SBI Funds Management net down 6% on rise in expenses

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Average AUM rises 10% to ₹13.14 lakh crore; equity assets up 11% y-o-y

By BL Mumbai Bureau

Updated - October 23, 2026 at 06:40 PM. | Mumbai

SBI Funds Management, the country’s largest mutual fund, reported that its net profit was down 6 per cent in the September quarter at ₹701 crore against ₹746 crore logged in the same period last year.

Revenue was up 9 per cent at ₹1,193 crore (₹1,095 crore) while other income plunged 57 per cent to ₹45 crore (₹105 crore).

Overall expenses were up 28 per cent at ₹301 crore (₹242 crore) on higher employee benefit at ₹131 crore (₹108 crore) and other expenses at ₹139 crore (₹113 crore).

The average quarterly asset under management increased 10 per cent to ₹13.14 lakh crore (₹11.99 lakh crore) with 11 per cent rise in equity asset at ₹6.22 lakh crore (₹5.58 lakh crore).

The debt oriented asset was down 10 per cent at ₹1.56 lakh crore (₹1.74 lakh crore) while liquid AUM increased 31 per cent to ₹1.20 lakh crore (₹91,800 crore).

Passive quarterly average AUM was up 11 per cent at ₹4.15 lakh crore (₹3.75 lakh crore).

Inflows through Systematic Investment Plan were up 3 per cent at ₹3,900 crore (₹3,800 crore) while SIP asset jumped 15 per cent to ₹2.07 lakh crore (₹1.81 lakh crore). The SIF asset increased 26 per cent quarter-on-quarter (q-o-q) to ₹4,400 crore with a market share of 16 per cent.

Published on October 23, 2026

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