Indian Family Office Assets Growth Report

A joint report by Julius Baer and EY, titled 'Indian Family Office Playbook: Now, Next and Beyond', projects that assets managed by Indian family offices will grow 1.5 times over the next three years, from approximately Rs 70,000 crore in 2024 to around Rs 1.05 lakh crore, at a 14% compound annual growth rate. The report highlights a significant shift in investment strategies, with 40-45% of allocations now directed towards alternative assets such as private equity, venture capital, private credit, AIFs, REITs, and InvITs. Family offices are increasingly making direct investments and co-investments, focusing on emerging sectors like AI, climate technology, renewable energy, semiconductors, and data centres. The report notes that India has over 19,000 ultra-high-net-worth individuals, expected to exceed 25,000 by 2031, and anticipates $1.3-1.5 trillion in intergenerational wealth transfer over the next decade. It also emphasizes the professionalization of family offices, with greater governance, succession planning, and technology adoption. The report was authored by EY India and Julius Baer, with commentary from Surabhi Marwah, Ashwin Patni, and Kunal Sumaya.