Financial wealth management services in India

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Financial wealth management services in India 

A US$1.6 trillion AUM growth opportunity over FY24–29 

The Deloitte report on Financial Wealth Management Services in India assesses the scale of demand for wealth management services in terms of the financial wealth of a relevant/addressable domestic customer base and likely growth over the next five years. It also estimates the market opportunity given the existing supply. Moreover, a high-level view of the competitive landscape within India’s wealth management sector is provided and the key success factors for growing a wealth management business profitably are explored.

Shifting macroeconomic trends in India and evolving consumer preferences have sharply boosted demand for financial wealth management services. The report estimates a US$1.6 trillion AUM growth opportunity for wealth management service providers between FY24 and FY29. This growth is attributed to shifting macroeconomic trends, rising income levels, and changing investment behaviours across customer segments.

The report estimates that demand for wealth management services in terms of assets under management (AUM) will almost double, climbing from US$1.1 trillion in FY24 to US$2.3 trillion by FY29.

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