SBI Funds lists well

SBI Funds got listed today – as against the IPO price of Rs.574, it got listed at 610, going up to Rs.628.80 and this is in a falling market.

SBI Funds Management (SBI AMC), 60% subsidiary of SBI, is India’s largest asset management company (AMC) with assets under management (AUM) of Rs.12.5 lakh cr as of 31.3.26, enjoying 15.3% market share of domestic mutual fund industry AUM. Thanks to parent SBI’s trust and reach, it is also the largest passive / ETF AMC with 28% market share, the largest in B30 (beyond top 30) cities with 19% market share and largest SIP accounts of 1.6 cr with 11% share.

In our IPO Analysis, we had concluded - SBI Funds IPO pricing is attractive for both short term and long term investors. Hence, we recommend ‘apply’ in the IPO.