Indian Capital Is Going Global. The Family Offices Went First.

If you want to know where Indian wealth is heading, do not read predictions. Watch what the most sophisticated money in the country is already doing.

Here is what it is doing. India had roughly 45 family offices in 2018. Today it has more than 300, according to PwC. Those offices now manage over $30 billion, and the Indian Family Offices Report 2026 by The Economic Times and 1Lattice projects an intergenerational wealth transfer of $1.3 to 1.5 trillion over the coming decade. And per EY and Julius Baer, the majority of these offices are no longer content with preservation. They are pursuing global diversification.

That is not a trend piece. That is a structural repositioning of Indian capital, happening quietly, one allocation decision at a time.

Why global, and why now

Three forces are converging, and none of them is temporary.

The first is scale. The number of Indian families with wealth above $30 million is projected to grow from about 16,000 in 2025 to roughly 26,000 by 2030. Wealth at that scale outgrows a single market. Not because India is a bad market. Because concentration in any single market, at that size, is a risk no professional allocator would sign off on.

The second is the next generation. PwC's report points out that families are building financial reserves abroad partly because the younger generation studies and settles overseas. The kids live global lives. The balance sheet is catching up to the family.

The third is the plumbing. Outbound flows under the Liberalised Remittance Scheme grew from $18.8 billion in 2019-20 to $31.7 billion in 2023-24. The rails exist, they are regulated, and they are being used at scale.

What this means if you are not a family office

Here is the part I care about, because it is the part I am building.

For decades, a globally diversified portfolio was infrastructure only the very rich could afford. You needed advisors on two continents, legal structures, minimum ticket sizes that ran into millions of dollars. A family office was the price of admission.

That price is collapsing. Fractional ownership, structured as securities, lets an individual investor hold a share of an income-producing US commercial asset instead of needing to buy the whole building. The same structural logic the family offices follow, available at a fraction of the ticket.

This is exactly what we built Raveum to do, and I want to be precise about how, because precision is the whole game in this business. We run two channels and only two. Indian investors come in through the LRS route, FEMA-compliant, under SEC Regulation S. US accredited investors come in under SEC Regulation D 506(c), verified. There is no third door, and there will not be one. Fractional does not mean casual.

The honest version

Global allocation is not a free lunch, and anyone who frames it that way is selling something.

Dollar assets carry their own risks: US property cycles, interest rates, taxes on both sides of the corridor, currency moving against you in any given year. Fractional structures have their own diligence questions: who holds title, what happens if the platform disappears, how exit works. Ask those questions of every platform, including mine. Capital is at risk in any investment, and nothing here is investment advice.

And global does not mean anti-India. The family offices making these allocations are the same families building businesses here. They are not leaving. They are refusing to let their entire net worth depend on one market, one currency, one set of outcomes.

The takeaway: the wealthiest, best-advised families in India have already voted with their capital. Global allocation went from exotic to standard practice at the top. The next chapter is that decision becoming available without the family office price tag. That is the future of capital markets I am betting on.

The infrastructure of wealth is going global. Is your thinking?