A quiet transformation is reshaping how Indians manage money.

For generations, wealth meant gold, property and fixed deposits. Today, it increasingly means mutual funds, portfolio management services (PMS) and alternate investments.

India’s household wealth now exceeds Rs 600 trillion and a growing share of it is flowing into financial products.

That migration has created a new kind of financial powerhouse.

Not banks, not brokers, but wealth managers.

Their job is to guide, advise and grow the fortunes of India’s affluent class.

Two firms stand out in this long-term shift: 360 One WAM and Nuvama Wealth Management.

1. 360 One WAM

360 One Wealth Asset Management (WAM) , earlier known as IIFL Wealth, is India’s largest listed wealth and alternates management platform.

It oversees Rs

See Full Page