KOCHI:
Karvy Private Wealth, the wealth management arm of Karvy Group, is poised to increase its footprint in Kerala and cater to the HNI, UHNIs and NRIs with a wide range of products that will suit their investment needs.
Kerala is the number one state in India when it comes to inward remittance; 19% in FY19.To tap the potential of Kerala, Karvy Private Wealth currently has 3 branches in Kochi, Trivandrum & Calicut and plans to start 2 more by the end of FY 2019-20. For the NRIs based out of UAE they offer wealth management solutions through their Dubai and Abu Dhabi branches where they can manage both India and offshore investments at one place. Karvy Private Wealth offers the largest basket of products suited for every client basis their risk profile. With more than 50 product classes across different asset classes, Karvy Private Wealth aims to become the top wealth management firm in Kerala.
Commenting on the expansion plan, Abhijit Bhave, CEO, Karvy Private Wealth stated, “Kerala is a very crucial market for us and we are set to cater to the needs of HNI, UHNI and NRI investors there. What will give our investors an added advantage, is both our Indian and UAE presence, which means we will always be at an approachable distance for all their wealth management needs. With a team of over 12 Private Wealth Managers in Kerala and 32 plus across Dubai and Abu Dhabi we are ready to cater to both domestic and international investment needs of the Kerala investors.”
Karvy Private Wealth has a presence across 29 cities in India and the Middle East, with core expertise of managing of high net worth individuals. The strength to manage client’s money globally with a local presence makes the entity unique and helps it build client portfolio both in USD and INR to cater to both the resident and non resident Indians. It is this proficiency that Karvy Private Wealth aims to cater to the emerging investment needs of people in Kerala with varied foreign and domestic investment propositions.
