SBI Funds Management544829Quarterly results

Investor presentation and press release on Q2 and H1 FY27 results

SBI Funds Management has shared its investor presentation and press release for the quarter and half year ended September 30, 2026.

By ScoutQuest · Fri 23 Oct 2026, 5:59 PM IST · 2 min read

H1 FY27 Operating Income: ₹23,361 mn (12% YoY)
H1 FY27 Operating Profit: ₹17,972 mn (11% YoY)
MF QAAUM / Market Share: ₹13,140 bn with 15.0% market share

What was shared

The company has shared an investor presentation and a press release on its financial results for the quarter and half year ended September 30, 2026. The figures in the presentation are as of 30th Sep 2026 and are rounded off.

Scale of the mutual fund business

Mutual fund QAAUM: ₹13,140 bn, market share 15.0%
SIP AUM: ₹2,070 bn, market share 12.3%
B-30 MAAUM: ₹3,052 bn, with 19.0% CAGR
SIF QAAUM: ₹44 bn, market share 16.2%
Passive QAAUM: ₹4,152 bn, market share 27.4%

First half FY27 financials

Operating income: ₹23,361 mn, up 12% YoY
Operating profit: ₹17,972 mn, up 11% YoY
Operating margin: 37 bps (mutual fund, excluding passives)

Reach and customer base

136K+ distribution partners (126K+ IFAs, 10K+ Bank & NDs)
297 branches and 23,265 SBI branches
2,141 employees, 98% of pin codes served across India
18.5 mn unique investors and 22.7 mn total MF investor folios
16.2 mn live SIPs and 12.9 mn individual customers from B-30

Product suite

120 total MF schemes, including 35 equity-oriented, 32 debt and 43 ETFs/index fund schemes
5 new schemes launched in Q2 FY27

Asset class trends (QAAUM, YoY)

Equity oriented: ₹6,220 bn, up 11% YoY
Debt oriented: ₹1,565 bn, down 10% YoY
Liquid oriented: ₹1,202 bn, up 31% YoY
Closing MF AUM: ₹12,632 bn, up 6% YoY
Active MF QAAUM: ₹8,986 bn, up 9% YoY

Asset mix shift

Within mutual fund QAAUM, the equity-oriented share moved to 47.0% from 46.5%, passives to 31.6% from 31.3%, debt to 11.9% from 14.5%, liquid to 9.1% from 7.7% and SIF to 0.3% from 0.0%.

Industry context (Sep-26)

Quarterly average AUM of the industry: ₹87.8 tn; closing AUM ₹83.4 tn
Unique investors: 63 mn; SIP flows: ₹325 bn

How to read this

The presentation is a summary of scale, growth and asset mix for the half year. Operating income and operating profit both grew at a double-digit pace year on year, while the debt segment's QAAUM declined. The mix of assets a fund house manages matters because different asset classes carry different fee levels, so the shift towards equity and passives is a detail worth tracking over coming quarters.

Also from SBI Funds Management