# India’s family office riddle

> India’s family offices face regulatory gaps as capital flows shift.
- Title: India’s family office riddle · Financialexpress | Shortify
- Summary: India’s family offices face regulatory gaps as capital flows shift. India’s family offices lack clear regulations, risking capital outflows while global hubs…
- Keywords: india, family office, rbi, lrs, fif, wealth transfer, regulation, family trusts, securities market, investment funds, business, money
- Source: Financialexpress — https://financialexpress.com/opinion/indias-family-office-riddle/4362593
- Author: FE Bureau
- Published: 2026-10-15T18:13:33+00:00
- Read time: 1 min
- Topics: india, family office, rbi, lrs, fif, wealth transfer, regulation, family trusts, securities market, investment funds, business, money
## Family capital shifts
Nearly $29 billion was remitted from India under the Liberalised Remittance Scheme in 2025-26.
## Regulatory gap
India lacks clear family office regulations unlike global hubs, risking capital outflows and missed growth opportunities.
## Family office growth
India’s family offices grew from 45 in 2018 to nearly 300 by 2024, managing $30 billion.
## FIF approval freeze
Premji Invest and Catamaran submitted FIF applications in 2023 but approvals halted by August 2024.
## Regulatory asymmetry
India’s rules focus on family office exits, not entries, with no registration category for family offices.
## Global comparisons
The US, Singapore, Hong Kong, and Dubai have defined family office rules with tax incentives and streamlined processes.
## India’s proposed steps
Define, certify, privilege, and provide a vehicle for family offices to meet regulatory needs.
## Expected benefits
Capital retention, patient money, onshore risk capital, and succession anchored in Indian markets.
## Sundaram projections
Family-office assets could rise 50% to $45 billion in three years.
## The choice
India must decide which jurisdiction’s rules will compound family wealth growth.
## Key takeaway

India’s family offices lack clear regulations, risking capital outflows while global hubs define rules for family wealth management.