What is the size of asset management market in India?
The India Asset Management Market is about USD 865 billion in the current year and is expected to register a CAGR of 14% over the forecast period.
India Asset Management Market Analysis
In 2022, the AUM of the Indian mutual fund industry stood at INR 37.22 trillion (USD 449 billion). Although individual investors hold 55% of industry assets, institutional investors account for 45%.
India Wealth Management Market has valued at USD 429.1 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.56% through 2029.
In India, the Wealth Management market is expected to witness a significant growth in the coming years. According to projections, the Assets under Management (AUM) in this market are estimated to reach a staggering US$539.90bn by the year 2024.
There are forty-four registered asset management companies in India. These companies manage investors' funds - invest in various securities to generate optimal returns.
Global Asset Management Market size was valued at USD 277.42 billion in 2021 and is poised to grow from USD 373.69 billion in 2022 to USD 5455.24 billion by 2030, growing at a CAGR of 34.7% in the forecast period (2023-2030).
The India Asset Management Market is segmented by Client Type (Retail, Pension Funds, Insurance Companies, Banks, and Others) and by Asset Class (Equity, Fixed Income, Cash/Money Management, Alternative Investment, and Others).
The other favourable sectors that investors can bet on in 2023 include defence, renewable energy sector, infrastructure, and capital goods.
Therefore, Fintech or Healthcare can be the fastest growing sector in India. What are the top 5 industries in India? Healthcare and pharmaceuticals, Automobile, Banking and Financial Services, Information technology, and Fast Moving Consumer Goods (FMCG).
The top 20 wealth management companies in India include HDFC Bank Private Banking, ICICI Bank Private Banking, Kotak Mahindra Bank Wealth Management, Axis Bank Wealth Management, SBI Wealth Management, BNP Paribas Wealth Management, Standard Chartered Private Banking, Citibank Private Banking, Deutsche Bank Wealth ...
How much wealth is considered rich in India?
Global real estate agency Knight Frank said in its new wealth report that in India, the individual wealth required to reach the 1 per cent threshold in India is $175,000, which translates roughly to Rs 1.44 crore.
At present, India has around 2% of the world's multi millionaires (13.6 million) and 5% of world's billionaires (2,024).
To probably no one's surprise, Mukesh Ambani tops the list, and it goes on to include eminent personalities like Gautam Adani and Uday Kotak.
Asset Manager salary in India ranges between ₹ 2.3 Lakhs to ₹ 15.4 Lakhs with an average annual salary of ₹ 6.6 Lakhs. Salary estimates are based on 1.2k latest salaries received from Asset Managers.
BlackRock remains the world's largest asset manager overall.
Total AuM in the asset management market in APAC reached $27.2 trillion in 2022, showing positive growth despite turbulent market conditions.
The United States, along with the United Kingdom, is a key center in both the source of assets under management, and, even more importantly, as a dominant force in the asset management industry itself.
Moreover, an asset management company is partially regulated by the AMFI (Association of Mutual Funds of India). Therefore, an asset management company must have a certificate of recognition from SEBI and AMFI. The applicant has to pay a non-refundable fee of Rs. 1,00,000 to SEBI for registration.
Still, the industry's average assets under management have jumped by 8 trillion rupees ($96 billion) in the first 11 months of 2023 to 48.75 trillion rupees, data from the Association of Mutual Funds in India, the industry body, show. The increase is set to be the biggest for any year on record.
Asset Management Analyst salary in India ranges between ₹ 2.0 Lakhs to ₹ 9.0 Lakhs with an average annual salary of ₹ 4.8 Lakhs. Salary estimates are based on 710 latest salaries received from Asset Management Analysts. 1 - 9 years exp.
Which sector will boom in 2024 in India?
1. Technology: India's booming tech sector, fueled by digital adoption and government initiatives like 'Digital India,' offers significant opportunities. Look for companies involved in artificial intelligence, cloud computing, cybersecurity, fintech, and e-commerce.
Updated - February 06, 2024 at 01:29 PM. Prime Minister Narendra Modi on Tuesday said that India will see an investment of $67 billion in the energy sector in next five to six years as he invited global investors to participate in India's growth story.
Technology and IT Services: Unbelievably, India is now a major global center for IT and technology services. With a thriving IT ecosystem, businesses specializing in software development, IT services, and digital solutions have found immense success and top the list of most profitable businesses in India.
IT Sector
As a result, the nation's IT market has been expanding quickly, and by 2025, sales are anticipated to exceed $300 billion. Several international corporations outsource their IT projects to Indian businesses, which are significant software development and maintenance service providers.
Biggest Losers of 2023
This is followed by banks and commodities sectors. Although these three indices gave positive returns, they underperformed frontline indices by 8%, 5%, and 2.1%, respectively. The BSE Sensex, during the same period, gave positive returns of 8.4%.
