{"id":23357,"date":"2026-06-12T11:45:52","date_gmt":"2026-06-12T11:45:52","guid":{"rendered":"https:\/\/engineerbabu.com\/blog\/?p=23357"},"modified":"2026-06-15T06:43:06","modified_gmt":"2026-06-15T06:43:06","slug":"wealth-management-software-development","status":"publish","type":"post","link":"https:\/\/engineerbabu.com\/blog\/wealth-management-software-development\/","title":{"rendered":"Wealth Management Software Development"},"content":{"rendered":"

A wealth management firm in Mumbai came to us after 14 months of failed development with two previous vendors.<\/span><\/p>\n

The platform looked clean. Dashboard was beautiful. Portfolio tracking worked for mutual funds. The problem surfaced the moment they tried to onboard their first PMS client.<\/span><\/p>\n

SEBI’s Portfolio Management Services regulations<\/a> (updated 2020) require specific reporting: a client-wise statement every month, a disclosure statement on portfolio composition, and a quarterly performance report with absolute and benchmark returns calculated using the TWRR (Time-Weighted Rate of Return) method. Not IRR. Not XIRR. Specifically TWRR under the SEBI (Portfolio Managers) Regulations, 2020.<\/span><\/p>\n

The platform calculated returns using XIRR. Regulatory non-compliant from day one.<\/span><\/p>\n

The second issue: the onboarding flow had no support for the \u20b950 lakh minimum investment verification required by SEBI, no FATCA\/CRS declaration for NRI clients, and no CKYC lookup. Three separate compliance gaps in the client onboarding workflow alone.<\/span><\/p>\n

I co-founded <\/span>EngineerBabu<\/span><\/a> 14 years ago. The team has built fintech platforms that have processed over \u20b910,000 crore, EarlySalary and multiple financial products for India’s regulated fintech market including Khatabook, Fibe, and TaptapSend.<\/span><\/p>\n

The CTO spent 17 years at Wishfin, India’s largest credit marketplace, where financial regulatory compliance is not optional. Google AI Accelerator 2024, top 20 globally reflects the team’s production AI for financial decisioning.<\/span><\/p>\n

India’s wealth management software market is growing rapidly as the HNI population expands. The number of SEBI-registered Portfolio Managers grew from 361 in FY21 to 493 by mid-2025. Total PMS AUM crossed \u20b938.65 lakh crore as of May 2025. The global wealth management software market is projected to reach $12.7 billion by 2030 at 14% CAGR.<\/span><\/p>\n

The opportunity is real. The compliance requirement is specific. This guide covers both.<\/span><\/p>\n

Email <\/b>mayank@engineerbabu.com<\/b><\/a> for your wealth management platform conversation.<\/b><\/p>\n

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What Wealth Management Software Actually Needs to Do<\/b><\/h2>\n

Wealth management software in India is not one product. It serves different actors with different technology needs:<\/span><\/p>\n