India may see $1.5 tn family wealth shift

Meanwhile, the Economic Times daily newspaper is available online now.

Key points

• This is projected to expand alternatives market where total alternative AUM is estimated at around $400 billion, including $156 billion in SEBI-registered AIFs.
• Power shift, a déjà vu: Air India could be new CEO's toughest flight yet.
• The Economic Times daily newspaper is available online now.
• This transfer is coming at a time when family wealth is becoming increasingly institutionalised.
• Intergenerational wealth transferfamily wealth Indiaalternative investment capitalventure capitalwealth management.

Meanwhile, the Economic Times daily newspaper is available online now. India may see family wealth worth $1.5 trillion change hands in 10 years. India may see family wealth worth $1.5 trillion change hands in 10 years. ET BureauLast Updated: Aug 20, 2026, 01: 10: 00 AM IST.

India anticipates a significant intergenerational wealth transfer exceeding one trillion dollars. Family wealth is becoming more institutionalized with formal governance structures. This trend will expand the alternatives market significantly in the coming decade. India's billionaire and ultra-high-net-worth individual numbers are projected to growth. Exits and liquidity events are driving demand for wealth management services.

Mumbai: India is entering a major phase of intergenerational wealth transfer, with an estimated $1.3 trillion-$1.5 trillion projected to change hands over the next decade, creating a larger pool of family-office and alternative investment capital, according to a Julius Baer-EY report. This transfer is coming at a time when family wealth is becoming increasingly institutionalised. Family offices are moving away from founder centric decision making towards formal governance, setting up investment committees, family councils and advisory boards and hiring chief investment officers, chief financial officers and risk managers. Their portfolios are additionally becoming wider with investments flowing into AIFs, startups, private equity, venture capital, private credit and listed and unlisted real estate such as REITS and INVITS, often through layered and offshore structures.

This is projected to expand alternatives market where total alternative AUM is estimated at around $400 billion, including $156 billion in SEBI-registered AIFs. The market could exceed $2 trillion by 2034, driven by rising HNI participation, policy backing and demand for higher-yielding and uncorrelated assets. India had more than 200 billionaires in 2026, the third highest after the US and China, controlling almost $1 trillion in wealth. The country additionally has more than 19, 000 ultra-high-net-worth individuals, with assets above $30 million, a number that could exceed 25, 000 by 2031. For context, the expansion has been fuelled by IPOs, private equity exits and founder liquidity events. Live Events.

"Every time there is an exit or every time there's an OFS which is precursor to an IPO, they are then coming to us and saying, please help us set up a structure, " remarked Surabhi Marwah, Tax and Leader, Family Office Advisor Services, EY India. Add Now! Intergenerational wealth transferfamily wealth Indiaalternative investment capitalventure capitalwealth management. Intergenerational wealth transferfamily wealth Indiaalternative investment capitalventure capitalwealth management. Train station to rocket propellants, a Nagpur firm's INR21k-cr journey. Are patients paying the cost for India's PE-led healthcare boom? The Nifty doesn't predict India. It records it.

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In short, india may see $1.5 tn family wealth shift is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.