How do India's ultra rich spend their money?
India's Ultra-High Net Worth Individuals (UHNIs) allocated 45% of their income towards savings and investment while the rest went towards expenses, according to a Kotak Wealth Management report. They allocated 16% of their income to leisure and ad-hoc expenditure and gave 7% to charity. The report added that 60% of the ultra rich surveyed were below 40 years of age. 