The Mckinsey report had said that the wealth in the emerging markets have grown 3 times more than the rates of assets in developed nations. Now here's a report that is specific about India. Indian wealth management has given a return of 18% against the global 9.7%.

The wealth management arm of the KARVY Group released the 2nd edition of its India Wealth Report today.

This Report studies patterns of individual investments across financial asset classes (excluding physical assets like gold and real estate) and finds that India's individual wealth is expected to nearly triple from the existing 86.5 lac crore to 249 lac crore by FY16. In fact, the wealth of India's HNIs has grown by over 18% compared to a mere 9.7% for global HNIs in the last one year.

Interestingly, the Report shows that fixed deposits & bonds has become the top contributor to overall wealth held by individuals in India, displacing last year's topper, direct equity, primarily due to the uncertainty in the financial markets.

Over the past three years, I’ve had countless opportunities to reflect not only on my own personal finance and life journey, but that of thousands of readers who have contacted me over the years with questions and stories.

Along the way, quite a few principles for personal and financial success began to appear. These same features pop up again and again in people’s stories and comments – and I find them to be deeply true in my own life as well.

The single most important part of personal finance is truly knowing yourself.

Why do you buy the things that you do? Why are you worried about this situation? Why do you feel this way about this product? Why do you respond to guilt in this way?