41.63xsubscribed
SBI Mutual Fund
41.63xsubscribed
Finance - Asset Management
listed
41.63xsubscribed
₹14,170Min. investment
SBI Mutual Fund IPO Details
Sector
Finance - Asset Management
Issue size
₹9,813Cr
IPO type
Mainboard
Market cap
₹1,16,913CrHigher than sector avg
Price range
₹545 – ₹574
Listing exchange
BSE, NSE
RevenueApr 2025 - Mar 2026
₹4,389CrHigher than sector avg
Listing date
21 Jul 2026
Lot size
26 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
27.73%Higher than sector avg
SectorFinance - Asset Management
Price range₹545 – ₹574
IPO type
Regular
Lot size26 shares
Issue size₹9,813Cr
Red Herring Prospectus
Read
Market cap
₹1,16,913CrHigher than sector avg
RevenueApr 2025 - Mar 2026
₹4,389CrHigher than sector avg
Growth rate3Y CAGR
27.73%Higher than sector avg
SBI Mutual Fund Subscription Status
As on 14-Jul-26, 5:30 PM
SBI Mutual Fund Timeline
- Pre-apply13 Jul 2026
- Bid start14 Jul 2026
- Bid end16 Jul 2026
- Allotment17 Jul 2026
- Release of funds20 Jul 2026
- Demat transfer20 Jul 2026
- Listing21 Jul 2026
About SBI Mutual Fund
SBI Fund Management is one of the oldest asset management companies (AMCs), incorporated in 1992 and approved by SEBI in 1993 to act as the investment manager for SBI Mutual Fund.
In 2004, the company became a joint venture after Société Générale Asset Management acquired a 37% stake. This stake later came under Amundi India Holding following the 2011 merger of Crédit Agricole and Société Générale's asset management businesses. Currently, State Bank of India (SBI), Amundi India Holding and Amundi Asset Management are promoters of the company.
SBI Funds Management is the largest asset management company (AMC) in India based on quarterly average assets under management (QAAUM). It managed the mutual fund QAAUM of ₹12.51 lakh crore and held a 15.3% share of the Indian mutual fund industry as of March 31, 2026. Its total QAAUM stood at ₹29.46 lakh crore as of March 31, 2026, including its portfolio management services (PMS) and other advisory mandates. The company is also the largest manager of passive funds, including exchange-traded funds (ETFs) and index funds, with a market share of 27.9% and QAAUM of ₹4.06 lakh crore.
As of March 31, 2026, the company served 1.8 crore investors through 128 mutual fund schemes. Its product portfolio includes equity funds, debt funds, arbitrage funds, ETFs, index funds, overseas fund-of-funds, liquid funds and overnight funds.
Apart from mutual funds, it also offers portfolio management services (PMS), advisory mandates, alternative investment funds (AIFs) and specialised investment funds (SIFs). Its international business includes India-focused investment mandates for overseas institutional investors and UCITS funds sponsored by Amundi.
Individual investors (comprising retail and high net worth individuals (HNIs) account for 47.89% of its total mutual fund monthly average assets under management (MAAUM). The company has also built a strong presence in cities outside of the top 30. It had B-30 MAAUM of ₹2.77 lakh crore, which is 22.8% of its total mutual fund MAAUM, indicating its strong presence across tier-2 and tier-3 cities. In February 2025, it launched the Jan Nivesh SIP facility that allows investors to invest with a minimum of ₹250 a day.
SBI Funds Management has one of the largest distribution networks in the industry. It worked with 132,519 institutional and individual mutual fund distributors comprising 122,460 independent financial advisors, 9,964 national distributors and 95 banks, including SBI as of March 31, 2026. It has one of the widest distribution networks in India, reaching 98.19% of the PIN codes in the country. The company has also created a robust digital platform with its InvesTap mobile app. The app had 39.7 lakhs registered users, 33.9 lakhs active users, and 58 lakhs downloads as of March 31, 2026, with an activation rate of 57.17%.
India’s mutual fund industry continues to benefit from a slow shift in household savings. The ratio of assets under management (AUM) of mutual funds to scheduled commercial bank deposits rose to 28.7% in March 2026 from 19.7% in March 2020. Retail participation in mutual funds has been steadily on the rise. Individual investors held 62.8% of the industry’s AUM in March 2026, versus 53.7% in March 2021. SIPs continue to be one of the biggest growth drivers for the mutual fund industry.
As of March 2026, the industry SIP assets were ₹15.1 lakh crore, accounting for over 20% of the total assets of the mutual fund industry. Simultaneously, the number of SIP accounts grew to about 10.45 crore. One of the biggest opportunities for the mutual fund industry still lies in cities beyond the top 30 (B-30), as mutual fund penetration is still low in these markets despite their large population base. The top 10 AMCs have an average of 18.2% of their assets in B-30.
The company continues to be one of the leaders in the SIP segment. As of March 31, 2026, it had 1.62 crore live SIP accounts, accounting for about 15.5% of the industry’s total SIP accounts. The company added 90.1 lakh new SIP accounts in FY26. Of these, 61.4 lakhs or 68% of the SIP accounts were added from B-30 cities. The company is also better situated in B-30 markets than the industry as a whole. It has a market share of 19.2% in B-30 AUM compared with its overall mutual fund market share of 15.3%, indicating its strong presence in smaller cities. This leadership is also reflected in SIPs, with 65.16% of the company’s total SIP accounts coming from B-30 cities as of March 31, 2026.
The company plans to grow its retail investor base further by increasing its footprint in B-30 cities and rural markets. It also intends to diversify its product portfolio by launching more passive investment products, expanding its PMS business and growing its AIF and SIF offering. At the same time, it plans to expand its international business by expanding its presence in GIFT City IFSC and launching more international investment products under the Liberalised Remittance Scheme (LRS) and the Overseas Portfolio Investment (OPI) route.
Now, SBI Fund Management is launching its initial public offering (IPO), which is a complete offer-for-sale of ₹9,812.9 crore. Its shares will be listed on the NSE and BSE.
How to pre-apply for SBI Funds Management IPO?
You can pre-apply for SBI Funds Management IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
- Login to your Upstox account, using your six-digit PIN
- After successfully logging in, click on ‘Discover’
- On the Discover tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘SBI Funds Management IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Pre-Apply’
- Accept the mandate on your UPI app
How to apply for SBI Funds Management IPO?
If you are interested in this investment opportunity but unsure how to apply for SBI Funds Management IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for SBI Funds Management IPO on Upstox:
- Log in to your Upstox account, using your six-digit PIN
- After logging in, click on ‘Discover’
- On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, look for the ‘SBI Funds Management IPO’ tab and click on it
- Now fill in all the required information, like ‘bid price’ and ‘lot size’
- Confirm and click on ‘Apply’
- Accept the mandate on your UPI app
How to check the SBI Funds Management IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the SBI Funds Management IPO allotment status:
- Login to your Upstox account, using your six-digit PIN
- After logging in, click on ‘Discover’
- On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
- Under the Invest in IPO section, you will find the ‘View all’ option
- Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
- In the ‘IPO’ tab, click on ‘My applications’
- In ‘My applications’, under the History section, your SBI Funds Management IPO allotment status will be mentioned
Sbi Mutual Fund IPO Analysis
IPO REVIEW
SBI Mutual Fund | Analysis Video
Should you apply?
Watch our analysts break down the Sbi Mutual Fund IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.
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Strength and Weakness
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.
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.
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.
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.
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%.
Objectives of Sbi Mutual Fund IPO
Carry out the offer for sale
The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.
Listing on stock exchanges
The company want to achieve the benefits of listing its shares on the stock exchanges.
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Company NameSBI Mutual Fund
How to apply for SBI Mutual Fund?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Latest News on Sbi Mutual Fund IPO
SBI Funds Management IPO price band set at ₹545-₹574 per share; check lot size and key dates
2 min read
SBI Funds Management IPO: SBI to sell 1.4% stake in pre-IPO offer; details you must know
4 min read
SBI Funds Management IPO: Who is eligible to apply under shareholders quota for SBI investors
2 min read
SBI Funds Management IPO subscribed 40% so far on Day 1: 10 key points you should know
3 min read
SBI Funds Management IPO subscribed 2.32 times so far on Day 2: A look at financials
3 min read
SBI Funds Management IPO subscribed 41.61 times so far on Day 3: Check subscription status, allotment date and steps
2 min read
SBI Funds Management IPO allotment: Status finalised; how to check online on NSE, BSE, KFin Technologies
3 min read
SBI Funds Management IPO Listing Date: 5 key things retail investors should know before it debuts on NSE, BSE
3 min read
SBI Funds Management share price: Stock lists at 6.85% premium on NSE; here's how much investors made per lot
2 min read
Sbi Mutual Fund IPO FAQs
How to invest in the SBI Mutual Fund ?
Investors can apply for the SBI Mutual Fund through their Demat account via the stock exchange or through their broker.
What is the issue size of SBI Mutual Fund ?
The issue size of the SBI Mutual Fund is 9813 Cr.
What is 'pre-apply' for SBI Mutual Fund ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will SBI Mutual Fund shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
What are the open and close dates of the SBI Mutual Fund ?
SBI Mutual Fund will be open between 2026-07-14 and 2026-07-16.
What is the allotment date for the SBI Mutual Fund ?
SBI Mutual Fund allotment date is 2026-07-20. For SBI Mutual Fund allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of SBI Mutual Fund ?
For SBI Mutual Fund, the IPO registrar is KFin Technologies Limited . You can check SBI Mutual Fund allotment status on the website of the registrar.
Where is the SBI Mutual Fund getting listed?
The shares are proposed to be listed on the BSE and NSE.
When will SBI Mutual Fund shares be credited to your demat account?
The SBI Mutual Fund shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
What is the lot size and minimum order quantity of the SBI Mutual Fund ?
The SBI Mutual Fund lot size is 26 and minimum order quantity is 26.
What is the price band for the SBI Mutual Fund ?
SBI Mutual Fund has set the price band for its IPO at 574 per equity share with a face value of 1.