“Emkay Global initiated coverage on SBI Funds Management with a 'Buy' rating and a price target of ₹750 per share, implying a 31% upside from the IPO price of ₹574. The bullish outlook is driven by SBI's strong brand and distribution network, expected shift towards higher-yielding equity and alternative investment products, and operating leverage leading to a 17% EBITDA CAGR between FY26-FY29. Key risks include market share loss within SBI's network, scheme underperformance, equity market weakness, and adverse regulatory changes.”

Emkay Global Financial Services Analysis’s track record (trackable calls only): 3 graded calls · 95% CI 0–56%