India’s wealth management sector continues to see dynamic changes and new opportunities in October 2025. Recent clarifications by the Securities and Exchange Board of India (SEBI) have brought stability to the sector, with SEBI confirming that there are no immediate plans to bring family offices under direct regulatory oversight. This is welcome news for ultra-high-net-worth individuals and wealth managers, emphasizing regulatory predictability and supporting long-term planning.
The industry is also experiencing significant growth in both client base and professional leadership. Noteworthy is the recent appointment of Susmit Patodia as group head at Dezerv, one of India’s rapidly growing wealth management platforms, signaling a trend of strong hiring and leadership expansion across the sector. Leading banks are also expanding services, as seen with Yes Bank’s new partnership with Japan’s SMBC to set up an advanced wealth management division targeting the growing affluent population in India.
Sustained flows into systematic investment plans (SIPs) showcase Indians’ increasing discipline in long-term wealth creation. Wealth management is not limited to metropolitan cities anymore—smaller towns and Tier II cities are quickly emerging as new hubs for wealth generation. This democratization, along with innovative offerings from asset managers like high-yielding corporate debt products, positions the industry for robust growth.
As festival season approaches, wealth advisors are encouraging purpose-driven investing and prudent asset allocation, reinforcing the importance of systematic investing for building lasting financial security in today’s evolving economic landscape.