SBI Funds Management was incorporated in 1992 and received SEBI’s approval to act as the asset management to SBI Mutual Fund in 1993. The company is the one of largest asset management company (AMC) in India. It serves a large unique investor base in its mutual fund business comprising individuals as well as institutional customers and manages a diversified portfolio of multiple mutual fund schemes across equity and equity-oriented, debt, arbitrage, ETFs, index and overseas fund-of-funds, and liquid and overnight schemes, thereby offering both actively managed and passive investment strategies to cater to diverse investor risk profiles and financial objectives. Beyond, its core mutual fund schemes business, it offers a comprehensive suite of investment solutions across product categories and geographies. It provides Portfolio Management Services (PMS) and advisory mandates as well as alternative investment funds (AIFs), and specialized investment funds (SIFs). Further, it provides investment management and advisory services to a range of offshore India-focused funds under regulatory approval in accordance with the SEBI Mutual Funds Regulations.

The company’s international business comprises: India-focused investment management mandates for overseas institutional investors across Japan, Australia, and Korea, and Undertakings for Collective Investment in Transferable Securities (UCITS) India-focused funds sponsored by Amundi across Europe, Middle East, South America, and Southeast Asia and advisory services to Amundi’s Global Emerging Markets mandates of India-related assets under advisory. It facilitates outbound diversification for Indian investors through dedicated international funds including SBI International Access - US Equity Fund of Funds in partnership with Amundi group and other overseas equity-oriented schemes. It maintains an international distribution presence in the Middle East and leverage SBI and Amundi’s global networks to serve customers across key international markets.

Business area of the company 

The company, along with its subsidiaries, is in the business of providing asset management services to SBI Mutual Fund, Alternative Investment Fund and Portfolio Management and Advisory Services to clients. 

Services of the company

Mutual Fund Business

• Equity and Equity Oriented Schemes
• Debt Schemes
• Exchange Traded Funds and Index Schemes
• Arbitrage Scheme
• Liquid and Overnight Schemes
• Fund of funds
• Specialised Investment Fund Strategy

Alternative Investment Products

• Retail PMS
• Institutional PMS
• Global Investor PMS and Overseas Equity Mandates
• Alternative Investment Funds

International Operations

• India-Focused Mandates
• UCITS India-Focused Funds
• Advisory to Global Emerging Market Funds
• Offshore Business Development
• GIFT City Platform

Awards, accreditations and recognition 

• 2021: Awarded the ‘Best Fund over 10 years - Equity India Small and Mid-Cap’ and ‘Best Fund over 5 years - Equity India Small and Mid-Cap’ at the Refinitiv Lipper Fund Awards, 2021.
• 2021: Awarded the ‘Best Fund over 5 years - Equity Sector Financials’ and ‘Best Fund over 3 years - Equity India Small and Mid-Cap’ at the Refinitiv Lipper Fund Awards, 2021.
• 2021: Awarded the ‘Best Fund over 10 years - Mixed Asset INR Conservative’ at the Refinitiv Lipper Fund Awards, 2021.
• 2021: Awarded the ‘Best Asset Managers by Market’ at the AsianInvestor Asset Management Awards, 2021.
• 2022: Awarded the ‘Best Medium to Long Duration Fund’ at the Morningstar Fund Awards, 2022.
• 2022: Awarded the ‘Runners-Up - Best Fund House Equity’ and ‘Runners-Up - Best Fund Multi-Asset/Overall’ at the Morningstar Fund Awards, 2022.
• 2022: Awarded the ‘Fund House of the Year - India’ at the AsianInvestor Asset Management Awards, 2022.
• 2022: Awarded the ‘Best Fund over 5 years - Equity Sector Financials’ and ‘Best Fund over 3 years - Equity India Small and Mid-Cap’ at the Refinitiv Lipper Fund Awards, 2022.
• 2022: Awarded the ‘Best Fund over 10 years - Mixed Asset INR Conservative’ and ‘Best Fund over 5 years - Mixed Asset INR Conservative’ at the Refinitiv Lipper Fund Awards, 2022.
• 2022: Awarded the ‘Best Fund over 10 years - Bond INR Government’ at the Refinitiv Lipper Fund Awards, 2022.
• 2022: Awarded the ‘Group Award - Mixed Assets’ and ‘Group Award - Overall’ at the Refinitiv Lipper Fund Awards, 2022.
• 2023: Awarded the ‘Best Medium to Long Duration Fund’ at the Morningstar Fund Awards, 2023.
• 2024: Awarded the ‘Best Asset Manager’ at the Morningstar Fund Awards, 2024.

History and milestones

• 1992: Incorporation of the company as ‘SBI Funds Management Private Limited’.
• 2004: Registered as a portfolio manager under SEBI Portfolio Manager Regulations.
• 2006: Launch of offshore products through SBI Resurgent India Opportunities Fund, an offshore fund.
• 2012: SBI Mutual Fund completes 25 years of operations.
• 2013: Acquisition of Daiwa Mutual Fund schemes.
• 2014: Inauguration of 51 branches across B-15 cities in India (cities beyond the top 15 cities in India).
• 2015: Launch of alternative investment fund business through registration of ‘SBI Alternative Equity Fund’.
• 2015: Became the first asset management company in India to adopt CFA Institute’s Asset Manager Code of Professional Conduct in India.
• 2018: Crossed Rs 100,000.00 million in AUM.
• 2018: Became a signatory to the United Nations-supported Principles for Responsible Investment (UN-PRI).
• 2019: Employees’ Provident Fund Organization appoints the company as its portfolio manager to manage its portfolio of investments.
• 2020: Became the largest mutual fund company in India in passive QAAUM (quarterly average assets under management by market share).
• 2021: Became the first asset management company in India to adopt and publish the Stewardship Code.
• 2021: Collected the largest amount in a new fund offer with SBI Balanced Advantage Fund, an open-ended dynamic asset allocation fund launched by the company.
• 2022: Highest fund-raising in a new fund offer in the multicap fund category with SBI Multicap Fund, an open-ended equity scheme investing across large, mid and small cap stocks, launched by the company.
• 2024: Crossed Rs 1,000,000.00 million in AUM.
• 2025: Launched ‘Jannivesh SIP’, which provides investments starting at Rs 250.00, in partnership with fintech platforms.
• 2025: Launched the Magnum Hybrid Long Short Fund under Magnum SIF, within the new Specialized Investment Fund (SIF) framework.
• 2026: Crossed Rs 1,200,000.00 million in AUM.