About Company

•  Incorporated in 1992, the SBI Funds Management Ltd received SEBI approval to act as the asset manager to SBI Mutual Fund in 1993. It became a joint venture in 2004 following the acquisition of a 37% stake by Société Générale Asset Management S.A. In 2011, Amundi India Holding acquired Société Générale Asset Management S.A.’s shareholding and continued the partnership as a joint venture.
• q The company is the largest asset management company in India by quarterly average mutual fund assets under management, with QAAUM of ? 12,509.98 billion and a mutual fund market share of 15.3% as of March 31, 2026, a position it has consistently held since March 2021.
• q The company is India’s oldest AMC, acting as the investment manager to SBI Mutual Fund, which commenced operations in June 1987 as the first mutual fund entity outside the Unit Trust of India.
• q The company’s total QAAUM has grown at a CAGR of 14.22% between March 31, 2024, and March 31, 2026, while its mutual fund QAAUM has grown at a CAGR of 16.97% during the same period
• q The Company has a mutual fund investor base of 18.00 million unique investors as of March 31, 2026. Its mutual fund portfolio comprises 128 schemes across equity and equity-oriented, debt, arbitrage, ETFs, index funds, overseas fund-of-funds, and liquid and overnight schemes.
• q The company maintains an international distribution presence in the Middle East and leverage SBI and Amundi’s global networks to serve customers across key international markets.
• q The company is a leader in Systematic Investment Plans (“SIPs”) in India by number of live SIP accounts, with 16.21 million live SIPs representing a market share of 11.4% as of March 31, 2026.
• q The company is India’s largest portfolio management services provider by PMS and advisory assets under management, with a 39.7% market share in the PMS segment, and one of India’s largest Specialized Investment Fund platforms, with an AUM of ?29.95 billion representing a 28.2% market share of the SIF segment as of March 31, 2026
• q The Company has the lowest operating expense ratio among the top 10 AMCs in India, with operating expenses as a percentage of QAAUM of 0.08% for Fiscal 2025, compared to a range of 0.10% to 0.19% among the remaining top 10 AMCs for the same period.
• q The Company’s revenue from operations grew at a CAGR of 27.73% from ?2,690.56 crore in Fiscal 2024 to ?4,389.49 crore in Fiscal 2026, driven by growth in asset management fees..

Strengths

Competitive Strength 

• Largest asset management company in India in terms of mutual fund assets under management, benefitting from strong operating leverage driven by scale and growth
• India’s largest portfolio management services provider by PMS and advisory assets under management, with a 39.7% market share in the PMS segment, and one of India’s largest Specialized Investment Fund platforms, with an AUM of ?29.95 billion representing a 28.2% market share of the SIF segment as of March 31, 2026
• Market-leading SIP franchise with a 16.09% market share by live SIP count and strong investor stickiness
• Dual Parentage - Integration of State Bank of India’s domestic franchise with Amundi’s global expertise
• Process-driven investment framework with demonstrated track record of product innovation and consistent investment performance.
• Well-diversified, Pan-India multi-channel distribution infrastructure
• Robust technology infrastructure and data-driven investor engagement
• Disciplined governance and risk management underpinning long-term stewardship

Business Strategies 

• Deepen retail penetration in underserved markets by leveraging wide distribution network
• Strengthen digital capabilities to enhance investor engagement and operational productivity
• Expansion of product offerings and investment solutions
• Capture international opportunities through structurally advantaged global positioning

Company Promoters

Company Financials

SBI Funds Management Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 21% between the financial year ending with March 31, 2026 and March 31, 2025.

Objects of the Issue