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Bengaluru, 21 July, 2025: Ionic Wealth, a tech-led wealth management firm backed by Angel One, crossed ₹50.7 billion in total Assets Under Management (AUM) in Q1 FY 26. This growth continues to be anchored by the UHNI segment while the WealthTech (human & technology) is revealing green shoots for the 1 – 25 crore HNI segment. Ionic’s portfolio-over-product approach and fractionalized access model is reshaping how India’s underserved HNIs access opportunities once reserved for the ultra-wealthy.
Ionic is advancing its omnichannel strategy with the launch of Ionic Agent—a proprietary intelligence platform that empowers wealth managers to construct portfolios in real-time. It serves as product assistant, providing insights on planning, funds, or markets, by eliminating human biases and manual effort. Multiple AI agents form the data source of this intelligence platform:
- Mutual Fund Agent is a domain-trained assistant that can address a wide range of questions about mutual funds.
- The Financial Intel Agent assists wealth managers in providing goal-based financial insights that adapt to life stages, income levels and liquidity needs of clients.
| AUM* | ₹50.7 Bn AUM – Comprising of Active assets (₹43.4 Bn) & Custody assets (₹7.3 Bn). AUM increased by 33.6% QoQ to ₹ 50.7 Bn as of June 2025 |
| Clients | 1000+ across the country via relationship managers, website & mobile app |
| Team | 184 including relationship managers, product & tech specialists |
| Footprint | 9 cities – Mumbai, Delhi, Gurgaon, Chennai, Bengaluru, Ahmedabad, Baroda, Kolkata & Pune |
| Licenses* | 6 Regulatory licenses – ARN, PMS, RIA, RA Domestic AIF & GIFT CITY FME |
*References to AUM and regulatory licenses are presented at a consolidated level for Ionic Wealth and its affiliated entities.
Shobhit Mathur, Co-founder, Ionic Wealth, said, “We’re not just ramping up tech capabilities—we’re building an omni-channel proposition that marries deep domain knowledge with responsive intelligence. And as the industry looks for a blueprint to navigate this new era, we see the real impact: tools that make wealth management more accessible and transparent, and relationships powered by insight.”
India’s wealth landscape is experiencing a shift, driven not only by increasing assets but also by the surge in emerging high-net-worth individuals (HNIs), a segment expected to reach 1.67 million by 2027. These affluent investors are now exploring a wide array of investment options, ranging from traditional instruments to sophisticated wealth management solutions. Historically, such services were reserved for the ultra-wealthy, largely due to limited awareness and the high costs associated with personalized service from relationship managers and private bankers. To address the rising demand, Ionic Wealth is rapidly expanding its reach, with a team of 184 professionals serving over 1,000 HNI and UHNI clients across nine cities. Ionic Wealth along with its affiliates have secured six regulatory licenses, including ARN, PMS, RIA, RA, Domestic AIF, and GIFT City FME.
