Archive · 18 Sep 2026
Godrej Wealth Plans Mutual Fund Entry, Nationwide Expansion
Godrej Wealth helps people with a lot of money choose investments.
It already offers some investment services and is preparing to add mutual funds.
To do this, it plans to apply for a mutual fund licence.
The company expects its new asset management business to start in about a year.
It is also preparing a private credit fund.
Godrej Wealth has launched in Mumbai and Delhi and plans to expand to six more cities.
It hopes to manage ₹3,000 crore by the end of the current financial year.
Its larger goal is to manage ₹1 lakh crore across its wealth and asset management businesses by 2031.
Godrej Wealth is preparing to apply for a mutual fund licence and enter India’s asset management business in about a year.
The company already holds a portfolio management services licence and operates a Category II alternative investment fund.
Godrej Wealth is preparing to launch its first private credit fund for affluent, high-net-worth and ultra-high-net-worth clients.
After launching in Mumbai and expanding to Delhi, the company plans to enter six more Indian cities in the coming quarters.
The company targets assets under management of ₹3,000 crore this financial year and ₹1 lakh crore across its businesses by 2031.
- Who
- Godrej Wealth, part of the Godrej Industries Group, with the initiative discussed by Godrej Capital Managing Director and CEO Manish Shah.
- What
- The company is expanding its wealth-management operations and preparing to enter India’s mutual fund and asset management business.
- When
- Godrej Wealth expects to enter the mutual fund business in about a year; it launched in Mumbai in June 2026 and expanded to Delhi on Thursday.
- Where
- The expansion covers Mumbai, Delhi, Pune, Hyderabad, Bengaluru, Chennai, Ahmedabad and Kolkata.
- Why
- The company aims to build a full-fledged wealth and asset management platform for affluent, high-net-worth and ultra-high-net-worth clients.
- Planned licence
- Godrej Wealth is preparing to file an application for a mutual fund licence.
- Expected entry
- The proposed mutual fund and asset management business is expected to begin in about a year.
- Existing services
- The company holds a portfolio management services licence and operates a Category II alternative investment fund.
- Upcoming product
- Godrej Wealth is preparing to launch its first private credit fund.
- Near-term AUM target
- The company is targeting ₹3,000 crore in assets under management by the end of the current financial year.
- Long-term AUM target
- It aims to reach ₹1 lakh crore across its wealth and asset management businesses by 2031.
- Expansion plan
- After Mumbai and Delhi, the company plans to enter Pune, Hyderabad and Bengaluru in the current quarter, followed by Chennai, Ahmedabad and Kolkata in the next quarter.
