Ganesh Mohan, managing director of Bajaj Asset Management, said a 10% shift in investment allocation could affect $1.5 trillion in Indian household wealth, The Economic Times reported.
The Economic Times reported that Mohan gave the estimate at ET Wealth Expo 2026, which took place in Mumbai; the event program identifies him as Bajaj Asset Management’s managing director. He put Indian household wealth at ₹1,400 lakh crore, or about $15 trillion, and said that if roughly 10% changed investment allocation over the coming years, the affected pool could reach $1.5 trillion. The scenario concerns where wealth might be invested, not a measured total of assets already passed to heirs.
Data from the Securities and Exchange Board of India (SEBI) offer a separate view of household finances. Physical assets accounted for 67% of household savings in fiscal 2024-25, while net financial savings made up 33%, compared with 72% and 28%, respectively, in fiscal 2023-24. These figures are annual savings flows, so they do not show how existing wealth is distributed or passed between generations.
The Government of India’s Economic Survey, citing Reserve Bank of India data, found that equities and investment funds’ share of household financial assets rose to 23% in March 2025, from 15.7% in March 2019. That measure concerns the composition of financial assets, not total household wealth. Read alongside SEBI’s savings series, it shows financial instruments gaining weight in household finances, but neither series measures an inheritance.
Mohan’s premise is that younger recipients may choose financial assets, including equities and mutual funds, as wealth changes hands. The Economic Times reported that he sees this as a reason for asset managers to adjust products and client relationships for younger investors. These are his expectations about how households and financial firms may respond; the official data above describe current savings and portfolio shares, not recipients’ future choices.
