Affluent families from these places, particularly the younger generation, are focusing on setting up these offices to diversify their risks and systematically invest into the equity market, mutual funds, structured instruments, real estate and new asset classes such as startups.
According to reports, Surat alone has seen the establishment of around 8-10 family offices in the recent past.
According to a recent PwC report, currently, there are over 300 family offices in India, as against 45 in 2018, and the number is set to rise exponentially, with promoters building impressive businesses in tier-2 and tier-3 cities.
Esta historia es de la edición December 04, 2024 de Financial Express Mumbai.
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