Indian family office assets projected to grow 1.5x over the next three years: Julius Baer – EY report

Related topics

Family offices allocate 40%-45% of portfolios to alternatives including PE, VC, private credit, AIFs, REITs and InvITs
India is expected to witness US$1.3 trillion-US$1.5 trillion of intergenerational wealth transfer over the next decade

Mumbai / New Delhi, 20 August 2026: India's family office ecosystem is entering a new phase of growth, with family office assets estimated at approximately INR70,000 crore in 2024, are projected to grow by 1.5 times over the next three years, according to the latest Julius Baer- EY report, Indian Family Office Playbook: Now, Next and Beyond. The growth is being driven by expanding wealth pools, increasingly sophisticated investment strategies and the growing role of family offices as long-term providers of capital.

The Julius Baer - EY report highlights that India today has more than 19,000 ultra-high-net-worth individuals (UHNIs), with the number expected to exceed 25,000 by 2031. At the same time, an estimated US$1.3 trillion-US$1.5 trillion of intergenerational wealth transfer is expected over the coming decade, increasing the need for stronger governance frameworks, succession planning and institutional operating models.

The projected growth in assets is being accompanied by a significant shift in investment strategy. The report highlights that 40%-45% of allocations in many family offices are now directed toward alternatives such as private equity, venture capital, private credit, Alternative Investment Funds (AIFs), Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Family offices are also increasingly pursuing direct investments and co-investment opportunities, while expanding exposure to sectors such as artificial intelligence (AI), climate technology, renewable energy, semiconductors, electronics manufacturing, cloud services and data centre infrastructure.

Surabhi Marwah, Tax Partner and Leader, Family Office Advisory Services, EY India said, "Indian family offices are evolving from wealth preservation vehicles into active allocators of long-term capital. As wealth creation accelerates, families are increasingly investing in private markets, innovation-led sectors and opportunities linked to India's growth story. This shift is also bringing greater focus on governance, succession planning and professional management as families seek to build enduring institutions that can create value across generations."

Kunal Sumaya, Ad Interim Country Head - India & Market Head - Global NRI, Julius Baer, said, “India’s family office ecosystem is at an inflection point, with family office assets estimated to grow 1.5 times over the next three years. The scale and pace of this evolution is being shaped by three powerful forces: explosive wealth creation driven by a strong start-up ecosystem and the rise of Indian primary markets; a profound generational shift in wealth management and deployment; and the institutionalisation of Indian capital markets. As India prepares for one of the most significant intergenerational wealth transfers in its history, the families that embrace this moment to build institutional discipline, strengthen governance, invest in technology and talent, and take a long-term approach to managing wealth will not only preserve their legacies, but emerge as architects of India’s economic future.”

Technology is becoming central to modern family offices, with increased adoption of AI-enabled analytics, integrated reporting platforms, cybersecurity and digital governance tools to improve visibility, governance and investment decision-making.

As cross-border investments grow, rising regulatory, data privacy and transparency requirements are driving demand for professional management structures, specialized talent and stronger governance frameworks.

The Julius Baer-EY report highlights how family offices are broadening their investment horizons, increasingly allocating capital to AI, climate technology, renewable energy, digital infrastructure, semiconductors and electronics manufacturing, alongside private markets and real assets.

As Indian family offices continue to evolve, their role is expected to extend beyond wealth management into long-term capital formation, entrepreneurship and strategic investing. With increasing allocations to alternatives, greater participation in private markets and a stronger focus on emerging sectors, family offices are poised to play a more prominent role in India's investment landscape.

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