As much as $1.5 trillion in wealth is expected to change hands between generations in India over the next decade, setting the stage for a fundamental redesign of family portfolios. Akash Hariani, joint managing director at Motilal Oswal Private Wealth, says next-generation HNIs are demanding consolidated reporting, formal asset-allocation frameworks, investment committees and professional manager selection.
Their portfolios are increasingly being built across listed equities, fixed income, private markets, real estate, gold and overseas assets, while concentrated bets are being ring-fenced to a smaller pool of capital.
