The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
Asia Private Banking Awards

Best for discretionary portfolio management in India 2022

Centrum Wealth

Anil Sarin, Centrum Wealth.jpg
Anil Sarin, Centrum Wealth

Having its roots in a financial company with a conservative profile paid off for Centrum Wealth Management in 2021.

While the firm thrives on the entrepreneurial energy coursing through India, there’s a stick-to-the-basics code that works especially well when the global economy goes awry, says Arpita Vinay, managing director and co-head of Centrum Wealth.

This means Centrum Wealth’s commitment to institutionalized processes, checks-and-balances and de-risking held its business in good stead in the past year.

In 2021, overall assets under management rose a robust 48%, year on year. Centrum Wealth claims to have recorded one of the highest annualized insurance premium take-ups in the industry last year.

The firm’s strong focus on building annuity income also paid off. Mutual fund-based annuity revenue was up 65%, year on year, while annuity income overall surged 75%.

It was a similar story elsewhere too. Centrum Wealth’s asset management business showed a solid performance. Discretionary portfolio management services revenue grew 2.4 times, and the equity advisory business nearly doubled in revenue with a 75% AUM increase.

The impressive numbers of the wealth arm are in large part thanks to the broader Centrum Group’s journey these last two-plus decades.

Set

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree