India Wealth Management - Market Sizing and Opportunities to 2026

India's affluent population registered an average annual growth rate (AAGR) of 11.3% over 2016-21. After recovering from the pandemic-induced downturn in 2021, the Indian economy continued to grow in 2022 despite witnessing global headwinds, rising inflation, and interest rate hikes. Deposits account for the largest share of the Indian retail savings and investments portfolio, constituting nearly half of overall balances. Meanwhile, robo-advice accounts for 16.3% of the Indian HNW portfolio and is expected to grow at a rapid pace, with rising internet penetration and increased digitalization driving this trend.

Based on our proprietary datasets, this report analyzes India's wealth and retail savings and investments markets, including overall affluent market size (both by number of individuals and the value of their liquid assets). The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by equities, mutual funds, deposits, and bonds.

Scope

• Affluent individuals accounted for just 0.69% of India's total adult population in 2022 but collectively held 90.3% of total onshore liquid assets.
• Advisory mandates lead the Indian HNW market.
• Deposits remain the most popular investment avenue for Indian investors, indicating their preference for safe investment asset classes.

Reasons to Buy

• Make strategic decisions using top-level historic and forecast data on India's wealth industry.
• Identify the most promising client segment by analyzing the penetration of affluent individuals.
• Receive detailed insights into retail liquid asset holdings in India.
• Understand the changing market and competitive dynamics by learning about new competitors and recent deals in the wealth space.
• See an overview of key digital disruptors in the country's wealth market.