IPO News: Preparations for SBI Mutual Fund's IPO are in full swing, know every important detail related to it.

News Topical, Digital Desk : IPO News: SBI Mutual Fund has moved forward with its large IPO. The company has begun the process of selecting merchant bankers and other service partners.

According to a PTI report, SBI Chairman CS Setty said that the boards of SBI, Amundi and SBI Funds Management Ltd. have approved a 12-month timeline. He said that the company is currently working with utmost seriousness and aims to enter the market within the stipulated time.

SBI Funds Management Ltd., i.e. SBIFML, is a joint venture between SBI and French company Amundi. SBI holds 61.98 per cent stake and Amundi holds 36.40 per cent. By September 2025, the fund house had assets worth around Rs 12 lakh crore. Sale of 10% stake in IPO Both promoters are planning to sell a total of 10 per cent stake in SBI Mutual Fund's IPO. Last month, SBI had approved the sale of 3,20,60,000 equity shares, which is 6.30 per cent of the total capital of SBIFML. Amundi India Holding will also sell 18,830,000 shares, representing a 3.7006% stake. Together, they will bring 50,890,000 shares to the market, representing a 10.0013% stake. SBI Mutual Fund's business, SBIFML, is the country's largest asset management company, with a market share of 15.55%. As of September 2025, the company's quarterly average AUM was ₹11.99 lakh crore. Additionally, the company had AUM of ₹16.32 lakh crore in alternative funds. SBI Mutual Fund was launched in 1987 and is considered the country's first non-UTI mutual fund. In 1992, SBI Funds Management Ltd. was incorporated as a wholly-owned subsidiary of SBI, responsible for the investment management of SBI Mutual Fund. The total income of SBI Mutual Fund in FY25 was Rs 4,230.92 crore, which is 0.64 percent of the total income of SBI Group.
 

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