SBI Funds Management Ltd IPO

About SBI Funds Management Ltd

Our Company was originally incorporated as `SBI Funds Management Private Limited' as a private limited company under the Companies Act, 1956, at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated February 7, 1992 (Original COI) issued by the Registrar of Companies, Maharashtra. Pursuant to an intimation made by our Company under Section 43A(2) of the Companies Act, 1956, our Company was converted to a public limited company and the name of our Company changed to `SBI Funds Management Limited'. Consequently, the Original COI was amended by the Registrar of Companies, Maharashtra to reflect such change in our name w.e.f. June 30, 1992. Following the subsequent deletion of Section 43A(2) of the Companies Act, 1956, our Company was converted to a private limited company pursuant to the resolutions of our Board and our Shareholders each dated May 16, 2001, and the name of our Company was changed to `SBI Funds Management Private Limited'. Consequently, the Original COI was amended by the Registrar of Companies, Maharashtra to reflect such change in our name w.e.f. August 24, 2001. Subsequently, our Company was converted to a public limited company and the name of our Company changed to `SBI Funds Management Limited' pursuant to a resolution of our Board dated October 22, 2021 and our Shareholders dated November 23, 2021, and a fresh certificate of incorporation dated December 16, 2021 was issued by the Registrar of Companies, Maharashtra at Mumbai.

We are the largest asset management company (AMC) in India by quarterly average mutual fund assets under management (QAAUM), with QAAUM of Rs.12,509.98 billion and a mutual fund market share of 15.3% as of March 31, 2026, a position we have consistently held since March 2021. Including our Portfolio Management Services (PMS) and other advisory mandates (collectively with PMS, Alternates), our total QAAUM was Rs.29,461.05 billion as at March 31, 2026. We are India's oldest AMC, acting as the investment manager to SBI Mutual Fund, which commenced operations in June 1987 as the first mutual fund entity outside the Unit Trust of India. We are also India's largest passive (exchange traded fund (ETF) and index funds) asset manager with passive (ETF and index funds) QAAUM of Rs.4,055.26 billion representing a market share of 27.9% as at March 31, 2026, a leadership position we have held since March 2021. Our total QAAUM has grown at a compound annual growth rate (CAGR) of 14.22% between March 31, 2024, and March 31, 2026, while our mutual fund QAAUM has grown at a CAGR of 16.97% during the same period. Our equity, equity-oriented and equity hybrids (excluding arbitrage and including overseas fund of funds) QAAUM grew at a CAGR of 21.79% during the same period.

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