SBI Funds Management is going public—here's what you need to know
SBI Funds Management Limited (SBIFM), India's biggest asset manager, has initiated the process for its IPO to raise $1.2 billion at a $12 billion valuation.
If all goes as planned, you'll see it listed in the first half of 2026 (pending regulatory green lights).
This could be one of the biggest moves in India's finance scene next year.
So, what does SBIFM actually do?
Founded back in 1992, SBIFM is a joint venture between State Bank of India and France's Amundi.
They manage a massive ₹28.31 trillion in assets and hold a 15.5% market share—so they're kind of a big deal when it comes to mutual funds and investments.
Why should investors care?
This IPO marks the third time an SBI subsidiary is hitting the stock market (after SBI Cards and SBI Life Insurance).
For investors, it means more ways to tap into India's growing asset management sector—and for SBIFM, it unlocks fresh value while combining SBI's reach with Amundi's global expertise.