India's Family Office Assets Expected to Grow 1.5x in Three Years: Julius Baer-EY Report
According to a report by Julius Baer and EY, India’s family office assets are projected to grow 1.5 times over the next three years, reaching INR700 billion ($7.1 billion) from their current level in 2024. The growth is attributed to increased wealth creation, advanced investment strategies, and a growing role of family offices as long-term capital providers. The report highlights that India currently has over 19,000 ultra-high-net-worth individuals (UHNWIs), expected to rise above 25,000 by 2031. Over the next decade, intergenerational wealth transfers valued at $1.3 trillion–$1.5 trillion are anticipated, emphasizing the need for stronger governance and institutional models. Investment patterns in family offices are shifting toward alternative assets like private equity, venture capital, real estate investment trusts (REITs), and infrastructure investment trusts (InvITs). Family offices are also expanding into innovation-led sectors such as AI, climate technology, renewable energy, semiconductors, cloud services, and data centers.
Topics: family offices investment trends private wealth growth