印度財富管理市場評估：依類型、最終用戶、提供者、地區、機會、預測（2018 財年-2032 財年）

印度財富管理市場規模預計將從 2024 財年的 1,542.5 億美元增至 2032 財年的 3,311.3 億美元，在預測期內（2025-2032 財年）複合年增長率為 10.02%。由於正在改變產業格局的各種因素的融合，金融服務業目前正在經歷重大轉型。這些因素包括投資者日益城市化、正在塑造行業的監管變化、正在改變金融服務提供方式的技術進步以及正在影響市場動態的人口變化等。

印度有儲蓄、投資和財富保值的傳統，家庭歷來依賴值得信賴的顧問提供財務指導和支持。然而，隨著經濟的快速成長、全球化、監管環境的加強以及全球金融市場准入的增加，印度的財富管理產業已經出現了顯著的發展。2013 年《投資顧問條例》和 2019 年《財務顧問條例》為財富管理行業引入了透明度和問責制。這種轉變改變了個人管理財務的方式，並為金融服務提供者滿足客戶不斷變化的需求和期望創造了新的機會和課題。

近年來，在經濟擴張、創業精神和不斷壯大的中產階級的推動下，印度高淨值人士 (HNWI) 社區的數量顯著增加。這些人尋求專業的財富管理服務來增強和保護他們的資產。印度的人口結構正在發生變化，具有數位意識的一代傾向於自動化財富管理解決方案，迫使企業將資源投入技術和數位化。

印度的富裕階層曾經由少數商業家族主導，其中包括塔塔家族和比爾拉家族。但近年來，許多新時代的企業家以及演藝界、媒體和體育界的大人物紛紛湧入。例子包括醫生、律師和辦公室職員，尤其是那些獲得股票選擇權的人。

富裕程度的提高和中產階級的影響整體需求

印度的中產階級正在迅速壯大，高淨值人士（HMWI）的數量也大幅增加。隨著人們累積更多的財富，越來越需要專業的財務規劃和投資管理來維持和成長財富。人口結構的變化擴大了財富管理服務的客戶群，越來越多的人尋求明智的財務建議和個人化的投資策略，以幫助他們實現財務目標。預計到 2027 年至 2028 年，印度將成為一個 5 兆美元的經濟體，隨著新創公司進入市場，每天有近 3 人加入淨資產超過 3,000 萬美元的超高淨值 (UHNW) 類別。

促進財富創造和投資機會

印度過去幾十年經濟的強勁成長促使人民收入不斷增加，財富不斷累積。經濟振興促使儲蓄和投資活動增加。隨著經濟的擴張，個人和企業控制更多的資本，對專家財務建議和多樣化投資機會的需求不斷增加。財富管理公司旨在利用這一趨勢，透過為更富裕和投資精明的人群提供客製化的金融解決方案，為印度財富管理市場的成長做出貢獻。

西部地區主導印度財富管理市場佔有率

印度財富管理市場以西部地區為主。該地區金融機構、證券交易所、企業總部高度集中，為財富管理服務創造了良好的環境。西部地區以其金融活動而聞名，是印度高淨值人士 (HNWI) 最集中的地區，推動了對先進財務規劃和投資管理的需求。投資股票、共同基金和另類投資等各種金融產品的濃厚文化也支持了該地區蓬勃發展的財富管理產業。雖然西部地區處於領先地位，但由於財富和經濟活動的增加，北部和南部等其他地區也正在成為重要市場。

本報告針對印度財富管理市場進行研究和分析，提供市場規模和預測、市場動態、主要參與者的現狀和前景等。

目錄

第一章研究方法論

第二章 專案範圍與定義

第三章 執行摘要

第四章 客戶回饋

• 客戶人口統計（性別、年齡、收入、職業等）
• 市場和產品/服務訊息
• 品牌回憶與忠誠度
• 選擇品牌的理由
  • 品牌名稱與市佔率
  • 可靠性和安全性
  • 可用的功能和服務
  • 應用程式使用者介面
  • 不同平台之間的一致性
  • 折扣
• 使用頻率
• 平均交易金額
• 常用功能/服務
• 消費者所遇到的麻煩

第5章 印度資產管理市場展望（2018-2032）

• 市場規模及預測
  • 金錢金額
• 依類型
  • 財務諮詢管理
  • 投資組合管理
  • 績效管理
  • 風險與合規管理
  • 其他
• 依最終用戶
  • 富裕階層
  • 超富有
  • 企業
  • 其他
• 依提供者
  • 銀行
  • NBFC
  • 顧問公司
• 依地區
  • 北方
  • 南部
  • 東
  • 西部、中部
• 市佔率：依公司劃分（2024 財年）

第6章 市場測繪（2024 財政年度）

• 依類型
• 依最終用戶
• 依提供者
• 依地區

第七章 宏觀環境與產業結構

• 供需分析
• 監理框架和合規性
  • Reserve Bank of India
  • Securities Exchange Board of India
  • Insurance and Regulatory Development Authority of India
• 價值鏈分析
• PESTEL 分析
• 波特五力分析

第八章市場動態

• 增長動力
• 成長限制因素（問題、限制因素）

第九節 主要公司狀況

• 前 5 名市場領導者的競爭矩陣
• 前 5 名市場領導者的市場收入分析（2024 財年）
• 併購/合資（如適用）
• SWOT 分析（5 家市場公司）
• 專利分析（如果適用）

第10章案例研究

第11章 主要公司展望

• SBI Wealth Management
• ICICI Bank Private Banking
• Kotak Mahindra Bank Wealth Management
• Axis Bank Wealth Management
• HDFC Bank Private Banking
• BNP Paribas Wealth Management
• Standard Chartered Private Banking
• Citibank Private Banking
• Deutsche Bank Wealth Management
• Edelweiss Wealth Management

第十二章 戰略建議

第十三章關於我們公司、免責聲明

India's wealth management market is projected to witness a CAGR of 10.02% during the forecast period FY2025-FY2032, growing from USD 154.25 billion in FY2024 to USD 331.13 billion in FY2032. The financial services industry is currently undergoing a significant transformation driven by a blend of various factors that are reshaping the landscape. These factors include the increasing urbanity among investors, regulatory changes that are shaping the industry's framework, advancements in technology that are revolutionizing the way financial services are delivered, and shifting demographics that are influencing the market dynamics.

In the context of India, tradition of savings, investments, and wealth preservation, with families traditionally relying on trusted advisors for financial guidance and support is evitable. However, with the rapid economic growth, globalization, enhanced regulatory environment, and enhanced accessibility to global financial markets, the wealth management sector in India has experienced a substantial evolution. Investment Advisers Regulation, 2013, and the Financial Advisors Regulations, 2019 have introduced transparency and accountability to the wealth management industry. The shift has transformed the way individuals manage their wealth and created new opportunities and challenges for financial service providers in meeting the evolving needs and expectations of their clients.

Over the past few years, India has witnessed a notable rise in its high-net-worth individual (HNWI) community, propelled by economic expansion, entrepreneurial endeavors, and the expanding middle class. These individuals are in search of expert wealth management services to enhance and safeguard their assets. The demographic landscape of the nation is shifting, with a digitally inclined generation gravitating towards automated wealth management solutions, compelling companies to allocate resources towards technology and digitalization.

India's wealthiest segment was previously dominated by a handful of industrialist families such as the Tatas and Birla's. But in recent years, it has seen the entrance of many new-age entrepreneurs, showbiz, media, and sports personalities. Doctors, lawyers, and even salaried professionals, especially those who may have received stock options, are also represented.

Rising Affluence and Middle Class Affect the Overall Demand

India's middle class is rapidly expanding, accompanied by a significant increase in the number of high-net-worth individuals (HMWIs). As people accumulate more wealth, there is a growing need for professional financial planning and investment management to preserve and grow their assets. The demographic shift results in a larger customer base for wealth management services, as more individuals seek sophisticated financial advice and personalized investment strategies to meet their financial goals. India is set to become a USD 5 trillion economy by 2027-28, nearly three individuals each day join the ultra-high-net-worth (UHNW) club with a net worth of more than USD 30 million as start-ups go to market.

Driving Wealth Creation and Management Opportunities

India's strong economic growth over recent decades has led to higher incomes and greater wealth accumulation among its citizens. Economic prosperity has resulted in increased savings and investment activities. As the economy expands, individuals and businesses have more capital to manage, which boosts the demand for expert financial advice and diversified investment opportunities. Wealth management firms are well-positioned to capitalize on this trend by offering customized financial solutions to a more affluent and investment-savvy population, thereby contributing to the growth of India's wealth management market.

Western Region to Dominate India Wealth Management Market Share

The wealth management market in India is predominantly dominated by the western region of the country. This region is home to a significant concentration of financial institutions, stock exchanges, and corporate headquarters, which collectively fosters a robust environment for wealth management services. The Western region, particularly known for its financial activities has the highest concentration of high-net-worth individuals (HNWIs) in India, driving the demand for sophisticated financial planning and investment management. The strong culture of investing in various financial instruments, such as equities, mutual funds, and alternative investments, further supports the thriving wealth management industry in the region. While the west leads, other regions, such as north and south, are emerging as important markets due to their growing affluent populations and expanding economic activities.

Banks to Dominate the Market

Banks hold a prominent position as leading providers in India wealth management sector, capitalizing on their expansive branch network, reputable brands, and a broad spectrum of financial products. They deliver many wealth management solutions, spanning investment advisory, portfolio management, retirement, and estate planning, and tax advisory services. Moreover, banks typically house specialized divisions staffed with seasoned relationship managers, offering tailored financial guidance to clients. Their solid infrastructure and adherence to regulatory requirements standards underscore their pivotal role in addressing the multifaceted wealth management requirements of both individuals and enterprises throughout India.

Future Market Scenario (FY2025 - FY2032)

The future market scenario for wealth management in India from FY2025 to FY2032 is expected to witness a significant shift towards digital transformation. With the increasing adoption of technology and digital platforms, wealth management firms are likely to leverage advanced tools such as AI, machine learning, and data analytics to offer personalized and efficient services to clients.

The period between FY2025 and FY2032 is anticipated to see a surge in the popularity of robot advisors in India's wealth management market. These automated investment platforms are expected to gain traction among tech-savvy investors looking for cost-effective and convenient wealth management solutions.

Environmental, social, and governance (ESG) investments projected to play a significant role in the future market scenario of wealth management in India. As investors increasingly prioritize sustainability and ethical considerations in their investment decisions, wealth management firms are expected to integrate ESG factors into their investment strategies.

In the forecast years, wealth management firms in India are expected to focus on providing personalized and tailored solutions to meet the diverse needs and preferences of clients. By leveraging data-driven insights and advanced technologies, firms can offer customized investment strategies and financial planning services to cater to individual client goals and objectives.

Key Players Landscape and Outlook

The landscape of the wealth management market in India is characterized by key players who are playing a significant role in shaping the industry. These players include traditional financial institutions, private wealth management firms, asset management companies, and fintech companies offering innovative solutions. The outlook for the wealth management market in India is promising, driven by factors such as increasing wealth creation, growing investor sophistication, and the adoption of digital technologies. As the market continues to evolve, key players are expected to focus on enhancing their service offerings, leveraging technology to provide personalized solutions, and expanding their reach to cater to the diverse needs of clients. Overall, the future of the wealth management market in India looks bright, with opportunities for growth and innovation.

In 2023, Reliance Industries' Jio and BlackRock announced a joint venture to penetrate the India wealth management sector. This collaboration intends to leverage Jio's large customer base with BlackRock's investment knowledge, making financial services more accessible to a wider audience in India.

Table of Contents

1. Research Methodology

2. Project Scope and Definitions

3. Executive Summary

4. Voice of Customer

• 4.1. Customer Demographics (Gender, Age, Income, Profession, etc.)
• 4.2. Market and Product/Service Intelligence
• 4.3. Brand Recall and Loyalty
• 4.4. Reasons for Brand Choice
  • 4.4.1. Brand Name and Market Presence
  • 4.4.2. Reliability and Security
  • 4.4.3. Features and Service Available
  • 4.4.4. Application User Interface
  • 4.4.5. Integrity of Various Platforms
  • 4.4.6. Offers and Discounts
• 4.5. Usage Frequency
• 4.6. Average Transaction Value
• 4.7. Frequently Used Features/Services
• 4.8. Pain Areas Experienced by the Consumer

5. India Wealth Management Market Outlook, 2018-2032F

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. By Type
  • 5.2.1. Financial Advice Management
  • 5.2.2. Portfolio Management
  • 5.2.3. Performance Management
  • 5.2.4. Risk and Compliance Management
  • 5.2.5. Others
• 5.3. By End-user
  • 5.3.1. High Net Worth Individuals
  • 5.3.2. Ultra-High Net Worth Individuals
  • 5.3.3. Corporates
  • 5.3.4. Others
• 5.4. By Providers
  • 5.4.1. Bank
  • 5.4.2. NBFCs
  • 5.4.3. Consulting Firm
• 5.5. By Region
  • 5.5.1. North
  • 5.5.2. South
  • 5.5.3. East
  • 5.5.4. West and Central
• 5.6. By Company Market Share (%), FY2024

6. Market Mapping, FY2024

• 6.1. By Type
• 6.2. By End-user
• 6.3. By Providers
• 6.4. By Region

7. Macro Environment and Industry Structure

• 7.1. Supply Demand Analysis
• 7.2. Regulatory Framework and Compliance
  • 7.2.1. Reserve Bank of India
  • 7.2.2. Securities Exchange Board of India
  • 7.2.3. Insurance and Regulatory Development Authority of India
• 7.3. Value Chain Analysis
• 7.4. PESTEL Analysis
  • 7.4.1. Political Factors
  • 7.4.2. Economic System
  • 7.4.3. Social Implications
  • 7.4.4. Technological Advancements
  • 7.4.5. Environmental Impacts
  • 7.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 7.5. Porter's Five Forces Analysis
  • 7.5.1. Supplier Power
  • 7.5.2. Buyer Power
  • 7.5.3. Substitution Threat
  • 7.5.4. Threat from New Entrants
  • 7.5.5. Competitive Rivalry

8. Market Dynamics

• 8.1. Growth Drivers
• 8.2. Growth Inhibitors (Challenges and Restraints)

9. Key Players Landscape

• 9.1. Competition Matrix of Top Five Market Leaders
• 9.2. Market Revenue Analysis of Top Five Market Leaders (By Value, FY2024)
• 9.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
• 9.4. SWOT Analysis (For Five Market Players)
• 9.5. Patent Analysis (If Applicable)

10. Case Studies

11. Key Players Outlook

• 11.1. SBI Wealth Management
  • 11.1.1. Company Details
  • 11.1.2. Key Management Personnel
  • 11.1.3. Products and Services
  • 11.1.4. Financials (As reported)
  • 11.1.5. Key Market Focus and Geographical Presence
  • 11.1.6. Recent Developments
• 11.2. ICICI Bank Private Banking
• 11.3. Kotak Mahindra Bank Wealth Management
• 11.4. Axis Bank Wealth Management
• 11.5. HDFC Bank Private Banking
• 11.6. BNP Paribas Wealth Management
• 11.7. Standard Chartered Private Banking
• 11.8. Citibank Private Banking
• 11.9. Deutsche Bank Wealth Management
• 11.10. Edelweiss Wealth Management

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

12. Strategic Recommendations

13. About Us and Disclaimer

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Wealth Management Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Wealth Management Market Share (%), By Type, FY2018-FY2032F
• Figure 3. India Wealth Management Market Share (%), By End-User, FY2018-FY2032F
• Figure 4. India Wealth Management Market Share (%), By Provider, FY2018-FY2032F
• Figure 5. India Wealth Management Market Share (%), By Region, FY2018-FY2032F
• Figure 6. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 7. By End-User Size Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 8. By Provider Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 9. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024