Indian family office assets to grow 1.5x over three years: Julius Baer-EY report
Indian family office assets are projected to grow 1.5 times over the next three years, reaching approximately INR1 trillion ($10.1bn) by 2027, according to a report by Julius Baer and EY. This growth is driven by a larger pool of wealth, more advanced investment approaches, and the rising role of family offices as providers of long-term capital.
The report highlights that India currently has over 19,000 ultra-high-net-worth individuals (UHNWIs), with the figure expected to reach 25,000 by 2031. Additionally, intergenerational wealth transfers valued at $1.3tn-$1.5tn are anticipated, necessitating stronger governance structures, succession arrangements, and institutional operating models.
Investment patterns are also shifting, with around 40%-45% of allocations now directed towards alternative assets, including private equity, venture capital, and infrastructure investments. Family offices are increasingly engaging in direct and co-investment activities, expanding their exposure to sectors such as AI, climate technology, and renewable energy.
Technology adoption is also increasing, with the use of AI-enabled analytics, integrated reporting systems, and digital governance tools becoming more prevalent.
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