Industry Analysis

As per the Association of Mutual Funds in India (AMFI), the total assets mobilized in FY24 reached ₹1,14,28,216 crore, compared to ₹1,05,07,356 crore in the previous fiscal. Notably, fresh Systematic Investment Plan (SIP) registrations in FY24 surged by 61% year-on-year, totaling 3.72 crore.

The Indian equity market experienced remarkable growth in FY24, with benchmark indices achieving historic milestones. The Nifty climbed to 22,526.60, while the Sensex reached 74,245.17. With a current market capitalization of $4.5 trillion, India ranks as the fifth-largest globally. A report by financial conglomerate Pantomath Group, titled ‘Recap 2024. Crystal Gaze 2025,’ forecasts India's market cap to touch $10 trillion by 2030.
(Source: Industry Research Report and Annual Report)

Overview of SBI Fund Management

SBI Funds Management, a joint venture between the State Bank of India and AMUNDI (a French asset management firm), was established on February 7, 1992, under The Companies Act 1956. Approved by SEBI, it serves as the investment manager for SBI Mutual Fund, offers Portfolio Management Services (PMS) to domestic and international clients, and provides Alternative Investment products through Alternative Investment Funds for high-net-worth individuals and businesses.

The company supports over 12.5 million investors through its 270+ branches, collaborates with more than 1 lakh impanelled distributors, operates in 285 locations across India, and maintains an international Point of Presence in Dubai.