SBI Mutual Fund assets averaged ₹13.1 lakh crore in the quarter ended September 30, 2026, up 10% from a year earlier, its asset manager said. SBI Funds Management also reported an 11% rise in operating profit for the first half of the financial year.

SBI Mutual Fund assets and market share

The Association of Mutual Funds in India’s fund-wise average assets report lists SBI Mutual Fund’s quarterly average assets at approximately ₹13.1 lakh crore, excluding domestic funds of funds. SBI Funds Management said its overall market share was 15%.

Actively managed equity assets averaged nearly ₹9 lakh crore during the quarter, up 9% year over year, with a 12.4% share of that segment. Assets in systematic investment plans rose 15% to ₹2.07 lakh crore, giving the company a 12.3% share. Such plans allow investors to contribute fixed amounts to mutual funds at regular intervals.

First-half operating profit rises

Operating profit reached ₹1,797 crore in the first half of fiscal 2026–27, while operating revenue rose 12% to ₹2,336 crore, the company said. The profit and revenue figures cover six months, rather than the three-month period used for average assets.

As of September 30, the company reported 1.85 crore customers, 2,141 employees and 297 branches and points of acceptance. SBI Funds Management is a joint venture involving State Bank of India and French asset manager Amundi.

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