The Changing Face Of Wealth Management In India: Motilal Oswal

The Changing Face Of Wealth Management In India: Motilal Oswal

Rupee notes. (Photo: Rupixen.com/Unsplash)

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Motilal Oswal Report

We attended India Wealth Management Forum CY22 organised by Hubbis. On the sidelines, we interacted with the management of IIFL Wealth Management Ltd. and ICICI Securities Ltd.

There was consensus among speakers on the huge opportunity for India in the forthcoming decade, with a surge in the number of high networth individuals, wealth transfer between generations, and expected strong economic growth. 

Technology is a key focus area for all, with an emphasis on meeting the needs of the three stakeholders: clients, relationship managers, and back office.

There is a massive change in customer demographics, with the younger generation, lower tier towns, and mass affluent segment increasingly demanding wealth management services.

Products offerings witnessing a sea change, with exotic products getting increased attention and demand. Demand for international diversification in terms of investments and residency is increasing significantly.

Click on the attachment to read the full report:

Motilal Oswal NBFC-Wealth Management Sector Update.pdf
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