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SBI Mutual Fund's AUM rises 10% to ₹13.1 trn; H1 operating profit up 11%
Sentiment: NeutralHigh Priority
What Happened?
SBI Funds Management reported a 10% increase in average assets under management to ₹13.1 trillion for Q3 2026. Operating profit for H1 rose 11% to ₹1,797 crore.
Key points
- SBI Funds Management's QAAUM reached ₹13.1 trillion for the quarter ending September 30, 2026.
- Operating profit for the first half of the financial year was ₹1,797 crore, an 11% increase.
- Operating revenue for the six months rose 12% to ₹2,336 crore.
- Actively managed equity assets averaged nearly ₹9 trillion, with a 12.4% market share.
- Assets in systematic investment plans (SIPs) rose 15% to ₹2.07 trillion, representing a 12.3% market share.
- SBI Funds Management holds a 15% overall market share in India's mutual fund industry.
Key insights
- The increase in SIP assets may attract more retail investors, enhancing market participation.
- SBI's strong market share positions it favorably against competitors in the asset management sector.
- The slower growth in operating profit relative to revenue suggests potential cost management challenges.
Why it matters
The growth in AUM and operating profit indicates SBI Mutual Fund's strong position in the Indian mutual fund market.
Tags
Entities
SBI Funds Management· CompanySBI Mutual Fund· CompanyState Bank of India· OrganizationAmundi· CompanyIndia· Country
Source
Business Standard
