India’s mega rich are swelling. How the wealth management industry is refashioning itself to adapt

India's mega rich are swelling. How the wealth management industry is refashioning itself to adapt
India’s mega rich are swelling. How the wealth management industry is refashioning itself to adapt
Indian wealth managers are addressing a market with Rs 100 lakh crore (.5 trillion) of investible wealth, expected to double in the next five years. In June this year, a relatively minor transaction emitted an important signal from the inscrutable world of Mumbai’s high finance. Investors, led by Hong Kong-based Ward Ferry and US-headquartered General Atlantic, paid 0 million to acquire a 5.1% equity stake in IIFL Wealth Management, valuing the unit of the Nirmal Jainpromoted IIFL Holdings …
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India’s mega rich are swelling. How the wealth management industry is refashioning itself to adapt