Anand Rathi Wealth management discussed AUM growth trajectory, client returns and RM hiring strategy after a quarter with a slight miss on other income

Mon 12 Oct 2026

AUM growth target

25-26 percent

Average client return

12.33 percent

RMs added this period

45 relationship managers

Total relationship managers

430

Home-grown RM share

89 out of last 100

Heard on business television between 10:42:27 - 10:45:27 IST.

• Management said AUM can grow at 25-26% annually, which implies a 10x growth in 10 years.
• Said average client return over last 4.5-5 years since listing has been 12.33%, which forms the base for AUM growth.
• Said growth comes from three sources: existing RM capacity utilization, new RM capacity, and new money from existing clients.
• Said company added 45 relationship managers taking total to about 430, with 89 of last 100 RMs home-grown rather than lateral hires.
• Said 500 current account managers are being trained to become future RMs, avoiding high-cost lateral hiring.
• Quarter was described as a slight miss due to other income and one-offs, but overall a good quarter; stock recovered after Friday's pressure, trading about 1.3% higher.

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