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SBI Funds Management Limited
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SBI Funds Management Limited (SBIFM) is poised for an initial public offering, as State Bank of India continues to divest its stake in the asset management subsidiary. SBI has already completed pre-IPO sales, divesting 1.42% of SBIFM to 30 investors for ₹1,655 crore, and plans to sell up to 6.3% through the IPO alongside Amundi India Holding. The IPO, priced between ₹545 and ₹574 per share, opens on July 14, 2026, reflecting SBIFM’s contribution of 0.70% to SBI Group’s income and 0.59% to its reserves. While SBIFM’s upcoming listing represents a significant event, SBI Mutual Fund has simultaneously reduced its stake in Happiest Minds Technologies, highlighting ongoing portfolio adjustments within the broader SBI ecosystem.
SBI Funds Appoints Manish Mehta Chief Business Officer
SBI Funds Management appointed Mr. Manish Mehta as Chief Business Officer and identified him as Senior Management Personnel effective August 5, 2026.
The appointment was approved by the Board based on
SBI Funds Management CIN Updated Post NSE/BSE Listing
SBI Funds Management Limited intimates a change in its Corporate Identification Number (CIN) following its equity share listing on NSE and BSE.
The company's CIN was updated from U65990MH1992PLC065289
SBI Funds Management Q1 FY27 Earnings Call Recording
SBI Funds Management disclosed availability of Q1 FY27 earnings call audio recording on company website.
The conference call was held on August 03, 2026 at 7:10 PM IST to discuss June 2026 quarter per
SBI Funds Management Q1 PAT Rises 3% YoY
SBI Funds Management reported Q1 FY27 PAT of ₹8.73 billion, a 3% YoY increase, with revenue from operations up 15% to ₹11.49 billion.
Total QAAUM grew to ₹29.14 trillion, maintaining the company's pos
SBI Funds Management Q1 Net Profit Rises 3.3% YoY
SBI Funds Management reported Q1 FY27 standalone net profit of ₹8,728.06 million, a 3.3% YoY increase from ₹8,450.20 million.
The Board approved a ₹25 crore investment in its wholly-owned subsidiary S