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Challenges and Opportunities for the Wealth Sector in India 2014

Published By :

WealthInsight

Published Date : May 2014

Category :

Banking

No. of Pages : 67 Pages


Synopsis

  • This report is the result of WealthInsight\'s extensive research covering the high net worth individual (HNWI) population and wealth management market in India.
  • The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country\'s HNWIs have performed through the crisis.
Summary

This report is a thorough analysis of India\'s Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.

Scope

  • Independent market sizing of India HNWIs across five wealth bands
  • HNWI volume and wealth trends from 2009 to 2013
  • HNWI volume and wealth forecasts to 2018
  • HNWI and UHNWI asset allocations across 13 asset classes
  • Number of UHNWIs in each state and all major cities
  • Fastest growing cities and states for UHNWIs (2009-2013)
  • Insights into the drivers of HNWI wealth
Reasons To Buy

  • The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
  • The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
  • With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
  • Report includes comprehensive forecasts to 2018.
Key Highlights

  • At the end of 2013, Indian HNWIs held 20.1% (US$253 billion) of their wealth outside their home country, which is line with the global average of 20-30%.
  • WealthInsight expects foreign asset holdings to increase to US$374 billion by 2018, accounting for 18.8% of total HNWI assets.
  • In 2013, the Asia-Pacific accounted for 34.3% of Indian HNWIs\' foreign assets.
  • It was followed by North America with 30.5%, Europe with 16.4%, Latin America with 6.5%, Africa with 6.4% and the Middle East with 5.8%.
  • Indian HNWI allocations to the Asia-Pacific increased during the review period, from 32.2% in 2009 to 34.3% in 2013. North America and the Asia-Pacific were the emerging regions in terms of global investments.
  • HNWIs are expected to further increase their levels of investment in Asia-Pacific to 35.0% of foreign HNWI assets by 2018, with investments increasingly being diverted to emerging economies.
Table of Contents

1 Introduction
1.1 Details of this Report
1.2 Definitions

2 Executive Summary

3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Social Background
3.4 Benchmarking Indian Wealth in Context
3.4.1 Distribution of wealth in India
3.5 HNWI Volume and Wealth Trends

4 Competitive Landscape of the Wealth Sector
4.1 Competitive Landscape
4.1.1 Domestic banks
4.1.2 Foreign private banks
4.1.3 Partnerships
4.1.4 Wealth managers
4.1.5 Family offices
4.1.6 Financial advisors
4.2 Developments in the Indian Private Banking Industry
4.3 Wealth Management and the Private Banking Industry
4.4 The Indian Wealth Management Industry - Clientele Model and Maturity
4.5 Behavioral Mapping of Wealth Management and Private Banking in India
4.6 Porter\'s Five Force Analysis - the Wealth Management Industry

5 Appendix
5.1 Additional Components of the Wealth Sector in India
5.1.1 Philanthropy
5.1.2 Demand for intergenerational wealth transfer
5.1.3 Human resource availability for the wealth management industry
5.2 Tax Regulations
5.3 Regulations Related to Immigration, Investment and Employment
5.4 Key Drivers
5.4.1 INR to US$ exchange rate
5.4.2 Real GDP growth
5.4.3 Per capita GDP
5.4.4 Domestic market capitalization
5.4.5 Commodity index
5.4.6 Foreign direct investments - inflow and outflow
5.4.7 Inflation rate
5.4.8 Interest rate
5.4.9 Balance of payments
5.4.10 Government debt
5.4.11 Stock market performance
5.5 Wealth Breakdowns

6 About WealthInsight

List of Table


Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in India by Population (Volume), 2013
Table 3: Leading Domestic Banks in India by Local AuM (US$ Million), 2013
Table 4: Leading Foreign Private Banks in India by Local AuM (US$ Million), 2013
Table 5: Leading Wealth Managers in India by AuM (US$ Million), 2013
Table 6: Leading Indian Family Offices by AuM (US$ Million), 2013
Table 7: Indian Wealth Management Industry - Recent Deal Activity, 2013
Table 8: Indian Income Tax Bands (INR), 2013-2014
Table 9: INR per US$ Exchange Rate, 2009-2018
Table 10: Indian Real GDP Growth (%), 2009-2018
Table 11: Indian GDP per Capita (US$), 2009-2018
Table 12: Indian Domestic Market Capitalization (US$ Billion), 2009-2013
Table 13: Indian Commodity Indices, 2009-2018
Table 14: Indian Foreign Direct Investment (US$ Billion), 2009-2018
Table 15: Indian Inflation Rate (%), 2009-2018
Table 16: Indian Money Market Rate (%), 2009-2018
Table 17: Indian Balance of Payments (US$ Billion), 2009-2013
Table 18: Indian Government Debt as a Percentage of GDP, 2009-2018
Table 19: Indian Stock Market Performance, 2009-2013
Table 20: Indian HNWI Wealth vs GDP Ratio, 2009-2018
Table 21: India - Appendix One
Table 22: India - Appendix Two

List of Chart

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of India
Figure 3: Indian Asset Price Performance (%), 2009-2013
Figure 4: Indian HNWI Performance (US$ Billion and HNWI Volume), 2009-2018
Figure 5: Indian vs Global HNWIs (%), 2009-2018
Figure 6: Indian Wealth Management Industry - Maturity Level of Operators, 2014
Figure 7: The Indian Wealth Management Industry - Behavioral Mapping, 2013
Figure 8: The Indian Wealth Management Industry - Five Forces Analysis
Figure 9: INR to US$ Exchange Rate, 2009-2018
Figure 10: Indian Real GDP Growth (%), 2009-2018
Figure 11: Indian GDP per Capita (US$), 2009-2018
Figure 12: Indian Domestic Market Capitalization (US$ Billion), 2009-2013
Figure 13: Indian Commodity Indices, 2009-2018
Figure 14: Indian Foreign Direct Investment (US$ Billion), 2009-2018
Figure 15: Indian Inflation Rate (%), 2009-2018
Figure 16: Indian Money Market Rate (%), 2009-2018
Figure 17: Indian Balance of Payments (US$ Billion), 2009-2013
Figure 18: Indian Government Debt as a Percentage of GDP, 2009-2018
Figure 19: Indian Stock Market Performance, 2009-2013
Figure 20: Indian HNWI Wealth vs GDP Ratio, 2009-2018
Figure 21: Indian HNWIs - Volume by Wealth Band, 2009-2018
Figure 22: Indian HNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 23: Indian HNWIs - Wealth per Capita (US$ Million), 2009-2018

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