At Moneycontrol’s Private Wealth Roundtable, Yatin Shah, Co-Founder, 360 ONE and CEO, 360 ONE Wealth, highlights the key strategic market shifts that are shaping the architecture of Indian wealth. The Roundtable also explores how ultra-HNIs are thinking about diversification, emerging markets, and the next phase of India’s equity story.

Here are the key takeaways:

• With earnings expected to pick up, wealth managers are moving from Neutral to Slightly Overweight on equities.
• Domestic capital provided the critical cushion to the recent market pause, and now the focus is on earnings revival to drive sustained growth.
• Fixed income's new job is a “safety pool, not a percentage allocation anymore.”
• HNIs have the keys to everything: Private Credit, Pre-IPO, VC, Structured Notes. But access does not equal suitability. "We keep reminding clients that liquidity, tenure, and governance matter as much as returns."
• Global Trends: The strategic shift to GIFT City is a key component of a broader, proactive portfolio rebalancing strategy aimed at global diversification.
• The market has been in a holding pattern, waiting for the earnings engine to rev up. The emergence of domestic capital as the structural safety net has fundamentally changed the risk equation. The key now is selective overweighting based on quality and expected trajectory.