Moasam Chasina pooku

The interviews, done in March before the outcome of the general elections, pointed out to much optimism on the economic environment among the UHNIs. .
Diwanji said because of this, there has been an increase in spending to the tune of 44 per cent in FY'14 from the 30 per cent in FY12.

He said even though investing in real estate continues to be a favourite avenue, allocations to equity are also growing and grew to 38 per cent in FY14, up from 35 per cent the previous year.

Kotak Mahindra Bank joint managing director C Jayaram said the propensity towards equities will only grow now on given the changes in the tax laws governing fixed income investments, which was a favourite earlier, in the budget.