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India Wealth Management Market Emerging Trends Set to Propel Growth in the Coming Decade

India Wealth Management Market Emerging Trends Set to Propel Growth in the Coming Decade

The newest analysis of the India Wealth Management Market Report 2023 by Report Ocean focuses on a number of market-related topics, such as its characteristics, size and growth, segmentation, regional and national breakdowns, competitive environment, market shares, trends, and strategies. It also contains the COVID-19 Outbreak Impact and echoes of the past occurrences. According to regions and market categories, the analysis presents a list of predicted prospects, sales, and revenues. In addition, it covers additional subjects like manufacturing cost analysis, industrial chains, etc. Ask for Free Sample Request

Key Market Features:

Significant factors including revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all evaluated in the study. Additionally, it provides a complete analysis of the relevant market segments and sub-segments, as well as the most crucial market dynamics and their most recent changes.

The wealth management market, an integral part of the financial services sector in India, was valued at INR 113.32 Trillion in 2018 and is expected to reach INR 338.67 Trillion by 2024, expanding at a compound annual growth rate (CAGR) of 20.02% during the 2019-2024 period.

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For the past few years, India has been witnessing the emergence of family office offerings, along with estate planning services. Indians have gradually become tolerant of capital market investment instruments than traditional investment instrument of gold and real estate. The Indian millionaire club incorporated 7,300 people in mid-2018, driving up the total number of millionaires to 3,43,000 in 2018.

Major players, who are currently operating in the Indian wealth management market include Alpha Capital, Bajaj Capital Limited, Edelweiss Asset Management Limited, Karvy Private Wealth and Sanctum Wealth Management Limited.

Key growth drivers of the market

India is expected to be one of the powerful economies of the world in the next 10-15 years, owing to its strong bilateral ties. With the growth of the economy, income opportunities have increased, thereby giving rise to peoples disposable income. As a result, an attractive business environment has developed for wealth management firms.

With robust technological advancements in the field of financial services in the form of robo-advisors, artificial intelligence and the like, wealth management companies are now capable of providing highly personalized services that can fulfil the individual needs of investors. This in turn is giving rise to customer satisfaction and high investments in the field of financial services in India.

Key deterrents to the growth of the market

With increased usage of technology, risk of data breach and cyber fraud has increased. Between July 2018 and April 2019, data breaches cost Indian organizations INR 128 Mn. Such cases of high-profile financial scams, unethical practices by advisors with short-term objectives, and lack of effective investor protection regulations have contributed to insecurities among investors. This, in turn, is impeding the growth of wealth management companies across India.

Companies covered

Alpha Capital
Anand Rathi Wealth Services Limited
Bajaj Capital Limited
Centrum Wealth Management Limited
Edelweiss Asset Management Limited
IIFL Wealth Management Limited
Karvy Private Wealth
Motilal Oswal Wealth Management Limited
Sanctum Wealth Management Limited
Waterfield Advisors Private Limited

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Our analysis distinguishes out in addition to the general estimates because it includes carefully considered factors such as the COVID-19 containment status, the recovery of the end-use market, and the recovery timescale for 2020/ 2021.

Geographical Breakdown: 

The geographical portion of the study analyzes the market based on regional and national breakdowns, providing reliable information on past and future growth as well as size estimates. For every region, the impacts and anticipated course of COVID-19 recovery are mentioned. To help readers understand current trends and aid in decision-making, the research provides an outlook on emerging market trends and the factors driving the growth of the region.

Why to Choose Our Report?

  • Our expertly written study provides succinct solutions and identifies the fantastic chances for investors to make new investments.
  • Additionally, it provides superior market plan trajectories and a thorough examination of the infrastructures, possibilities, and constraints that currently face the industry.
  • This study offers details regarding end-consumer target groups and their prospective operating volumes, together with the potential locations and sectors to target and the advantages and constraints of participating in the market, in order to assist businesses in developing better strategies.
  • Any market’s strong growth is a result of its motivating factors, obstacles, key vendors, important industry trends, etc., all of which are in-depthly discussed in our analysis.
  • Additionally, it leads readers through segmentation analysis based on several factors, like product type, application, end consumers, etc. A SWOT analysis of each player is also included in the study, along with information on their product lines, production, value, capacity, etc.
  • The study includes information about import and export, significant players, production, and income based on regional markets in a separate part. The research includes details on significant manufacturers, significant market segments, the range of products, years taken into account, and study objectives.
  • In addition, the study’s effective SWOT analysis can be used to determine the data’s accuracy.

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