India’s investment and wealth management market is poised for a sharp expansion, with the total addressable market expected to double by financial year 2030-31 (FY31) and reach $27-31 billion, according to a latest report by Equirus Wealth, a unit of the Equirus Group.

The wealth management market, currently valued at around $14 billion (FY25), is projected to clock a strong 15-17% CAGR over the next five years, driven by rising investor participation and higher per-user revenues, the report noted.

As per the report, the past decade has transformed India’s wealth ecosystem from a transactional product-distribution model to a holistic, advisory-led framework centred on transparency and client alignment. The rise of dedicated family offices, access to global products, integrated offerings across estate planning, tax, insurance and wealth, and greater availability of alternative investment avenues have accelerated this shift.

“Investors’ preference is shifting toward venture and long–short strategies. Over the next three years, AIF investors plan to increase exposure to venture capital, private debt, and long–short funds, reflecting a tilt toward higher-yield and flexible investment strategies,” the report noted.

Equirus Wealth in its report said that India’s family offices plan to lift alternative allocations by nearly 5% from the current 10% over the next three years, with private equity, venture capital, and long-only funds taking the largest share and expected to grow further.

Over the next three years, alternative investment funds (AIFs) investors plan to increase exposure to venture capital, private debt, and long–short funds, reflecting a tilt toward higher-yield and flexible investment strategies.

A major catalyst could be Sebi’s newly approved specialised investment funds (SIFs), which industry players expect to be a game changer. Offering flexibility to go both long and short, and with a significantly lower entry ticket size of ₹10 lakh, SIFs open the door to a broader investor base while allowing asset managers to deploy diverse strategies in varying market conditions, it said.

As per Hurun report, the ultra-high-net-worth individuals (UHNIs) in India with $12–14 million in net worth are projected to double to 1,30,000 over the next decade, narrowing the gap with China.

Affluent households (with $1 million) could rise from 872,000 to 1.7–2 million, while HNIs ($1.2–1.4 million) may grow from 5,90,000 to over 1.2 million, driven by formalisation of savings and deeper participation in capital markets. India may also see 30,000+ international UHNIs ($24–30 million), reflecting its growing global wealth footprint.

While China’s wealth rise was powered by industrialisation, India’s next decade of wealth creation is expected to be led by technology, services, manufacturing scale-up, entrepreneurship, and global capital inflows—setting the stage for a rapidly expanding wealth management industry, the report highlighted.

The growth of India’s wealth market also ties into the broader national vision. As India moves steadily toward its 2047 developed-nation goal, a strong, well-capitalised financial services ecosystem will be fundamental. With GDP aspired to expand nearly 10x by 2047, the value of financial assets will need to grow almost 20x, creating massive headroom for wealth management, asset management, broking, and lending.