SBI Funds Management (SBI Mutual Fund) SBIFUNDS
India's largest fund house by assets - SBI's joint venture with Amundi, selling through SBI's branch network as well as distributors
Mapped in 1 theme: Capital Markets.
Where SBI Funds Management (SBI Mutual Fund) sits in the supply chain
SBI Funds Management (SBI Mutual Fund) appears in 1 supply-chain layer in one theme, Capital Markets.
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,985 | 2,405 | 3,424 | 4,235 | 4,974 |
| Net profit | 1,082 | 1,340 | 2,073 | 2,540 | 3,067 |
Latest-year revenue ₹4,974 Cr (FY26, company-wide).
Strengths
- Largest AMC by AUM, with SBI's 22,000-plus branches as a captive channel
- Listed on 21 Jul 2026 after an IPO subscribed ~42 times (offer for sale by SBI and Amundi)
- Leads in EPFO-linked ETFs and new SIF launches (Magnum SIF)
Risks
- Large share of low-fee ETF and debt assets lowers its revenue yield
- Depends on SBI's network - a state-bank parent with its own priorities
- Fell below its issue price within weeks of listing
Common questions
What does SBI Funds Management (SBI Mutual Fund) do?
India's largest fund house by assets - SBI's joint venture with Amundi, selling through SBI's branch network as well as distributors.
Where does SBI Funds Management (SBI Mutual Fund) sit in the supply chain?
SBI Funds Management (SBI Mutual Fund) (NSE: SBIFUNDS) is mapped in 1 supply-chain layer: Asset managers (AMCs) (Capital Markets).
Who are SBI Funds Management (SBI Mutual Fund)'s peers?
In the Asset managers (AMCs) layer of Capital Markets: ICICI Prudential Asset Management, HDFC Asset Management, Nippon Life India Asset Management, Aditya Birla Sun Life AMC, UTI Asset Management, Canara Robeco Asset Management and 2 more.
What is SBI Funds Management (SBI Mutual Fund)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹1.02L Cr, P/E 33.7x, ROCE 56.5%, ROE 43.0%, dividend yield 0%.