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There is no denying that the country’s
wealth and asset management markets
continue to boom.
The fact that the average AUM in the
country’s mutual funds industrywas at
an all-time high of INR19.92 trillion
(USD309 billion) as at end-June 2017,
is a clear sign of the opportunity –
growing from INR3.26 trillion a decade
earlier. At the same time, the total
number of folios stood at 58.2 million.
But there is still so much more poten-
tial given the number of untapped
investors, if and when the advice gap
can be narrowed.
Indeed, enhancing competency stan-
dards and creating the right mind-set
for future generations will build capac-
ity and capability in wealth management
in India, and, in turn, help take the in-
dustry forward.
For this second issue of our Quarterly
magazine, we spoke directly – both on-
and off-the-record – with over 75 of
the leading practitioners across wealth
Foreword
management, asset management,
wealth solutions and technology.
The content in this publication therefore
focuses on how to capitalise on the
ever-wider opening of the market, to
access affluent individuals and HNIs,
looking also at success stories and best
practices to pave the way.
Many of the key trends and opportuni-
ties will also form part of the discussions
at our 7th annual get-together for the
Indian wealth management community
– the pre-eminent event of its type – in
Mumbai on August 23.
We have also given out our latest
award – ‘Indian Wealth Management
- Award for Excellence’ – to Karan
Bhagat, the founder, managing director
and chief executive officer of IIFL In-
vestment Managers.
We aim to continue to add value to the
market where we can going forward.
So to ensure this is relevant to you –
please email your feedback and sug-
gestionsus to
[email protected].
This is the latest edition of our Quarterly publication
covering Indian wealth management.
ANDREW CROOKE
EDITOR
HUBBIS