INCOME TAX29 Sept 2026
How HNIs can protect family wealth: Diversification, liquidity and succession planning | Mint
India now has 1,687 people worth ₹1,000 crore or more, says the M3M Hurun India Rich List 2025, and most built it themselves. For these founders, the job changes from creating wealth to protecting and passing it on. Keep a 10–15% liquid buffer, diversify beyond the business, and write a proper will, since 36% of Indian family businesses still have no succession plan.
Key Statutory Highlights
- India has 1,687 individuals with a net worth of ₹1,000 crore or more, and two-thirds of them are self-made, up from 1,008 the previous year.
- PwC's latest Family Business Survey found that 36% of Indian family businesses have no clear succession plan, compared with 28% globally.
- An HNI portfolio should maintain a dedicated 10–15% liquid buffer in high-grade, accessible instruments so the family is not forced to sell long-term assets during downturns.
Actionable Advice for Taxpayers / Founders:Review your family's succession arrangements soon. Check whether your will, nominations and joint holdings actually reflect how you want ownership to pass, and discuss the paperwork with a chartered accountant, since joint holding may ensure access but not necessarily ownership.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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