Mumbai, Feb. 23 -- Addressing the Portfolio Managers' Conclave in Mumbai, SEBI Chairman Tuhin Kanta Pandey on Monday painted a robust picture of the nation's financial trajectory, asserting that the country is set for a historic shift in wealth dynamics.

He highlighted that "India remains among the fastest growing major economies," and emphasised that the nation "remains on the trajectory to becoming the world's third largest economy."

This macroeconomic climb is expected to fundamentally alter the investor profile in the country, as Pandey noted that "this growth will also bring a rise in the number of affluent investors."

According to the Chairman, this new class of high-net-worth individuals will require more than the traditional in...