Your browser is currently blocking notification.
Please follow this instruction to subscribe:
X
Notifications are already enabled.
X

From Buying Gold To Investing Through AI: 6 Wealth Management Platforms Transforming How Indians Invest

From Buying Gold To Investing Through AI: 6 Wealth Management Platforms Transforming How Indians Invest

Wealth management is integrating digital investment at a fast pace

Customers prefer digital investing due to convenience and no-to-low cost

Inc42 presents a list of the 6 wealth management startups from India

With rising disposable incomes, Indians have changed how they invest their wealth and assets. No longer is it about trusting that one manager, but relying on data and a host of other indicators to make decisions. Often a computer running on numerous algorithms is taking these decisions for investors with the rise of automated wealth management.

A 2018 report by Confederation of Indian Industries (CII) estimates that Indian mutual fund market will grow at a CAGR of 18% to reach an asset under management (AUM) of INR 50 Lakh Cr by 2023.

Factors such as increased awareness about mutual funds, investor-friendly regulatory environment and rising digital and financial literacy are expected to be the major drivers of this growth.

Further, a report by Deloitte India predicts that Indian wealth management network is all set to boom and that by the end of 2020, 21 paise out of every rupee invested in mutual funds will likely be through online portals.