SBI Funds Management plans IPO by July 2026 for ₹13,000cr

Business May 18, 2026

SBI Funds Management, India's largest mutual fund company, is set to launch its IPO by July 2026, aiming to raise around ₹13,000 crore.
Top executives have already met with the country's leading asset managers to build excitement and secure early support for the big debut.

SBI Funds Management valued at ₹1.55L/cr

The IPO is planned for early second quarter of fiscal 2027, pending regulatory approvals. SBI Funds filed its draft prospectus with SEBI in March 2026.
The company is a joint venture between State Bank of India (owns 61.9%) and Amundi (36.4%), managing over ₹12.5 lakh crore in assets.
Unlisted shares are valued at ₹760 to ₹770 each, putting SBI Funds' market cap at ₹1.55 lakh crore, right up there with ICICI Prudential and ahead of HDFC Asset Management.