<?xml version="1.0" encoding="UTF-8" standalone="no"?><!--OBM V1.0 (01-01-2026)--><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2024-05-31/in-capmkt" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Announcements_Pertaining_To_Outcome_Of_Board_Meeting/2024-05-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-types="https://www.sebi.gov.in/xbrl/2024-05-31/in-capmkt-types" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.w3.org/1999/xlink" xmlns:xlink="http://www.w3.org/1999/xlink"><link:schemaRef xlink:href="in-capmkt-ent-2024-05-31.xsd" xlink:type="simple"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543415</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-04-09</xbrli:startDate><xbrli:endDate>2026-04-09</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543415</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-04-09</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="DividendD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543415</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-04-09</xbrli:startDate><xbrli:endDate>2026-04-09</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="DividendI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543415</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-04-09</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="BonussharesD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543415</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-04-09</xbrli:startDate><xbrli:endDate>2026-04-09</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="BonussharesI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">543415</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-04-09</xbrli:instant></xbrli:period></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:unit id="INRPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit><in-capmkt:NSESymbol contextRef="MainI">ANANDRATHI</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">ANAND RATHI WEALTH LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:TypeOfAnnouncementOfBoardMeeting contextRef="MainD">New</in-capmkt:TypeOfAnnouncementOfBoardMeeting><in-capmkt:FirstEventOfBoardMeeting contextRef="MainD">Bonus Shares</in-capmkt:FirstEventOfBoardMeeting><in-capmkt:SecondEventOfBoardMeeting contextRef="MainD">Dividend</in-capmkt:SecondEventOfBoardMeeting><in-capmkt:DateOfReport contextRef="MainI">2026-04-09</in-capmkt:DateOfReport><in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange contextRef="DividendI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange><in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2026-03-30</in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2026-04-09</in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">11:15:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">12:05:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:WhetherDeclarationOfInterimDividendOrRecommendationOfFinalDividendApprovedByTheBoard contextRef="DividendD">Yes</in-capmkt:WhetherDeclarationOfInterimDividendOrRecommendationOfFinalDividendApprovedByTheBoard><in-capmkt:FirstTypeOfDividend contextRef="DividendD">Final</in-capmkt:FirstTypeOfDividend><in-capmkt:RateOfFinalDividendRecommendedPerEquityShare contextRef="DividendI">7</in-capmkt:RateOfFinalDividendRecommendedPerEquityShare><in-capmkt:WhetherRecordDateOrBookClosureBeenFixedForFinalDividend contextRef="DividendI">false</in-capmkt:WhetherRecordDateOrBookClosureBeenFixedForFinalDividend><in-capmkt:NotesForRecordDateOrBookClosureHasNotBeenFixed contextRef="DividendI">Record Date will be fixed in due course</in-capmkt:NotesForRecordDateOrBookClosureHasNotBeenFixed><in-capmkt:WhetherDateOfGeneralMeetingIsFixedForThePurposeOfFinalDividend contextRef="DividendI">false</in-capmkt:WhetherDateOfGeneralMeetingIsFixedForThePurposeOfFinalDividend><in-capmkt:NotesForDateOfGeneralMeetingIsNotFixedForThePurposeOfFinalDividend contextRef="DividendI">Date of AGM will be fixed in due course</in-capmkt:NotesForDateOfGeneralMeetingIsNotFixedForThePurposeOfFinalDividend><in-capmkt:TypesOfShares contextRef="BonussharesD">Equity</in-capmkt:TypesOfShares><in-capmkt:DateOfBoardMeetingWhereBonusRecommended contextRef="BonussharesI">2026-04-09</in-capmkt:DateOfBoardMeetingWhereBonusRecommended><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesD">11:15:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfBonus><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesD">12:05:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfBonus><in-capmkt:WhetherPriorIntimationOfBoardMeetingForRecommendingBonusFiledWithTheExchange contextRef="BonussharesI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingForRecommendingBonusFiledWithTheExchange><in-capmkt:DateOfPriorIntimationOfBoardMeetingForAnnouncementOfBonus contextRef="BonussharesI">2026-04-06</in-capmkt:DateOfPriorIntimationOfBoardMeetingForAnnouncementOfBonus><in-capmkt:WhetherBonusRecommendedByTheBoard contextRef="BonussharesD">Yes</in-capmkt:WhetherBonusRecommendedByTheBoard><in-capmkt:WhetherAnyRecordDateOrBookClosureDateIntimatedEarlierForBonus contextRef="BonussharesI">false</in-capmkt:WhetherAnyRecordDateOrBookClosureDateIntimatedEarlierForBonus><in-capmkt:WhetherRecordDateOrBookClosureDateIsFixedByTheCompanyForBonus contextRef="BonussharesI">false</in-capmkt:WhetherRecordDateOrBookClosureDateIsFixedByTheCompanyForBonus><in-capmkt:WhetherDateOfAGMOrEGMOrPostalBallotIsFixedByTheCompanyForBonus contextRef="BonussharesI">false</in-capmkt:WhetherDateOfAGMOrEGMOrPostalBallotIsFixedByTheCompanyForBonus><in-capmkt:WhetherBonusIsOutOfFreeReservesCreatedOutOfProfitsOrSharePremiumAccount contextRef="BonussharesD">Free Reserves</in-capmkt:WhetherBonusIsOutOfFreeReservesCreatedOutOfProfitsOrSharePremiumAccount><in-capmkt:BonusRatio contextRef="BonussharesI">1:1</in-capmkt:BonusRatio><in-capmkt:FreeReservesAndOrSharePremiumRequiredForImplementingTheBonusIssue contextRef="BonussharesI">415103170</in-capmkt:FreeReservesAndOrSharePremiumRequiredForImplementingTheBonusIssue><in-capmkt:FreeReservesAndOrSharePremiumRequiredForCapitalizationAndTheDateAsOnWhichSuchBalanceIsAvailable contextRef="BonussharesI">9502237675</in-capmkt:FreeReservesAndOrSharePremiumRequiredForCapitalizationAndTheDateAsOnWhichSuchBalanceIsAvailable><in-capmkt:WhetherTheAforesaidFiguresAreAudited contextRef="BonussharesI">true</in-capmkt:WhetherTheAforesaidFiguresAreAudited><in-capmkt:EstimatedDateByWhichSuchBonusSharesWouldBeCreditedOrDispatched contextRef="BonussharesI">2026-06-07</in-capmkt:EstimatedDateByWhichSuchBonusSharesWouldBeCreditedOrDispatched><in-capmkt:PaidUpShareCapitalBeforeAllotment contextRef="BonussharesI" decimals="0" unitRef="INR">415103170</in-capmkt:PaidUpShareCapitalBeforeAllotment><in-capmkt:NumberOfPaidUpShareBeforeAllotment contextRef="BonussharesI" decimals="INF" unitRef="shares">83020634</in-capmkt:NumberOfPaidUpShareBeforeAllotment><in-capmkt:ParValueBeforeAllotment contextRef="BonussharesD" decimals="INF" unitRef="INRPerShare">5</in-capmkt:ParValueBeforeAllotment><in-capmkt:PaidUpShareCapitalAfterAllotment contextRef="BonussharesI" decimals="0" unitRef="INR">830206340</in-capmkt:PaidUpShareCapitalAfterAllotment><in-capmkt:NumberOfPaidUpShareAfterAllotment contextRef="BonussharesI" decimals="INF" unitRef="shares">166041268</in-capmkt:NumberOfPaidUpShareAfterAllotment><in-capmkt:ParValueAfterAllotment contextRef="BonussharesD" decimals="INF" unitRef="INRPerShare">5</in-capmkt:ParValueAfterAllotment></xbrli:xbrl>