New Delhi, Sept. 29 -- India's next phase of wealth creation is likely to be driven by a broader group of investors, including salaried households in Tier-2 and Tier-3 cities, women, young professionals and Gen Z, according to EY India's latest report, 'Wealth Inclusion in India: Expanding Investor Participation Beyond Metro India'.

The report estimates that more than 100 million Indians could enter the long-term investment ecosystem by 2035, supported by increasing participation from smaller cities, younger investors, women and digitally connected households.

The report noted that cities outside India's top 110 cities currently contribute 12% of mutual fund assets under management. At the same time, districts beyond the top 10 account ...