New Delhi, Aug. 20 -- Assets managed by Indian family offices are projected to grow 1.5 times over the next three years, as rising wealth and a shift towards more active investment strategies are transforming them into long-term providers of capital, according to a Julius Baer-EY report.

The report, Indian Family Office Playbook: Now, Next and Beyond, estimated that Indian family offices managed around Rs 70,000 crore in assets in 2024, with the pool projected to grow at a 14 per cent compound annual growth rate over three years.

The report said this growth is accompanied by a significant change in how family wealth is invested. Around 40-45 per cent of allocations in many family offices are now directed towards alternative assets such ...