Godrej Wealth steps up expansion, plans to enter AMC business next year

•Godrej Wealth plans to enter the asset management business next year, filing for a mutual fund licence in the coming months.

•The move aims to complement Godrej Wealth's existing open-architecture wealth management platform, offering affluent clients various investment options.

•Godrej Wealth targets Rs 3,000 crore in assets under management by the end of the current financial year, with a long-term goal of Rs 1 lakh crore by 2031.

•The company will expand to six more cities, including Pune, Hyderabad, and Bengaluru, in the coming quarters.