The Uncomfortable Truth about your Wealth Management | Manu Awasthy(Centricity WealthTech)

Episode notes

Manu Awasthy spent over two decades managing wealth for India's ultra-rich at Citibank, IIFL Wealth, and 360 ONE before founding Centricity WealthTech in 2022. In under three years, he has built one of India's fastest-growing wealth management platforms, crossing ₹10,000 crore in AUM, onboarding 17,000 financial advisors across 70 cities, and raising a $20 million seed round led by Lightspeed at a $125 million valuation. In this episode, Manu breaks down why India's wealth management industry is 20 years behind e-commerce, how most PMS and AIF products fail to beat a simple index fund, and why the laziest investors consistently win. He reveals the three levels of conflict of interest hiding inside India's most prestigious wealth firms, the structural reason why every wealth manager eventually becomes an asset manager, and why he has deliberately chosen not to. He shares Centricity's contrarian B2B2C model, his risk-first founder philosophy, and his bold vision for a single-window investment platform for India's global diaspora. He shared the full story in this candid, no-holds-barred conversation with host Akshay Datt.

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