Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

SBI Funds Management Limited, investment manager to SBI Mutual Fund (incorporated 1992), is India's largest AMC by AUM (~₹12.5 trillion as of Mar 2026). Joint venture between State Bank of India (61.98%) and Amundi Asset Management/Amundi India Holding (36.40%). Revenue ₹4,236.15 Cr (FY25) vs ₹3,426.08 Cr (FY24); PAT ₹2,540.15 Cr (FY25) vs ₹2,072.79 Cr (FY24). IPO is entirely an Offer for Sale of 20,37,09,239 equity shares. Final subscription 41.66x overall - QIB 140.11x, HNI 22.51x, Retail 3.60x, Shareholder 9.52x. Listed Jul 21, 2026 at Rs 613.30, up 6.8%.