9 in 10 Indian Families Seek Offshore Diversification as 10%-15% Allocation Caps Hit Regulation
Updated
Updated · Hubbis · Aug 26
9 in 10 Indian Families Seek Offshore Diversification as 10%-15% Allocation Caps Hit Regulation
1 articles · Updated · Hubbis · Aug 26
Summary
Nine out of 10 Indian family offices now want offshore diversification, up from roughly three to five out of 10 a few years ago, JM Financial's Anuj Kapoor said at the Hubbis India Wealth Management Forum 2026.
Kapoor called the shift structural rather than a rupee trade, arguing softer currency and two weak years for Indian equities accelerated demand, but global product depth and access to themes like AI and semiconductors are the lasting draw.
Regulation remains the main constraint: advisers had historically guided clients to put 10%-15% of wealth overseas largely because existing rules, including the Liberalised Remittance Scheme, limit how much can be deployed abroad.
GIFT City is still maturing, Kapoor said, and has worked better as a channel for inflows into India than for outbound wealth deployment; he expects its regulatory regime to stabilize over the next two to three years.
Even if the rupee stabilizes and Indian markets recover, Kapoor said offshore demand should persist, though the focus may rotate from the US and AI to markets such as Japan, Korea or Europe.