SBI Funds Management Limited

SBI Mutual Fund was established on 29 June 1987 as a Trust with State Bank of India (SBI) as the sponsor and SBI Mutual Fund Trustee Company Private Limited as the Trustee. It was registered with SEBI on 23 December 1993. On 13 April 2011, an agreement was signed between SBI and AMUNDI Asset Management, making the fund house a joint venture.</br> Today, the fund house offers various mutual fund schemes across equity, debt, hybrid, and other categories. As of 30 September 2024, the fund house manages assets worth Rs. 11,19,756.6 crores, accounting for 16.69% of the mutual fund industry's total assets under management (AUM).