Wealth management companies are becoming increasingly popular among high-net-worth individuals (HNIs) in India as they look to grow and protect their wealth in the rapidly evolving financial landscape of today. According to the Knight Frank Report 2023, the number of millionaires in India rose from 4.9 lakhs to 8 lakhs in 2022, and this number is expected to reach 16.6 lakhs by 2027.
Over time, HNIs' preferences for asset classes have changed, with a gradual shift away from traditional financial investments. However, the increase in the variety of instruments and more complex products can make it tempting to allocate funds disorderly, leading to a higher risk of portfolio. Therefore, it is better to have an ideal portfolio allocation, taking into account the return expectations and risk profile.
At Anand Rathi Wealth, we create a strategic roadmap for HNI clients