SBI Mutual Fund
SBI & AMUNDI Asset Management jointly aims to develop the Company as an AMC of international repute by adopting global best practices and maintaining international standards. Profit after Tax (PAT) of SBIFM has increased from ₹1,331 Cr. in FY 2023 to ₹ 2,073 in FY 2024 an absolute growth of 56%.
- Fundamentals
- Key Financials
- Shareholding
- About Co.
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Book Value
₹ 95.00
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EPS
₹ 40.90
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ISIN
INE640G01020
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Face Value
₹ 1
- Profit & Loss
| (in Rs. Crore) | FY22 | FY21 |
|---|---|---|
| in Rs lakhs | For the Year Ended 31 Mar 2022 (` in Lakhs) | For the Year Ended 31 Mar 2021 (` in Lakhs) |
| Revenue from Operations | ||
| (i) Fees and commission income | 183186.58 | 143362.51 |
| (ii) Net gain on fair value changes | 12112.05 | 17353.57 |
| I. Total revenue from operations | 195298.63 | 160716.08 |
| II. Other Income | 4263.41 | 1060.50 |
| III. Total Income (I+II) | 199562.04 | 161776.58 |
| Expenses | ||
| (i) Finance cost | 444.16 | 398.71 |
| (ii) Scheme expenses | 5111.39 | 5129.31 |
| (iii) Employee benefits expenses | 28865.18 | 23964.13 |
| (iv) Depreciation and amortization expense | 3317.93 | 3169.13 |
| (v) Other expenses | 19092.90 | 15232.47 |
| IV. Total expenses | 56831.56 | 47893.75 |
| V. Profit / (Loss) before exceptional items and tax (III-IV) | 142730.48 | 113882.83 |
| VI. Exceptional Items | - | - |
| VII. Profit/(Loss) before tax (V-VI) | 142730.48 | 113882.83 |
| VIII. Tax Expense | ||
| - Current Tax | 36800.00 | 26059.49 |
| - Deferred Tax | -1134.43 | 1546.94 |
| IX. Profit / (Loss) for the period (VII-VIII) | 107064.91 | 86276.40 |
| X. Other Comprehensive Income | ||
| (i) Remeasurements of defined benefit plans | 137.55 | -315.37 |
| (ii) Deferred tax on above | -34.62 | 79.38 |
| XI. Total Comprehensive Income for the period | 107167.84 | 86040.41 |
| XII. Earnings per equity share | ||
| Basic (`) | 21.33 | 17.24 |
| Diluted (`) | 21.33 | 17.34 |
| (in Rs. Crore) |
|---|
- 2024
The Indian mutual fund industry was established in 1963 with the launch of Unit Trust of India (UTI), a joint initiative by the Government of India and the Reserve Bank of India. SBI Mutual Fund, the first non-UTI mutual fund, boasts 37 years of rich experience in fund management. They have a strong lineage that traces back to the State Bank of India (SBI) - India's largest bank. SBIMFPL is a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies. SBI currently holds 62.11% stake in SBIFML, 36.47% stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding and 1.42% stake is held by others.
SBI & AMUNDI Asset Management jointly aims to develop the Company as an AMC of international repute by adopting global best practices and maintaining international standards. Profit after Tax (PAT) of SBIFM has increased from ₹1,331 Cr. in FY 2023 to ₹ 2,073 in FY 2024 an absolute growth of 56%.
SBI Mutual Fund has become the first fund house in India to exceed ₹10 lakh crore in assets under management (AUM), reaching ₹10.99 lakh crore in the September quarter. The total industry AUM is at ₹66.22 lakh crore- SBI MF accounts for ~ 18% of the industry AUM. It is also the Largest ETF player in FY24 with a market share of 43%.
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Mr. Dinesh Kumar Khara
Chairman
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Mr. Vinay M. Tonse
Managing Director & CEO
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Mr. Fathi Jerfel
Associate Director
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Mr. O. P. Gahrotra
Independent Director
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Mr. Swaminathan Janakiraman
Associate Director
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Mr. C. N. Ram
Independent Director
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Mr. Moiz Miyajiwala
Independent Director
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Mr. Denys Charles Jean Marie Fougeroux De Campigne
Alternate Director to Mr. Fathi Jerfel
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Ms. Sudha Krishnan
Independent Director
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Mr. Shekhar Bhatnagar
Independent Director
Source: Company Annual Reports
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