SBI Funds Management Limited IPO

SBI Funds Management Limited is a public limited company incorporated under the Companies Act, 1956. It is an asset management company. The company acts as managers, consultants, trustees, and administrators for mutual funds, unit trusts, venture capital funds, and other investment pools. It also prepares, executes, and administers mutual fund schemes and collects, stores, analyzes, and distributes financial data. The company was founded in 1992 and is based in Mumbai, Maharashtra, India.

The company primarily earns money through management fees from mutual fund schemes and fees from providing portfolio management services and other advisory services to clients. Other income sources include gains from financial instruments, interest income, and dividend income. Its main products and services include Equity and Equity Oriented Schemes, Debt Schemes, Exchange Traded Funds and Index Schemes and Arbitrage Scheme.

In its offer document the company lists its strengths as Largest asset management company in India, benefiting from operating leverage, Market-Systematic Investment Plan (SIP) franchise with investor stickiness and Dual parentage combining SBI’s domestic distribution with Amundi’s global expertise.