India: Wealth & Asset Management

Wealth and succession planning in India is often shaped by personal law regimes that determine how property devolves upon death. For Muslim families, inheritance is governed primarily by the principles of Islamic law, as recognised under the Muslim Personal Law (Shariat) Application Act, 1937.

Family offices have emerged as influential players in the global investment landscape, managing substantial wealth while prioritizing long-term value creation.

In a first of its kind development, the Indian regulators have provided a formal recognition to family offices under the International Financial Services Centres Authority (Fund Management) Regulations, 2022.