Equity and bonds were the most preferred asset class by the wealthy Indian investors seeking higher returns in 2018. While equities garnered 30% of the wealth allocation, bonds accounted for 28%. Real estate assets with 23% allocation was the third-most invested asset class by Indian ultra-high net worth individuals (UHNWIs). Private Equity saw only about 4% of wealth allocation in 2018. India is Asia’s third-largest economy.