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Role of wealth tech in wealth management space
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Every generation is defined by certain events that changed its perspective on life. Ours has been the coronavirus crisis of 2020 and 2021.
Faced with the uncertainty of life, we re-evaluated how we thought about money. As we saw families plunge into chaos, we dug deep to relook at our own financial situations. And with this relook comes anxiety — we realise that our portfolios are constructed ad-hoc and realigning them brings the prospect of many decisions which we are ill-equipped to take. It isn’t surprising then that a vast majority of Indians with investible surpluses are not allocating capital to portfolios that can help them meet their financial goals.
Sample this: despite the tremendous inflows into mutual funds, the total assets in
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