58% HNIs interested in setting up family office: Edelweiss Campden report

Mumbai: More than half of the wealthy business families in India, are interested in setting up or joining a family office, according to a Family Wealth Report 2018 by Edelweiss Private Wealth and Campden Family Connect, which studied 78 ultra high net worth families with an average net worth of $645 million and assets under management of $318 million, across India.

About 58% of families surveyed are interested in setting up or joining a family office; and 50% are currently in the process of doing so.

Among asset class, fixed income and equities are the two most favoured asset classes for investments, with keen interest in Private equity/ venture capital opportunities.


As far as geographies are considered for investment, India remains the focus for family investment with 99% of families investing in India.

The report also believes that succession planning needs to remain in sharp focus – only 19% of families have formally agreed, written succession plans.