SBI Mutual Fund IPO: Price, Date, Size, Valuation, Everything You Need to Know

SBI Mutual Fund, a flagship India asset management company jointly promoted by State Bank of India (SBI) and Amundi, is all set for its highly awaited initial public offering (IPO). Established in 1987 as a joint venture between India’s largest bank and a European fund management giant, SBI Mutual Fund today manages assets over ₹26 lakh crore, making it the single largest Asset Management Company (AMC) in India. This IPO is anticipated to be among the largest Indian financial services public listings ever, cementing the firm’s market leadership and strengthening its innovation and digital capabilities. 

The IPO is expected to open shortly, with a tentative size between ₹15,000 crore and ₹22,000 crore, targeting a valuation range of ₹95,000 crore to ₹1,10,000 crore (~$12 billion – $14 billion), reflecting multiple premium segments such as equity, debt, and alternate investment funds. The funds will underpin SBI MF’s digital platform expansion, product diversification (including PMS and AIFs), and branch network growth under the ‘Jan Nivesh through Bharat Outreach’ initiative, targeting wider penetration across tier II, and tier III cities and rural areas.

This detailed guide covers all essential aspects of the SBI Mutual Fund IPO, including its structure, business fundamentals, detailed financials, sector outlook, and what investors should consider before subscribing.

SBI Mutual Fund IPO Dates & Launch Details

• IPO opening date: To be announced
• IPO closing date: To be announced (Typically three days after opening)
• Basis of allotment: To be announced (Within 3 working days post closure)
• Refund initiation: To be announced (Shortly after basis of allotment)
• Expected listing date: To be announced (Usually within a week following allotment finalisation)

Lead Book Running Managers: To be announced.

Registrar: To be announced.

Price Band & Investment Details

• Price band: To be announced (Face value: ₹1 per share)
• Minimum lot size: To be announced
• Minimum investment: To be announced
• Maximum retail investment: To be announced

SBI Mutual Fund IPO Structure

About SBI Mutual Fund

SBI Mutual Fund is the largest player in India’s mutual fund market, spanning equity, debt, hybrid, and alternative products. It provides investment products tailored for retail, institutional, and HNI investors, leveraging:

• Widest Branch Network: Over 220 locations and tie-ups with SBI branch network across India supporting on-ground investor engagement.
• Digital Channels: Mobile app, online distribution and digitised KYC and transaction processes servicing millions.
• Product Breadth: Leading thematic and sectoral funds, SIP focus, ESG products, passive funds and index tracking schemes.
• Customer Base: Rapidly growing retail investors base, crossing 62 lakh new investors in FY25. Significant SIP book growth, tripling 5-year SIP trigger between FY19 and FY24.
• Asset Under Management (AUM): Surpassed ₹26 lakh crore in FY25, maintaining dominant market share.

Financials 

Revenue and Profit Table

Key Highlights:

• SBI Mutual Fund achieved a revenue of ₹4,063.32 crore in FY25, a 24% growth over FY24, while net profit rose to ₹2,540.15 crore, a 22.6% increase from ₹2,072.78 crore in the previous year. 
• The AUM stood at ₹26.83 lakh crore in FY25, growing from ₹22.83 lakh crore in FY24, making SBI Mutual Fund the largest AMC in India by AUM. The diversified product mix includes equity funds, hybrid funds, debt funds, and AIF offerings, with retail investors forming a large part of the investor base.
• Over 62.73 lakh new investors were added in FY25, with the total number surpassing 8.44 crore investors, indicating SBI MF’s broad reach and trust among Indian investors, especially in Tier 2 and Tier 3 cities.
• Operating margin improved steadily with prudent expense management and enhanced fee structures amid market growth. The AMC maintained a strong capital base to meet regulatory requirements and growth funding.
• SBI Mutual Fund launched several new schemes catering to evolving investor needs, including ESG-themed funds, sectoral portfolios, and solution-oriented products. It has widened its distribution network aggressively, leveraging both traditional and digital channels.
• The AMC continually complies with SEBI guidelines, maintains transparent disclosures, and strengthens its risk management framework, fostering investor confidence.

Sector & Market Context

India’s mutual fund industry is growing at double digits, driven by increasing financial awareness, retail participation, tax incentives, and regulatory reforms. According to the Association of Mutual Funds in India (AMFI), average AUM touched ₹77.78 lakh crore in September 2025, with mutual funds gaining ground as a preferred investment vehicle. SBI MF, with its wide reach and product innovation, plays a pivotal role in shaping investor habits and market dynamics.

Key Considerations for Investors

Strengths

• Largest AMC in India by AUM with widespread branch and digital presence
• Backed by SBI (India’s largest bank) and Amundi (global fund giant)
• Strong five-year CAGR in revenue and profitability
• Expanding product portfolio beyond traditional mutual funds

Risks

• Intense competition from both public and private asset managers
• Regulatory changes impacting fee structures or product availability
• Market volatility affecting AUM and transactional income stream

Opportunities

• Penetration into Tier II/III cities and rural India with ‘Jan Nivesh’ expansion drive
• Growth in alternate investment funds and PMS vertical
• Continued digital innovation to enhance investor experience and scale

IPO Structure

• The issue will consist of a combination of fresh equity to finance growth initiatives and an offer for sale (OFS) by existing shareholders including SBI and Amundi.
• The fresh capital is earmarked for technology investments, product portfolio expansion (including PMS and AIF), and branch network addition of approximately 100 locations over 2-3 years.
• Existing promoters will retain majority stake; Amundi is expected to retain its shareholding.
• Listing aims to enhance governance, corporate transparency, and public investor participation in one of India’s most trusted mutual fund brands.

About the Company

SBI Mutual Fund has been an integral player in India’s financial ecosystem since 1987, a joint venture of SBI and Amundi. It offers a comprehensive range of mutual fund schemes catering to retail and institutional investors, backed by an extensive distribution network and digital platforms.

Final Word

SBI Mutual Fund’s IPO marks a crucial moment for both Indian capital markets and the mutual fund industry. The company’s scale, profitability, and growth prospects make it an attractive choice, while regulatory monitoring and competitive dynamics require investor caution.

Always consider personal investment objectives and consult trusted sources before making any decisions.