SBI Mutual Fund’s AUM rises 10% to ₹13.1 lakh crore; H1 operating profit up

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The asset manager also recorded higher operating revenue, while actively managed equity assets and systematic investment plan holdings expanded during the quarter.

By PTI

Updated - October 29, 2026 at 04:08 PM. | Mumbai

SBI Funds Management reported quarterly average assets under management of ₹13.1 lakh crore and a 15 per cent overall market share.

SBI Funds Management Ltd, the asset manager of SBI Mutual Fund, reported a 10 per cent year-on-year increase in quarterly average assets under management (QAAUM) to Rs 13.1 lakh crore for the quarter ended September 30, 2026, while operating profit for the first half of the financial year rose 11 per cent to Rs 1,797 crore.

Operating revenue rose 12 per cent to Rs 2,336 crore, the company said in a press release.

Equity assets average nearly Rs 9 lakh crore

Actively managed equity assets averaged nearly Rs 9 lakh crore in the September quarter, up 9 per cent year-on-year, giving the company a 12.4 per cent market share in the segment. Assets under management in systematic investment plans (SIPs) rose 15 per cent to Rs 2.07 lakh crore, representing a 12.3 per cent market share.

The growth in equity and SIP assets underscores SBI Funds Management’s scale in India’s mutual fund industry, particularly in actively managed equity products and systematic investment-led savings. SIPs allow investors to contribute fixed amounts to mutual funds at regular intervals.

Company holds 15 per cent overall market share

SBI Funds Management said it had a 15 per cent overall market share, positioning it among India’s leading asset management companies. Backed by State Bank of India, the company has a joint venture with France-based asset manager Amundi.

With more than 34 years of experience, its product portfolio spans actively managed and passive mutual funds, portfolio management services and alternative investment products.

Investor base reaches 1.85 crore customers

As of September 30, 2026, the company had 2,141 employees and 297 branches and points of acceptance. It reported an investor base of 1.85 crore customers across the industry.

The increase in assets and operating revenue points to continued business expansion, while slower operating profit growth relative to revenue suggests profitability gains did not fully keep pace with revenue growth.

Published on October 29, 2026

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