Nuvama Wealth to grow AUA by 5x in 5 years to INR ~2.5 Lac Cr (USD ~30 Bn)

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Nuvama Wealth, the personal wealth arm of Nuvama Wealth Management, which caters to the financial needs of HNI and Affluent segment, today announced an ambitious plan aiming to grow its Assets under advice (AUA) by 5x to INR ~2.5 Lac Cr (USD ~30 Bn) by 2028. This in line with its larger vision of empowering clientele with access to high quality advisory and wealth solutions.

Nuvama Wealth has transitioned from being a single product focused distribution franchise to a full-fledged wealth management outfit. This has resulted in a significant value creation for its stakeholders. While delivering superior client experience by means of its core philosophy around hybrid servicing, multi-product & services, and customized solutions.

Speaking to the press, Rahul Jain, President, and Head of Nuvama Wealth, said, “According to a World bank and CMIE report India is poised to become a USD 10 Tn Economy by end of this decade; led primarily by the entrepreneurial growth engine that we are seeing outside the tier 1 cities.  In this journey Nuvama Wealth will be able to offer businesses, promoters, and customers the right intelligence and perspective to truly envision the wealth creation and generation opportunities that will emerge. Tier II and III towns in India is where we would like to be present to partner and grow with our clients who will start generating mass employment and significant wealth as they progress on their business expansion journeys.”

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