Write short notes on the following: (d) High Net Worth Individuals

HNIs or High Net worth Individuals is a class of individuals who are distinguished from other retail segment based on their net wealth, assets and investible surplus. While there is no standard put forth for the classification, the definition of HNIs varies with the geographical area as well as financial markets and institutions. Though there is no specific definition, generally in the Indian context, individuals with over ₹ 2 crore investible surplus may be considered to be HNIs while those with investible wealth in the range of ₹ 25 lakhs to ₹ 2 crore may be deemed as Emerging HNIs. If one is applying for an IPO of the equity shares in an Indian Company, generally, if one apply for amounts in excess of ₹ 2 lakhs, one falls under the HNI category. On the other hand, if one apply for amount under ₹ 2 lakhs, one is considered as a retail investor.