SBI Funds Management Q1 Profit Jumps 3% to Rs 873 Crore

New Delhi, Aug 3 (PTI) SBI Funds Management on Monday reported a 3 per cent year-on-year rise in standalone profit after tax to Rs 873 crore in the quarter ended June 2026.

The company had posted a profit after tax of Rs 845 crore in the corresponding quarter of the previous financial year.

Its total income rose 5 per cent to Rs 1,385 crore in the June quarter from Rs 1,324.8 crore in the year-ago period, SBI Funds Management said in a stock exchange filing.

Total expenses increased 8 per cent to Rs 242 crore during the quarter under review from Rs 224 crore a year earlier.


The company's mutual fund quarterly average assets under management (QAAUM) stood at Rs 12.6 lakh crore in the quarter ended June 30, 2026, registering an 11 per cent year-on-year growth.

SBI Funds Management retained its position as the country's largest mutual fund manager, with a market share of 15.1 per cent during the quarter.

The company is a joint venture between State Bank of India (SBI) and France-based Amundi, one of the world's leading asset management companies.

SBI Funds Management made its stock market debut last month, making this its first quarterly earnings announcement since listing on the bourses.