, India march into semis

Openers set the tone as Kaur and Co defeat White Ferns by 53 runs

time to read

6 mins

October 24, 2025

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