India’s wealthiest households the top 1% hold nearly 60% of the country’s total assets, with a large chunk invested in physical assets like real estate and gold, according to a new report by Bernstein, as cited by ANI.
The report highlights a major untapped opportunity for wealth managers in the country.
Despite this immense wealth, around 60% of their assets are tied up in real estate and gold, according to the report cited by ANI.
This heavy reliance on physical investments highlights a substantial gap in the penetration of formal wealth management services across the country’s wealthiest segment.
Only $2.7 trillion of the Uber Rich’s total wealth is currently allocated to serviceable financial assets such as mutual funds, equities, insurance, and bank or government deposits according to ANI’s report on Bernstein’s findings.
The remaining $8.9 trillion is tied up in non-serviceable holdings, including physical real estate, gold, promoter equity, and cash reserves, which fall outside active financial management.
The report, as highlighted by ANI, describes this $2.7 trillion in actively investable assets as a “Serviceable Addressable Market (SAM)” for wealth managers and financial advisors.
This figure underscores a vast growth opportunity for India’s wealth management industry particularly as affluent households begin to explore diversified portfolios and structured advisory services.
The Bernstein report also brings attention to the stark wealth divide in the country. As per data reported by ANI, while India’s top 1% earns nearly 40% of all income, the remaining 99% of the population owns only a small portion of both national income and assets.
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According to the Bernstein report, cited by ANI, India’s ultra-rich hold a disproportionately large share of national wealth, but remain under served by formal financial advisory services.
As financial literacy rises and wealth management services expand, this presents a massive growth runway for wealth firms. However, it also highlights the urgent need to address India’s widening wealth inequality.
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Published on: Aug 6, 2025, 9:52 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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