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SBI Funds Management

SBIFUNDS NSE
₹498.25 +15.90 (+3.30%)
P/E
33.22
View as Markdown
MCP
Close 4 Nov 2026 ₹498.25 −111.50 −18.3% since 21 Jul 2026
Start ₹609.75

Key Fundamentals

Midcap

Price-based figures as of · TTM

ROCE
56.50%
Debt to Equity
0.00
EPS (TTM)
₹15.00
Book Value
₹37.11
Market Cap
—
P/E (TTM)
33.22
P/B
13.43
ROE
43.00%
Dividend Yield
16.50%
EBITDA
₹4,058 Cr
52W High
₹624.95
52W Low
₹433.65
Day Range
₹479.65 – ₹500.00
Volume
17,75,644

Peer Comparison

Financial Services › Capital Markets › Asset Management Company

SBI Funds Management peer comparison
ICICI Prudential Asset Management
₹2,880.2028.53₹1,42,485 Cr26.661.04%85.80%115.00%₹6,040 Cr₹3,486 Cr
HDFC AMC
₹2,505.0036.01₹1,06,865 Cr12.472.21%32.90%42.90%₹4,392 Cr₹2,981 Cr
SBI Funds Management (this company)
₹498.2533.22₹99,163 Cr13.4316.50%43.00%56.50%₹5,092 Cr₹3,054 Cr
Nippon Life India AMC
₹1,000.3538.98₹63,623 Cr13.420.97%34.50%43.80%₹2,869 Cr₹1,638 Cr
Aditya Birla Sun Life AMC
₹855.2025.04₹23,578 Cr6.383.14%25.20%32.20%₹1,883 Cr₹987 Cr
UTI AMC
₹820.0522.85₹10,369 Cr2.394.99%10.30%15.60%₹1,909 Cr₹513 Cr
Canara Robeco Asset Management Company
₹227.6120.79₹4,364 Cr5.430.92%30.30%40.10%₹478 Cr₹219 Cr
Median 7 companies₹855.2028.53₹63,623 Cr12.472.21%32.90%42.90%₹2,869 Cr₹1,638 Cr

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

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%

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish496
OscillatorsNeutral252
Moving AveragesBullish244

Key readings

RSI (14)
51.42
Neutral
MACD (12,26,9)
−13.06
Bullish
SMA (50)
521.69
Bearish
SMA (200)
—
Neutral

As of

Analyst Rating

Based on 8 analysts
BUY88%

7 of 8 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
7
88%
HOLD
1
13%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
10Y+24.61%
5Y+25.17%
3Y+27.41%
1Y+17.45%

Net profit

Net profit growth by window
10Y+33.94%
5Y+28.87%
3Y+31.79%
1Y+20.75%

Operating cash flow

Operating cash flow growth by window
10Y+32.08%
5Y+28.22%
3Y+27.55%
1Y+24.90%

Operating margin· change in pp

Operating margin growth by window
10Y+34.53 pp
5Y+9.09 pp
3Y+6.61 pp
1Y+1.00 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2016₹551 Cr
Mar 2017₹777 Cr
Mar 2018₹1,272 Cr
Mar 2020₹1,317 Cr
Mar 2021₹1,619 Cr
Mar 2022₹1,985 Cr
Mar 2023₹2,405 Cr
Mar 2024₹3,424 Cr
Mar 2025₹4,235 Cr
Mar 2026₹4,974 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2016₹165 Cr
Mar 2017₹224 Cr
Mar 2018₹331 Cr
Mar 2020₹606 Cr
Mar 2021₹863 Cr
Mar 2022₹1,082 Cr
Mar 2023₹1,340 Cr
Mar 2024₹2,073 Cr
Mar 2025₹2,540 Cr
Mar 2026₹3,067 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹3,915 Cr −3.5% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

SBI Funds Management Ltd trades at ₹478.5 as of 2026-11-02 with a market cap of ₹95,293 Cr, a trailing P/E of 31.9x, and zero debt on its balance sheet. The company has compounded profits at 34% over ten years with a last-year ROE of 43%, though the stock sits roughly 23% below its 52-week high of ₹624.95.

Bull Case 7
  • Debt-free balance sheet with a debt-to-equity ratio of 0, eliminating interest-rate risk and providing full financial flexibility.
  • Exceptional return on equity of 51.44% as of the latest period, with a 3-year average ROE of 38% and last-year ROE of 43%, indicating highly efficient capital deployment.
  • ROCE of 66.39% reflects an asset-light business model that generates outsized returns on total capital employed.
  • Compounded profit growth of 34% over 10 years and 32% over 3 years demonstrates sustained long-term earnings momentum.
  • Compounded sales growth of 25% over 10 years and 27% over 3 years shows durable revenue expansion across market cycles.
  • Dividend yield of 17.02% is unusually high, providing substantial cash returns to shareholders at the current price of ₹478.5.
  • India's mutual fund industry penetration remains low relative to developed markets, and the SBI brand — the country's largest bank network — provides a structural distribution advantage for sustained AUM growth.
Bear Case 7
  • TTM profit growth has slowed to 21% from the 3-year CAGR of 32%, signalling a potential deceleration in the earnings trajectory.
  • TTM revenue growth of 17% is materially below the 3-year CAGR of 27%, suggesting top-line momentum is fading.
  • Revenue is heavily tied to equity AUM levels; a sustained market correction could compress management fees and total income, as seen in past downturns.
  • The asset management industry in India faces increasing regulatory pressure on expense ratios and distribution costs, which could structurally compress margins over time.
  • A P/B ratio of 12.89x implies the market is pricing in significant future growth; any shortfall relative to expectations could trigger sharp de-rating.
  • The stock has fallen roughly 23% from its 52-week high of ₹624.95 to ₹478.5, reflecting weakening near-term sentiment and possible institutional profit-booking.
  • Intensifying competition from large private-sector AMCs and passive/index fund providers could pressure market share and fee income going forward.

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

AI News Digest

9h ago

TL;DR: SBI Funds Management maintains strong market leadership at 15% mutual fund market share with AUM crossing ₹13 lakh crore, supported by healthy SIP flows and growing retail participation. However, Q2 FY27 profitability came under pressure with a 6% profit decline driven by a 28% expense surge and sharp drop in other income. Leadership additions in the Joint CEO role and Head of Alternates signal strategic focus on digital transformation and diversification. The key risk to watch is whether expense growth moderates in coming quarters to allow top-line momentum to flow through to earnings.

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, offsetting 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 the fixed income segment despite growth elsewhere.

  • Stock fell 1.84% pre-results Oct 23

    Shares dropped 1.84% to ₹463 on October 23 ahead of the earnings announcement, reflecting investor concerns about the sequential profit decline.

Positives 6
  • AUM crosses ₹13 lakh crore Oct 23

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

  • SIP momentum sustains Oct 23

    SIP AUM rose 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 reached 1.85 crore, up 10% YoY, and live folios rose 12% to 2.3 crore as of September 30, reflecting strong retail participation.

Neutral 2
  • Promoter group reclassification request Oct 16

    SBI requested reclassification of Indian Digital Payment Intelligence Corporation from Promoter Group to Public category under SEBI norms, a procedural corporate action.

  • H1 FY27 revenue up 12% Oct 23

    Operating revenue for H1 FY27 rose 12% YoY to ₹2,336 crore and operating profit grew 11% to ₹1,797 crore, with PAT at ₹1,566 crore.

Quarterly Results

₹ Cr
SBIFUNDS quarterly results, ₹ crore
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

Profit & Loss

₹ Cr
SBIFUNDS profit and loss, annual, ₹ crore
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%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
31%
21%
25%
17%
14%
13%
10%
0%
0%

Balance Sheet

₹ Cr
SBIFUNDS balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
SBIFUNDS cash flow, annual, ₹ crore
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

Ratios

SBIFUNDS financial ratios, annual
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 across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 88.19%
  • Public 4.94%
  • DIIs 4.18%
  • FIIs 1.43%
  • Others 1.27%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

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.
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 PE ratio of SBI Funds Management Ltd?
SBI Funds Management Ltd trades at a PE ratio of 33.22 as of 4 Nov 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 4 Nov 2026.
Does SBI Funds Management Ltd pay dividends?
SBI Funds Management Ltd has a dividend yield of 16.50%.
What is the Return on Equity (ROE) of SBI Funds Management Ltd?
SBI Funds Management Ltd reported a return on equity of 43.00%. 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.

Website sbifunds.com/investor-relations
Listed 21 Jul 2026
Face Value ₹1

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