Even as retail participation surges and In this edition of ETMarkets Smart Talk, Backed by two decades of market experience and historical data, Tyagi highlights that barely 16% of Kshitij Anand: To start with, I would like to begin with the big event that took place — Budget 2026. How do you see the Budget in terms of what the government could have done? We saw a knee-jerk reaction on Budget day, with the Sensex dropping 1,500 points. Were markets expecting more, and did the government under-deliver? What ...

Core Viewpoint - State Bank of India (SBI) anticipates its wealth management assets under management (AUM) to increase nearly fivefold to ₹15 lakh crore by 2030 from ₹2.83 lakh crore as of March 2025, driven by the growing financialisation of savings [1]. Group 1: Current AUM and Components - SBI's wealth management service currently has an AUM of approximately ₹4 lakh crore, which consists of a deposit component (fixed deposits and CASA) and an investment component [2]. - The investment component of SBI's overall AUM is currently low and primarily deposit-driven [2]. Group 2: Future Projections and Breakdown - Of the projected ₹15 lakh crore AUM, around ₹4 lakh crore is expected to come from the investment side [3]. - SBI provides wealth management services to affluent customers through various products, including mutual funds, insurance, portfolio management services, bonds, and Alternative Investment Funds, tailored to individual risk profiles [3]. Group 3: Support Structure - The wealth management business is supported by 1,068 Relationship Managers and a tiered Relationship Manager structure, as per the bank's latest annual report [4].