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HomeIPOSBI Mutual Fund

About SBI Mutual Fund

SBI Funds Management Limited established in 1992 that is the biggest AMC in India in terms of AUM. The Company is a manager of the popular SBI Mutual Fund. This AMC is a joint effort by State Bank of India and Amundi. The firm provides a large number of financial instruments to its customers, for instance, equity funds, debt funds, hybrid funds, ETFs, and portfolio management services (PMS). The firm manages about ₹16.32 lakh crore of assets in 2025, and this figure accounts for 15.5% of India’s mutual fund AUM. As of December 31, 2025, the company has more than 16.05 million clients, including both individual and institutional clients.

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Revenue Growth

Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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SBI Mutual Fund

SBI Mutual Fund

Open Date

Jul 14, 2026

Close Date

Jul 16, 2026

listed

Min Investment

₹14,924

Lot Size

26 Shares

Issue Size

₹9795.31 Cr

Price Range

₹545 - ₹545

Listing Date

Jul 21, 2026

IPO Doc

RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹95.5(+17.00%)GMP
16.64%Prediction Listing Gain

Grey Market Premium (GMP) Trend

SBI Mutual Fund IPO - Issue Objectives

The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders. The company want to achieve the benefits of listing its shares on the stock exchanges.

1

Carry out the offer for sale

The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.

2

Listing on stock exchanges

The company want to achieve the benefits of listing its shares on the stock exchanges.

IPO Subscription Status

QIB
140.11x
NII
22.51x
Individual
3.60x
Total
41.66x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of SBI Mutual Fund

In Cr.

Key Performance Indicator31-Dec-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue3,883.244,236.153,426.082,412.58
EBITDA3,186.563,412.942,718.821,810.41
Expenses
Profit After Tax2,432.912,540.152,072.791,339.71
Assets7,824.718,771.867,106.934,984.24
Net Worth8,297.536,747.754,751.38
Reserves-4.89-2.75
Borrowing

SBI Mutual Fund - Promoter(s)

State Bank of India

Amundi India Holding and Amundi Asset Management

Pre Issue Share Holding

N/A

Post Issue Share Holding

N/A

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Largest AMC in India

SBI Fund Management is the largest AMC in India with 15.3% share of the mutual fund industry in terms of QAAUM as on March 31, 2026. Strong operating leverage: SBI Fund Management AMC scale provides the lowest operating expense ratio among the top 10 AMCs at 0.08% of QAAUM in FY26, compared with a range of 0.10%-0.25% for peers.

02

Leading PMS and SIF platform

The company is the largest portfolio management services (PMS) provider in India with 39.7% market share as of March 31, 2026. It also has one of the biggest Specialised Investment Fund (SIF) platforms with a 28.2% share of the SIF segment and AUM of ₹2,995 crore.

03

Strong leadership in SIPs and high customer retention

The company has a strong position in the SIP segment, with 1.62 crore live SIP accounts as of March 31, 2026, which resulted in a 15.5% share of the industry's live SIP accounts and an 11.4% share of total SIP inflows. 1.59 crore of live SIPs have been active for 37 months or more, which shows the long-term nature of relationships.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Scheme concentration

The top 5 and top 10 schemes accounted for 42.5% and 59.4% of mutual fund QAAUM, respectively, as of March 2026. Any adverse developments in these key schemes could disproportionately hit overall AUM and revenue.

02

Impact of new SEBI expense ratio framework

SEBI's new Base Expense Ratio (BER) framework, effective from April 1, 2026, has reduced the maximum total expense ratio (TER) that mutual funds can charge by 10–15 basis points (bps). It has also removed the additional 5 bps expense allowed from exit loads and imposed stricter limits on brokerage expenses. These changes are reducing the management fee income earned by asset management companies.

Contact Details

SBI Mutual Fund

9th Floor, Crescenzo, C–38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051.

+912261793000
companysecretary@sbimf.com
https://www.sbimf.com

Registrar Contact Details

Kfin Technologies Ltd.

04067162222
sbifml.ipo@kfintech.com
https://ipostatus.kfintech.com/

SBI Mutual Fund IPO - FAQs

SBI Mutual Fund IPO is a Mainboard IPO. The issue is priced at 545-₹574. The minimum order quantity is 26 Shares. The IPO opens on 14 Jul, and closes on 16 Jul. Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2026-07-13
  • Bidding Starts2026-07-14
  • Bidding Ends2026-07-16
  • Allotment Finalisation2026-07-17
  • Release of Funds2026-07-20
  • Demat Transfer2026-07-20
  • Listing2026-07-21
04

Strong backing from SBI and Amundi

The company benefits from the combined strengths of its two promoters: SBI and Amundi. SBI offers access to one of India's largest banking and distribution networks, and Amundi contributes global asset management expertise, international best practices, and a diversified investment platform, which is supported by ~€2.4 lakh crore in AUM as of March 31, 2026.

05

Strong presence in B-30 cities

B-30 cities contributed 22.82% of its MAAUM compared with the industry average of 18.2% among the top 10 AMCs as of March 31, 2026. It also holds a 19.2% market share in B-30 assets, higher than its overall mutual fund market share of 15.3%.

03

Rising passive fund investment

The increasing share of passive mutual funds, which now account for 32.42% of the industry's quarterly average assets under management (QAAUM) and charge much lower fees than active funds, is putting further pressure on overall fee income.

04

Passive product growth risk

Continued investor shift toward index funds/ETFs could erode actively managed QAAUM and average revenue yield, forcing the company to compete more on price.

05

Scheme underperformance

8.59% of schemes (₹94,100 crore AUM), up from 3.10% a year earlier, were in the bottom quartile by 3-year returns as of March 2026, which could trigger redemptions and reputational damage if underperformance persists.

06

Contingent liabilities

Contingent liabilities stood at ₹176.2 crore (2.96% of net worth) as of March 2026, including a disputed GST demand of ₹131.9 crore, none of which is provided for in the financials.

07

Investment management agreement termination risk

The investment management agreement between the company and SBI MF Trustees could be terminated upon a notice of 180 days or immediately in case of some breaches happening; the loss of this agreement would eliminate the company's primary revenue source.