A lot of family offices currently haven't seen a bear cycle: Sharrp Venture's Abishek Laxminarayan
Moneycontrol GWS 2025: The notion of risk is defined differently by family businesses. Every family office is very idiosyncratic in their approach, says Laxminarayan
Global Wealth Summit
Sharp Ventures Strategic Advisor Abishek Laxminarayan said a lot of family offices currently in India haven’t yet seen a bear cycle. While speaking at the Moneycontrol Global Wealth Summit 2025, Laxminarayan added that he hopes India sees a boom of family offices.
“The notion of risk is defined differently by family businesses. Every family office is very idiosyncratic in their approach. The notion of risk is also viewed differently by different generation of family offices,” he said.
He further said that the family offices have a lot of great advantages. They have the ability to have long term horizons for returns and risk.
Greenstone Co-founder & Managing Partner, Rahul Goswami, during the panel discussion with Laxminarayan, added that family offices need to become more sophisticated and mature to approach asset allocation.
“The skillset required to create wealth in the first place may not be transferable into managing wealth and investment allocation,” he said.
Uday Kotak had recently said that the young business heirs are trying to “take the easy way out”, especially in the post-pandemic world. “If someone has sold a business, they should be thinking about starting, buying, or building another business. Instead, I see many young people saying, ‘I’m running my family office.’ They should be creating real-world businesses. Why not start from scratch?” he said last month.
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