The moment someone’s portfolio crosses a few crores of rupees, the phone calls change. The humble agent or relationship manager now becomes (a better-sounding) wealth manager or private banker.
Sadly, that is not where this ends. In fact, it is the start. Specially curated and availableexclusively- to-a-select-few exotic products start appearing in regular conversations — structured products, complex-sounding portfolio management services (PMS) and alternate investment fund (AIF) strategies, pre-initial public offering (IPO) deals, private credit funds, and insurance wrappers with fancy riders suddenly find their way into the discussion.
