HNIs are looking at international diversification: Abhijit Bhave of Karvy

The wealthy, Bhave says, have evolved a lot in the past two - three years, especially in terms of making learned decisions and considering the costs involved in the investments

ABHIJIT BHAVE, chief executive officer of Karvy Private Wealth talks to Puneet Wadhwa on the key trends in the wealth management business in India and the road ahead for the industry. Edited excerpts:

Do you think the wealth management segment is getting overcrowded and the margins will get thinner going ahead?

India is on the growth trajectory where projections of a $10 trillion economy over eight years are being made. This leads to a lot of potential for wealth management companies to grow and the sector will not get saturated anytime soon. In the short-term, there may seem to be some overcrowding