A D Naik Wealth: The Journey

My dad, Mr. Ashok Naik, started A D Naik Wealth. Little did we know that this endeavour would become a testament to his legacy and impact the lives of countless individuals. Unfortunately, fate had other plans, and my father’s untimely departure left a void that seemed impassable.

While thinking about what to do next—whether to continue with the existing business or how to grow from here? Or do something else.

While trying to figure out what to do next, I met one of my dad’s clients at the salon. He asked me about dad. I told him what had happened. After which he was shocked, and while speaking to him, I could see the genuine sadness. While I was leaving the salon, he surprised me by saying, “I still want to invest with you.” That made me realise how much my dad touched people’s lives.

This incident gave me clarity that I should continue with the business and grow the legacy that my dad had created.

Over the years, I have worked with many clients, and our humble beginnings had a lot of challenges, which I overcame with the help of my team.

As the years went by, the scale of the business kept on increasing, and over the years, I have enjoyed working with my clients.

I have witnessed the changes that have occurred in the mutual fund industry in India. When I joined this business, the industry’s total AUM stood at a humble ₹ 90,587 crore. Today, as we stand on the cusp of a new era, the AUM has burgeoned to an impressive ₹ 50 lakh crore, a testament to the robust growth of the industry.

The best part? The story of India keeps getting bigger and better, and I believe the mutual fund industry will be one of the beneficiaries of this development.

I have a team of 77 amazing people who know a lot about this work—together, they have close to 1000 years of collective experience!

My team and I work with over 5,360 families spread across 217 cities in India and around 25 countries across the world. As I reflect on the past, I am filled with optimism for the future. A D Naik Wealth is not just another institution; it is a narrative of resilience, growth, and a commitment to shaping the financial destinies of those we serve.