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India’s Investment & Wealth Management Market Set To Double By 2030: Report
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According to a report by Equirus Wealth, India’s wealth management market may expand to $27-31 billion by FY31, reflecting a CAGR of 15-17% over the next five years.
Over the next three years, investors are expected to increase allocations toward venture capital, private debt and long–short strategies, signaling a move towards higher-yield and flexible investment options. (AI Generated/News18 Hindi)
India’s Investment and Wealth Management industry is on track to double in size by the end of the decade, fuelled by rising investor participation, higher disposable incomes and a shift towards sophisticated advisory-driven models. According to a report by Equirus Wealth, the country’s wealth management market, currently valued at around $14 billion in FY25, is expected to expand to $27-31 billion by FY31, reflecting a compound annual growth rate of 15-17% over the next five years.
The firm noted that the past decade has seen a decisive transformation in the industry, moving away from product-led, transactional distribution to holistic, advisory-led wealth management. This shift, Equirus said, has been supported by the rise of family offices, increased access to global investment avenues, and the emergence of one-stop solutions offering estate planning, taxation, insurance, wealth management and alternate investment strategies.
Shift Toward Alternative Strategies
Investor preferences within Alternate Investment Funds (AIFs) are also shifting. Over the next three years, investors are expected to increase allocations toward venture capital, private debt and long-short strategies, signaling a move towards higher-yield and flexible investment options.
In line with this trend, India’s family offices are planning to raise their allocation to alternatives by nearly 5 percentage points from the current 10%. Private equity, venture capital and long-only funds are expected to take the lion’s share of this increase, reflecting sophisticated portfolio construction among ultra-wealthy investors.
SIF: A Potential Game Changer
A recent regulatory development, the introduction of Specialised Investment Funds (SIFs) by Sebi, could significantly reshape the domestic wealth landscape. Equirus said SIFs may become a ‘game changer” because they allow greater flexibility in investment strategies, including the ability to go long and short, enabling investors to benefit during both rising and falling markets.
Importantly, SIFs come with a lower entry barrier, with a minimum ticket size of just Rs 10 lakh, potentially democratising access to strategies previously limited to high-ticket investors.
Wealth Boom Critical to India’s 2047 Ambition
The report linked the sector’s growth to India’s broader ambition of becoming a developed nation by 2047. As the economy targets a 10-fold expansion in size, financial assets may need to grow nearly 20 times, making a resilient, well-capitalised financial sector a prerequisite for further progress.
Equirus expects wealth management, asset management, stock broking and lending to be key drivers of the financial ecosystem’s depth and innovation in the coming decades.
Ultra-Wealthy Population Expected to Surge
India’s rapidly expanding wealthy class will play a central role in this growth narrative. Citing Hurun data, the note said that the number of individuals with wealth of $12-14 million and above could double to 1.3 lakh over the next decade, bringing India closer to China’s current levels.
Affluent households with wealth of around $1 million may increase from 872,000 today to between 1.7 and 2 million, while HNI households, those with $1.2–1.4 million wealth, could rise from 5,90,000 to more than 1.2 million.
Meanwhile, the number of ultra-global wealthy Indians, those worth $24-30 million or more, is projected to cross 30,000 households, underscoring India’s expanding global wealth footprint.
While China’s wealth creation was driven by rapid industrialisation and urbanisation, India’s trajectory, Equirus said, will be powered by technology, services, entrepreneurship, manufacturing expansion and global capital flows.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)
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Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More
December 02, 2025, 17:00 IST
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