Expansion of Indian investment and wealth management

India’s investment landscape is experiencing significant expansion across both regulatory frameworks and retail participation. The Securities and Exchange Board of India (Sebi) has implemented a regulatory overhaul for the US$463 billion portfolio management services (PMS) industry, allowing managers to invest in overseas securities, short equity options, and unlisted debt securities for the first time. These changes, facilitated through the Liberalised Remittance Scheme, aim to provide diverse global opportunities in sectors such as artificial intelligence.

Simultaneously, the mutual fund sector has seen rapid growth, with industry Assets Under Management (AUM) exceeding ₹80 lakh crore and monthly Systematic Investment Plan (SIP) contributions surpassing ₹26,000 crore. The market is supported by a surge in digital participation, with demat accounts crossing 21 crore and approximately one lakh new accounts being opened daily. Various fintech platforms have emerged to serve this growing market, ranging from beginner-friendly DIY trading interfaces to specialized advisory services for high-net-worth individuals.