The summary of the video: The wealth management industry in India was estimated at 2.2Tn US dollars in 2018, and it grew at a whopping 23% CAGR from 2016, and is poised to continue growing at nearly 10% CAGR to 2021, to reach $ 2.9Tn. The major players in the market are Kotak Wealth, ICICI Bank, IIFL Wealth, Axis Bank and BNP Paribas Wealth. The domestic players have increased their market share significantly from 60% to around 78% between 2015 to 2019. The present target segments are Promoters and business owners of SMEs, Professionals, lawyers, CAs and family-business people. Some emerging segments in the market are that of working women and of young entrepreneurs. There is a plethora of opportunities in the industry due to increasing count of HNIs and dearth of quality talent. The future outlook depicts that the highest growth in the UHNWI population will take place in India globally. Hence, Wealth management is at a growing phase in India and have bright future prospects. #wealthmanagement #BFSI #wealth #investment #financialservices #money
