India $311 Billion Asset Manager SBI Funds Management to File for India IPO in 2026 March to Raise $1.5 Billion at $15 Billion Valuation, SBI Funds Management Founded in 1992, State Bank of India (SBI) Owns 61.9% Stake & $2.6 Trillion Asset Manager Amundi Owns 36.4% Stake
19th February 2026 | Hong Kong
India asset manager SBI Funds Management ($311 billion AUM) is planning to file for India IPO in 2026 March to raise $1.5 billion at $15 billion valuation. In 2026 January, India asset manager SBI Funds ($311 billion AUM) India IPO in 2026 1st half is reported to be raising $1.4 billion at $14 billion valuation. In 2025 November, the State Bank of India (SBI) & France asset manager Amundi ($2.6 trillion AUM) announced SBI Funds Management India IPO in 2026 & selling 10% stake. SBI Funds Management was founded in 1992. State Bank of India (SBI) currently owns 61.9% stake & Amundi owns 36.4% stake. Announcement (6/11/25): “State Bank of India (“SBI”) and Amundi have jointly initiated an Initial Public Offering (IPO) of SBI Funds Management Limited (“SBIFM”). The listing on the stock exchanges in India should occur in 2026, subject to regulatory approval and market conditions. Incorporated in 1992, and currently owned by SBI (61.9%), Amundi (36.4%) and others (including Employee Stock Ownership Programs) SBIFM has become the leader in the Indian asset management industry, with a market share above 15.5% in mutual funds, and total assets under management of INR 28.31 trillion (€269 billion). At IPO, it is intended that 10% of the SBIFM capital will be offered for sale, 6.3% sold by SBI and 3.7% by Amundi.”
“ India $311 Billion Asset Manager SBI Funds Management to File for India IPO in 2026 March to Raise $1.5 Billion at $15 Billion Valuation, SBI Funds Management Founded in 1992, State Bank of India (SBI) Owns 61.9% Stake & $2.6 Trillion Asset Manager Amundi Owns 36.4% Stake “
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India $311 Billion Asset Manager SBI Funds India IPO in 2026 1H to Raise $1.4 Billion at $14 Billion Valuation, SBI Funds Management Founded in 1992, State Bank of India (SBI) Owns 61.9% Stake & $2.6 Trillion Asset Manager Amundi Owns 36.4% Stake
6th January – India asset manager SBI Funds ($311 billion AUM) India IPO in 2026 1st half is reported to be raising $1.4 billion at $14 billion valuation. In 2025 November, the State Bank of India (SBI) & France asset manager Amundi ($2.6 trillion AUM) announced SBI Funds Management India IPO in 2026 & selling 10% stake. SBI Funds Management was founded in 1992. State Bank of India (SBI) currently owns 61.9% stake & Amundi owns 36.4% stake. Announcement (6/11/25): “State Bank of India (“SBI”) and Amundi have jointly initiated an Initial Public Offering (IPO) of SBI Funds Management Limited (“SBIFM”). The listing on the stock exchanges in India should occur in 2026, subject to regulatory approval and market conditions. Incorporated in 1992, and currently owned by SBI (61.9%), Amundi (36.4%) and others (including Employee Stock Ownership Programs) SBIFM has become the leader in the Indian asset management industry, with a market share above 15.5% in mutual funds, and total assets under management of INR 28.31 trillion (€269 billion). At IPO, it is intended that 10% of the SBIFM capital will be offered for sale, 6.3% sold by SBI and 3.7% by Amundi.”
State Bank of India (SBI) & France $2.6 Trillion Asset Manager Amundi Announced SBI Funds Management ($311 Billion AUM) India IPO in 2026 & Selling 10% Stake, SBI Funds Management Founded in 1992, State Bank of India (SBI) Currently Owns 61.9% Stake & Amundi Owns 36.4% Stake
8th November – The State Bank of India (SBI) & France asset manager Amundi ($2.6 trillion AUM) have announced SBI Funds Management ($311 Billion AUM) India IPO in 2026 by & selling 10% stake. SBI Funds Management was founded in 1992. State Bank of India (SBI) currently owns 61.9% stake & Amundi owns 36.4% stake. Announcement (6/11/25): “State Bank of India (“SBI”) and Amundi have jointly initiated an Initial Public Offering (IPO) of SBI Funds Management Limited (“SBIFM”). The listing on the stock exchanges in India should occur in 2026, subject to regulatory approval and market conditions. Incorporated in 1992, and currently owned by SBI (61.9%), Amundi (36.4%) and others (including Employee Stock Ownership Programs) SBIFM has become the leader in the Indian asset management industry, with a market share above 15.5% in mutual funds, and total assets under management of INR 28.31 trillion (€269 billion). At IPO, it is intended that 10% of the SBIFM capital will be offered for sale, 6.3% sold by SBI and 3.7% by Amundi.”
Valérie Baudson, Chief Executive Officer of Amundi: “Over the years, SBI Funds Management Limited has established itself as the leader in India’s asset management industry. It has grown successfully, leveraging on the powerful distribution capacity of SBI’s network in India, combined with Amundi’s global expertise in asset management. This IPO will allow to unlock the value jointly created by SBI and Amundi, which will continue their long-term partnership in a fast-growing Indian market that presents significant development potential.”
SBI Chairman, Shri Challa Sreenivasulu Setty: “SBI Funds Management Limited will be the third subsidiary of SBI to be listed after SBI Cards and SBI Life Insurance. Considering SBIFM’s sustained strong performance and market leadership over the years, it is considered an opportune time to launch the IPO process. Apart from maximizing value realization for the existing stakeholders, the IPO will create opportunities for the general shareholders, broaden market participation and lead to increased awareness of products to a wider set of potential investors. This will further enhance the public visibility of the Company, thereby reinforcing its position as a leading player in the asset management industry”.
Amundi – Amundi, the leading European asset manager, ranking among the top 10 global players, offers its 100 million clients – retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.3 trillion of assets. With its six international investment hubs6, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape. Amundi clients benefit from the expertise and advice of 5,600 employees in 35 countries. Amundi, a trusted partner that acts every day in the interest of its clients and society.
SBIFM – SBIFM is the asset management arm of SBI Mutual Fund, and a joint venture between the State Bank of India (SBI), the Banker to every Indian, and Amundi, Europe’s leading asset manager, ranked among the top 10 global asset managers. With over 38 years of investment experience, SBIFML brings a strong pedigree, deep expertise, and a well-established reputation in the Indian asset management industry. SBIFM offers a comprehensive suite of investment solutions, including Mutual Funds, Specialized Investment Funds (SIFs), Portfolio Management Services, Offshore Funds, Alternative Investment Funds (AIFs), and specialised offerings through GIFT City. These solutions cater to a diverse investor base, including Retail Investors, High-Net-Worth Individuals (HNIs), Ultra High-Net-Worth Individuals (Ultra HNIs), Non-Resident Indians (NRIs), Corporates, and Institutional Clients. SBIFM was the first asset management company in India’s mutual fund industry to adopt the CFA Institute Asset Manager Code of Conduct, demonstrating its commitment to the highest standards of ethics and professionalism. It is also a signatory to the United Nations Principles for Responsible Investment (UN PRI), underscoring its dedication to sustainable and responsible investing.
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