2 hrs ago

Godrej Wealth Plans AMC Entry, Expansion Across India

Godrej Wealth helps wealthy customers invest their money.

It already offers several investment products and is preparing to add mutual funds.

The company plans to apply for a licence to start its own asset management company.

It also wants to launch a private credit fund.

Godrej Wealth has expanded from Mumbai to Delhi.

It plans to enter several more Indian cities soon.

The company hopes to manage ₹3,000 crore by the end of this financial year.

Its bigger goal is to manage ₹1 lakh crore by 2031.

It expects more people to need wealth services as businesses grow and money passes between generations.

Key facts

Planned licence: Godrej Wealth is preparing to apply for a mutual fund licence.
Expected AMC launch: The proposed asset management company is expected to begin operations in about a year.
Existing offerings: The company holds a portfolio management services licence and operates a Category II alternative investment fund.
New product: Godrej Wealth is preparing to launch its first private credit fund.
Near-term AUM target: ₹3,000 crore by the end of the current financial year.
Long-term AUM target: ₹1 lakh crore across its wealth and asset management businesses by 2031.
Expansion markets: The company has expanded to Delhi and plans to enter Pune, Hyderabad, Bengaluru, Chennai, Ahmedabad and Kolkata.

freepressjournal.in · 2 hrs ago