SBI Funds Management Limited – Investor Presentation Summary

Key Operational Highlights

  • Total QAAUM stood at ₹29,136 billion as of June 30, 2026, compared to ₹27,230 billion in June 2025
  • Mutual Fund QAAUM reached ₹12,609 billion, up 11% YoY from ₹11,401 billion
  • Passive QAAUM increased to ₹4,032 billion, up 12% YoY from ₹3,615 billion
  • Active MF QAAUM stood at ₹8,577 billion, up 10% YoY from ₹7,786 billion
  • PMS and Advisory QAAUM reached ₹16,453 billion
  • AIF QAAUM grew to ₹68 billion, up 29% YoY from ₹53 billion
  • Unique investors reached 18 million as of June 30, 2026, up from 16 million YoY
  • MF SIP triggered monthly flow stood at ₹40 billion with 17 million monthly transactions

Key drivers of operational performance:

Strong flows across equity and passive strategies, continued SIP momentum, expanding retail participation, and investments in technology and digital infrastructure

Segment-wise Performance

  • Equity oriented QAAUM: ₹5,898 billion (compared to ₹5,244 billion YoY)
  • Fixed Income QAAUM: ₹1,611 billion (compared to ₹1,608 billion YoY)
  • Liquid QAAUM: ₹1,067 billion (compared to ₹935 billion YoY)
  • Passives QAAUM: ₹4,032 billion (compared to ₹3,615 billion YoY)

Explanation of significant changes in segment performance:

Equity oriented AUM growth driven by strong retail participation and SIP flows; Passive AUM growth supported by market demand for index-based products

Financial Highlights

Revenue: ₹11,487 million

EBITDA: Not explicitly disclosed in presentation

PAT: ₹8,728 million

EPS: Not explicitly disclosed in presentation

Margins

Operating margin: 0.29%

Operating margin (excluding passives): 0.39%

RoE: 55.06%

YoY/QoQ comparison:

Revenue from operations increased 15% YoY (₹11,487 million vs ₹9,974 million)

PAT increased 3% YoY (₹8,728 million vs ₹8,450 million)

Operating Profit increased 17% YoY (₹9,068 million vs ₹7,735 million)

Drivers of financial performance:

Higher asset management fees due to AUM growth, operational efficiency improvements

Key Risks:

Not explicitly disclosed in the presentation

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not explicitly disclosed in the presentation

Balance Sheet Snapshot

Net Debt/Equity: Not explicitly disclosed in the presentation

Reserves: Not explicitly disclosed in the presentation

Current Assets/Liabilities: Not explicitly disclosed in the presentation

Financial Health Insights:

Strong profitability with RoE of 55.06%; Robust cash flow generation from asset management operations

Capex & Cash Flow Health

Capital Expenditure: Not explicitly disclosed in the presentation

Free Cash Flow: Not explicitly disclosed in the presentation

Operating Cash Flow: Not explicitly disclosed in the presentation

Investment Rationale:

Focus on technology and digital infrastructure, capacity expansion in alternative investment products

Strategic & R&D Initiatives

Investments in Innovation: AI and ML capabilities across research, risk management, security, customer service, marketing, and automation; Digital platforms including InvesTap, Website, Mitra, Partner

Expected impact on growth:

Digital transactions represent 94% of all investor transactions; 10% of fresh SIP registrations through InvesTap

Strategic Rationale:

Expanding into high-growth alternative investment segments (PMS, AIF); Enhancing digital customer experience; Leveraging SBI's extensive distribution network

Industry Trends & Business Environment

Macro/Industry Trends: Growing retail participation in mutual funds; Increasing adoption of passive investment strategies; Digital transformation in financial services

Impact on Company:

Strong AUM growth across equity and passive segments; Increased digital transaction volumes; Expansion of customer base

Management Commentary & Growth Outlook

Strategic Outlook: Focus on deepening retail penetration in B-30 cities, building on digital strengths, expansion of product set and investment solutions, capitalizing on international opportunities through Amundi partnership

FY Guidance:

Not explicitly disclosed in the presentation

Market Share Targets:

Current market shares: Mutual Funds 15.1%, Active MF 12.5%, Passives 27.4%, PMS and Advisory 17.6% CAGR from FY21 to FY26

Risks and Opportunities:

Not explicitly disclosed in the presentation

ESG Updates

CSR initiatives impacting 2.8 million lives across 143 projects in FY2025-26, focusing on education, healthcare, livelihood, and environmental sustainability

Digital Transformation

  • 4.1 million InvesTap registered users
  • 94% transactions through digital channels
  • 49,265 active Partner App and Portal users
  • 1.3 million transactions processed monthly
  • 32,289 active Mitra users
  • AI implementation across risk surveillance, compliance, research efficiency, and customer engagement