WEALTH

What Wealth First Portfolio Managers promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 10 tracked 2 delivered 1 missed 7 open
  • Treasury Income Volatility delivered said Q4 FY25 Promised: Most of the time, our endeavor is that by year-end, this volatility of this income will not be there. Q4 FY26: Management confirmed the equity trading book, the primary source of volatility, has been reduced to zero as of FY26 end.
  • RM Pool Expansion went quiet said Q4 FY25 Promised: And another 15 will be added to the pool within two years. Q4 FY26: No update provided on the number of RMs added to the core wealth management pool. The focus was on hiring for the new insurance vertical.
  • AUA Growth at risk said Q4 FY25 Promised: our AUM should grow at least double in three years. Q4 FY26: AUA grew only 4.6% YoY to INR 12,157 crores. This is significantly below the ~26% CAGR required to double AUM in 3 years from the FY25 base of INR 11,623 crores.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 10 tracked commitments for Wealth First Portfolio Managers — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

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