India’s Investment And Wealth Management Market Set To Hit $31 Billion by FY31

The investment and wealth management market in India is projected to more than double by 2030. The total addressable market is expected to increase from $14 billion in FY25 to approximately $27-31 billion by FY31, reflecting a compound annual growth rate (CAGR) of 15-17 per cent over the next five years.

This growth will be fueled by increased investor participation and rising per-user revenues, according to Equirus Wealth, a division of Equirus Group, one of India’s leading investment banking and financial services firms.

Over the past decade, the industry has evolved from focusing primarily on transactional product sales to delivering comprehensive, advisory-driven wealth management solutions centered on transparency and aligned client interests. This shift is powered by the rise of dedicated family offices, expanded access to global investment opportunities, and integrated services offering estate planning, tax advisory, insurance, and wealth management. Additionally, the industry now provides broader access to alternative investment options, creating a one-stop solution that meets diverse investor needs.

Average Change In Allocation Within AIF Portfolio In The Next 3 Years

India's AIF investors’ preference is likely to shift towards venture capital, private debt, and long-short strategies over the next three years, favouring higher-yield and more flexible options.​

Family Offices

Family offices in India plan to boost alternative asset allocations by nearly 5 percentage points from the current ~10 per cent over the next three years. Private equity, venture capital, and long-only funds are expected to capture the largest share of this increase.​

SIF Potential

Specialised Investment Funds (SIFs), a new SEBI-approved product, could transform the Indian wealth management landscape. They offer strategic flexibility for long and short market positions - benefiting investors in both rising and falling markets - along with a low entry barrier of just Rs 10 lakh.

Financial Sector Resilience a Pre-condition to Bharat’s 2047 Mission

India is steadily advancing toward its goal of becoming a developed nation by 2047. To realise this vision, which includes expanding its GDP by nearly tenfold, the country must also see financial assets grow approximately twentyfold, necessitating a vibrant and well-capitalised financial sector. The key engines driving this scale and innovation will be wealth management, asset management, stock broking, and lending sectors.

UHNWIs Could Double, Narrowing The Gap With China

According to the Hurun report, India's ultra-high-net-worth individuals (UHNWIs, with $12-14 million+ in assets) are projected to double to 130,000 over the next decade, narrowing the gap with China's current figures. Affluent households worth $1 million+ could rise from 872,000 to 1.7-2 million, while high-net-worth individuals (HNIs, $1.2-1.4 million+) may grow from 590,000 to over 1.2 million, propelled by formalised savings and increased stock market engagement.​

International UHNWIs ($24-30 million+) in India are expected to surpass 30,000 households, underscoring the country's expanding global wealth presence.​

Unlike China's wealth boom, driven by rapid industrialisation and urbanisation, India's surge will be powered by technology, services, entrepreneurship, manufacturing growth, and global capital inflows.