Wealth management in India is experiencing significant growth, driven by an expanding population of high-net-worth individuals (HNIs) and the rising demand for personalized financial services. As of 2023, India is home to over 800,000 HNIs, with their collective wealth projected to surpass $5 trillion by 2025. The wealth management market in India, valued at approximately $20 billion in 2022, is expected to grow at a compound annual growth rate (CAGR) of 10-12% over the next five years.
This growth is fueled by increased financial literacy, a shift toward digital wealth management platforms, and a growing preference for diversified investment portfolios. According to a report by Knight Frank, the number of ultra-high-net-worth individuals (UHNWIs) in India is set to rise by 63% by 2025, further driving the demand for sophisticated wealth management solutions.
How does venture capital as an asset class fit into the portfolios of ultra-high-net-worth individuals and high-net-worth individuals?
-Team Excluto
Venture capital as an asset class has begun to fit into the portfolios of ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs) relatively recently, gaining acceptance only in the last five to seven years. Before this, there was limited awareness and few formal players offering these investment opportunities. The landscape has changed significantly over the past several years with increased awareness, the rise of unicorns, and the wealth generated from these ventures, leading to a better understanding of the associated risks and greater acceptance of venture capital investments.
-Gokul Sudhakaran
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