SBI Funds Management logo

SBI Funds Management

SBIFUNDS NSE
₹462.05 3.65 (0.80%)
Market Cap
₹94,112 Cr
P/E
30.80

SBI Funds Management (SBIFUNDS) share price was ₹462.05 at the 28 Oct 2026 close; market capitalisation ₹94,112 Cr; P/E (TTM) 30.80; sector Financial Services. In the Jun 2026 quarter, revenue rose 15.2% year on year to ₹1,152.7 Cr and net profit rose 3.7% year on year to ₹880.3 Cr (compared with Jun 2025). Promoters held 88.19% of SBI Funds Management in Sep 2026, down 10.00 percentage points from Mar 2026.

Close 28 Oct 2026 ₹462.05 −147.70 −24.22% 1Y

Key Fundamentals

Midcap
Market Cap
₹94,112 Cr
P/E (TTM)
30.8
EBITDA
₹4,058 Cr
Return on Equity
51.44%
Debt to Equity
0
Book Value
₹37.11
EPS (TTM)
₹15.00
52W High
₹624.95
52W Low
₹433.65

Price-based figures as of 28 Oct 2026, 15:59 IST · TTM

Peer Comparison

Financial Services › Capital Markets › Asset Management Company

ICICI Prudential Asset Management
₹2,788.7027.621,37,834 Cr25.811.07%79.07%103.63%6,511 Cr3,486 Cr
HDFC AMC
₹2,300.0033.0698,687 Cr11.452.38%30.97%39.25%4,902 Cr2,981 Cr
SBI Funds Management (this company)
₹462.0530.8094,112 Cr12.4517.36%51.44%66.39%5,092 Cr3,054 Cr
Nippon Life India AMC
₹922.5035.9559,044 Cr12.381.02%32.80%40.69%3,242 Cr1,638 Cr
Aditya Birla Sun Life AMC
₹866.7525.3825,080 Cr6.462.90%24.13%30.57%2,139 Cr987 Cr
UTI AMC
₹823.0022.9310,579 Cr2.404.94%10.49%14.16%1,920 Cr513 Cr
Canara Robeco Asset Management Company
₹208.2319.024,152 Cr4.970.96%27.33%36.03%499 Cr219 Cr
Median 7 companies₹866.7527.6259,044 Cr11.452.38%30.97%39.25%3,242 Cr1,638 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

No Tapetide Score has been computed for this stock yet.

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has delivered good profit growth of 28.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.6%

Technical Indicators

Oscillators

BearishNeutralBullish

Neutral

Bearish
2
Neutral
5
Bullish
2

Overall

BearishNeutralBullish

Bearish

Bearish
8
Neutral
9
Bullish
2

Moving Averages

BearishNeutralBullish

Bearish

Bearish
6
Neutral
4
Bullish
0

Growth Rate

Revenue Growth
17.47% lower than 3Y

change over 1 year

Net Income Growth
20.75% lower than 3Y

change over 1 year

Cash Flow Change
24.86%

change over 1 year

EBITDA Margin Change
1.23%

change over 1 year Operating margin 80% · Jun 2026

AI Analysis — Bull vs Bear

Figures as of 26 Oct 2026
AI opinion · based on fundamentals
Risk medium

SBI Funds Management Ltd trades at ₹452.05 as of 2026-10-26 with a market cap of ₹92,075 Cr, a PE of 30.14x, and an ROE of 51.44%. The company is debt-free with strong profit growth (29% CAGR over 5 years) but trades 27.7% below its 52-week high of ₹624.95, and its valuation at 15.44x book reflects high market expectations.

Bull Case 8
  • Exceptional return on equity of 51.44% as of 2026-10-26, significantly above typical financial services peers, indicating highly efficient capital deployment
  • Completely debt-free balance sheet with a debt-to-equity ratio of 0, eliminating financial risk and interest rate sensitivity
  • Compounded profit growth of 29% CAGR over 5 years and 34% CAGR over 10 years demonstrates sustained long-term earnings momentum
  • Compounded sales growth of 25% CAGR over both 5 and 10 years shows durable revenue expansion driven by India's growing mutual fund industry
  • 3-year ROE averaging 38% and 5-year ROE averaging 37% reflect a consistent track record of high profitability, not a one-off spike
  • TTM sales growth of 17% and TTM profit growth of 21% indicate continued positive operating leverage even on a larger base
  • ROCE of 66.39% as of 2026-10-26 signals exceptional capital efficiency, characteristic of an asset-light fund management business model
  • Dividend yield of 17.16% provides significant cash returns to shareholders at the current price of ₹452.05
Bear Case 8
  • PE of 30.14x as of 2026-10-26 is elevated relative to earnings, requiring sustained high growth to justify the multiple on an EPS of ₹15
  • Price-to-book ratio of 15.44x prices in substantial future growth and leaves limited margin of safety if AUM growth slows
  • Stock trades at ₹452.05, down 27.7% from its 52-week high of ₹624.95, indicating significant negative momentum or sentiment shift
  • TTM sales growth has decelerated to 17% compared to the 3-year CAGR of 27%, suggesting a potential growth slowdown
  • TTM profit growth of 21% has also moderated from the 3-year CAGR of 32%, pointing to normalizing earnings expansion
  • Revenue is directly tied to equity and debt AUM levels, making the business highly cyclical with market corrections — a sharp downturn could rapidly compress fee income
  • Increasing competition from passive funds, direct plans, and new-age AMCs could pressure management fee margins over time, pressuring the 25% long-term revenue CAGR
  • Market cap of ₹92,075 Cr on TTM EPS of ₹15 implies the stock is priced for continued high-growth execution with limited room for disappointment

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

3h ago
Headwinds 3
  • Q2 profit drops 6% YoY Oct 23

    Net profit fell to ₹701 crore from ₹746 crore in Q2 FY27, as expenses surged 28% to ₹301 crore and other income plunged 57% to ₹45 crore, overwhelming 9% revenue growth.

  • Debt AUM declines 10% Oct 23

    Debt-oriented assets under management fell 10% YoY to ₹1.56 lakh crore, indicating weakness in fixed-income flows even as equity and passive segments grew.

  • Stock falls ahead of results Oct 23

    SBI Funds Management shares dropped 1.84% to ₹463 on Oct 23, reflecting investor concerns about sequential profit decline despite top-line growth.

Positives 6
  • AUM crosses ₹13 lakh crore Oct 23

    Quarterly average AUM in mutual funds rose 10% YoY to ₹13.14 lakh crore, with equity AUM up 11% to ₹6.22 lakh crore and passive AUM up 11% to ₹4.15 lakh crore with 27.4% market share.

  • SIP momentum sustained Oct 23

    SIP AUM grew 15% YoY to ₹2.07 lakh crore with monthly inflows of ₹3,900 crore, while SIF assets surged 26% QoQ to ₹4,400 crore with 16% market share.

  • Customer base grows steadily Oct 23

    Unique customers rose 10% YoY to 1.85 crore and live folios increased 12% to 2.3 crore as of September 30, reflecting broad retail participation.

  • Joint CEO appointed Oct 13

    RS Srinivas Jain, with 34 years of BFSI experience and 25+ years at SBI Funds, was elevated to Joint CEO from his role heading Strategy, Digital & Technology, signaling focus on digital transformation.

  • Alternates head hired Oct 7

    Dhruva Agarwal appointed Head of Alternates with 20+ years of global private capital experience, as AIF QAAUM grew 27% YoY to ₹7,437 crore.

  • H1 operating revenue up 12% Oct 23

    First-half FY27 operating revenue rose 12% YoY to ₹2,336 crore with operating profit up 11% to ₹1,797 crore and PAT at ₹1,566 crore.

Neutral 3
  • Reclassification request from SBI Oct 16

    SBI requested reclassification of Indian Digital Payment Intelligence Corporation from Promoter Group to Public category under SEBI norms.

  • New CFO takes charge Sep 29

    Amol Joshi appointed CFO effective October 1, 2026, succeeding Inderjeet Ghuliani who retired due to superannuation.

  • New independent director added Sep 28

    Giridhar Sanjeevi appointed as additional independent director for three years effective September 29, 2026, replacing Moiz Miyajiwala whose term ended.

TL;DR: SBI Funds Management maintains market leadership at 15% mutual fund market share with AUM crossing ₹13 lakh crore, supported by strong equity, passive, and SIP flows. However, Q2 profitability is under pressure from a 28% expense surge and 57% drop in other income, causing a 6% YoY profit decline despite healthy revenue growth. Leadership additions in digital strategy and alternates signal investment in future growth drivers. The key risk is whether expense growth moderates in coming quarters, as operating leverage will determine whether top-line momentum translates into sustained earnings improvement.

Quarterly Results

Particulars Jun 2025Mar 2026Jun 2026
Sales
1,001
1,139
1,153
Expenses
214
221
230
Operating Profit
787
918
923
OPM %
79%
81%
80%
Other Income
331
-43
242
Interest
2
2
2
Depreciation
11
12
12
PBT
1,106
861
1,151
Tax %
23%
26%
24%
Net Profit
849
634
880
EPS (₹)
4.18
3.11
4.32
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
452
551
777
1,272
1,317
1,619
1,985
2,405
3,424
4,235
4,974
Expenses
205
292
436
755
491
446
533
603
708
823
918
Operating Profit
248
259
342
517
826
1,173
1,451
1,802
2,716
3,411
4,056
OPM %
55%
47%
44%
41%
63%
72%
73%
75%
79%
81%
82%
Other Income
1
2
1
1
2
2
26
19
15
16
16
Interest
0
0
0
0
4
4
4
5
8
9
9
Depreciation
5
10
13
15
30
32
33
34
37
40
44
PBT
243
251
330
503
794
1,139
1,440
1,782
2,686
3,379
4,020
Tax %
33%
34%
32%
34%
24%
24%
25%
25%
23%
25%
24%
Net Profit
164
165
224
331
606
863
1,082
1,340
2,073
2,540
3,067
EPS (₹)
—
—
—
1.66
3.03
4.31
5.38
6.65
10.23
12.5
15.06
Div. Payout %
34%
3637%
31%
21%
25%
17%
14%
13%
10%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
50
50
50
50
50
50
50
50
51
51
204
Reserves
490
583
723
971
1,939
2,528
3,536
4,701
6,697
8,247
5,759
Borrowings
0
0
0
0
0
65
0
0
0
0
0
Other Liabilities
138
151
214
273
172
190
211
232
359
474
457
Total Liabilities
678
784
987
1,294
2,161
2,833
3,798
4,984
7,107
8,772
6,420
Fixed Assets
172
178
177
176
236
224
223
231
257
270
391
CWIP
0
0
2
2
0
0
3
2
0
110
0
Investments
255
338
498
612
1,749
2,408
3,395
4,609
6,645
8,111
5,704
Other Assets
252
268
310
505
176
201
176
141
205
281
325
Total Assets
678
784
987
1,294
2,161
2,833
3,798
4,984
7,107
8,772
6,420
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
154
210
166
745
718
1,008
1,199
1,438
1,992
2,488
Investing
—
-98
-133
-85
-623
-484
-841
-973
-1,305
-938
2,974
Financing
—
-66
-72
-84
-121
-232
-172
-228
-132
-1,043
-5,458
Net Cash Flow
—
-9
5
-4
2
1
-5
-2
2
12
4
Free Cash Flow
—
138
197
152
732
715
997
1,188
1,428
1,873
2,460
CFO/OP
—
95
93
67
114
84
93
91
72
81
87
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
15
15
11
29
11
9
9
9
11
11
6
Cash Conversion Cycle
15
15
11
29
11
9
9
9
11
11
6
Working Capital Days
-28
-11
-25
20
-6
-13
-11
-17
-15
-13
-10
ROCE %
—
43%
47%
56%
—
49%
46%
43%
47%
45%
56%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view SBI Funds Management insights

47 extracted metrics + investor summaries across FY15–FY27.

Shareholding Pattern

Others1.27%Promot.88.19%FIIs1.43%DIIs4.18%Public4.94%As ofSep 2026

Documents

Frequently Asked Questions about SBI Funds Management

What does SBI Funds Management Ltd do?
SBI Funds Management Ltd was incorporated in 1992 and received SEBI’s approval in 1993 to act as the asset management to SBI Mutual Fund. In 2004, the company became a joint venture when Société Générale Asset Management S.A. acquired a 37% stake in SBIMFL. The company serves both individuals as ...
Where is SBI Funds Management Ltd (SBIFUNDS) listed?
SBI Funds Management Ltd trades as SBIFUNDS on the NSE and under code 544829 on the BSE.
Which sector does SBI Funds Management Ltd belong to?
SBI Funds Management Ltd is classified under the Financial Services sector, in the Capital Markets industry.
What is the market capitalisation of SBI Funds Management Ltd?
SBI Funds Management Ltd has a market capitalisation of ₹94,112 Cr as of 28 Oct 2026, which places it in the Large Cap band.
What is the PE ratio of SBI Funds Management Ltd?
SBI Funds Management Ltd trades at a PE ratio of 30.80 as of 28 Oct 2026, on earnings per share of ₹15, against a book value of ₹37.11 per share.
What is the 52-week high and low of SBI Funds Management Ltd?
Over the last 52 weeks SBI Funds Management Ltd has traded between ₹433.65 and ₹624.95 as of 28 Oct 2026.
Does SBI Funds Management Ltd pay dividends?
SBI Funds Management Ltd has a dividend yield of 17.36%.
What is the Return on Equity (ROE) of SBI Funds Management Ltd?
SBI Funds Management Ltd reported a return on equity of 51.44%. Its debt-to-equity ratio is 0.00.

Company Information

SBI Funds Management Ltd was incorporated in 1992 and received SEBI’s approval in 1993 to act as the asset management to SBI Mutual Fund. In 2004, the company became a joint venture when Société Générale Asset Management S.A. acquired a 37% stake in SBIMFL. The company serves both individuals as well as institutional investors offering diversified portfolio of mutual fund schemes across equity, debt, international and liquid schemes offering both actively managed and passive investment strategies.[1]

Website sbifunds.com/investor-relations
Listed 2026-07-21
Face Value ₹ 1
Shares Outstanding 2,03,68,27,612

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/SBIFUNDS.md for SBI Funds Management Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month