India Wealth Management Market Research Report 2023 offers a comprehensive analysis of the market, including business opportunities, growth, and trend analysis for various applications, types, and regions such as North America, Europe, Asia-Pacific, South America, Middle East, and Africa. The report delves into important producers, market developments, opportunities, challenges, and threats to the market as a whole. It is a 100+ page report that provides a detailed examination of growth statistics, opportunities, trends and the competitive landscape in the industry.
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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.
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 most recent research report showcases the thriving expansion of the India Wealth Management Market and offers in-depth insights into the projected market size, share, and revenue until 2030.
The report addresses the following key questions regarding the India Wealth Management market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of India Wealth Management in the market?
- How are regulatory policies and government initiatives impacting the growth of the India Wealth Management market?
- What is the market share of the top 5 players in the India Wealth Management market and how is it likely to change in the future?
- What are the latest technologies and innovations in the India Wealth Management market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the India Wealth Management market?
- What are the challenges related to the supply chain and logistics that India Wealth Management market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the India Wealth Management market?
- What are the potential risks and uncertainties associated with investing in the India Wealth Management market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of India Wealth Management market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the India Wealth Management market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the India Wealth Management market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate India Wealth Management business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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