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SBI Fund Management IPO opens on July 14: Price band, issue size, financials & key details
7 min read | Updated on July 13, 2026, 08:24 IST
SUMMARY
SBI Fund Management IPO, with an issue size of ₹9,813.9 crore will open for subscription on Tuesday, July 14 2026. The company is the largest asset management company (AMC) in India, with a 15.3% share of the Indian mutual fund industry as of March 31, 2026 based on quarterly average assets under management (QAAUM).
SBI Funds Management served 1.8 crore investors through 128 mutual fund schemes as of March 31, 2026.
Incorporated in 1992, SBI Fund Management is one of the oldest asset management companies (AMCs) in India. The company received SEBI approval 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.
About 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.
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.
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.
Financial snapshot
| (₹ crore) | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 2,690.5 | 3,597.7 | 4,389.4 |
| Total assets | 7,106.9 | 8,771.8 | 6,420.4 |
| Net profit | 2,072.7 | 2,540.1 | 3,067.3 |
| EBITDA | 2,718.8 | 3,412.9 | 4,058.4 |
SBI Fund Management IPO objective
SBI Fund Management IPO details
SBI Fund Management IPO aims to raise ₹9,813 crore through its public issue. The issue is a complete offer-for-sale of over 17.09 crore shares.
The company has fixed the price band of the issue at ₹545 to ₹574 per share. The lot size, or the minimum bid quantity to apply for the issue, is 26 shares. This equates to a minimum investment amount of ₹14,924 per lot at the upper end of the price band for retail investors.
SBI Fund Management has appointed Kotak Mahindra Capital as the book-running lead manager of the IPO, while Kfin Technologies Ltd is the registrar for the issue.
SBI Fund Management IPO: Important dates
SBI Fund Management IPO will remain open for bidding from 14 to 16 July. After the bidding is closed, the allotment of shares is expected to be finalised on July 17.
Successful bidders can expect the shares to be credited to their demat accounts by July 20, with others receiving refunds on the same day. SBI Fund Management shares are scheduled to list on the BSE and NSE on July 21.
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