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The Latest Breaking News from SBI Funds

RBI reiterates Indian economy remains resilient, but Iran war, deficient monsoon could pose risks to outlook; will there be rate change in August?

The RBI is widely expected to keep interest rates unchanged at its 5 August policy meeting, making it one of the few central banks in the region that has not changed policy in response to the Middle East conflict. Governor Sanjay Malhotra has indicated that the policy rate is likely…

The Economic Times

SBI Funds Management shares fall below IPO price, but brokerages remain bullish. Time to buy?

SBI Funds Management shares slipped below their IPO price after listing, but brokerages remain bullish on the stock, citing strong parentage, a vast distribution network, sticky SIP flows, robust profitability and long-term mutual fund growth opportunities.

The Economic Times

SBI Funds Management said to plan $200 million tech fund

SBI Funds Management is planning a $200 million technology-focused alternative investment fund with venture capital firm 3one4 Capital, marking its entry into India's booming AIF market. The move highlights rising institutional interest in private technology investments as alternative assets gain traction among wealthy investors.

The Economic Times

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SBI Funds shares list below GMP expectations, but Street sees up to 23% upside

SBI Funds Management Share Price: SBI Funds Management debuted with a nearly 7% premium over its IPO price, falling short of grey market expectations. Despite this, brokerages remain bullish, with Emkay assigning a Rs 750 target price and Equirus Rs 675, while analysts advise long-term investors to hold the stock…

The Economic Times

SBI Funds IPO jackpot turns 13 employees into crorepatis; top ESOP haul hits Rs 121 crore

SBI Funds IPO has transformed thirteen employees into crorepatis through stock ownership. Deputy Managing Director Devinder Pal Singh received the largest payout valued at Rs 121 crore. Chief Investment Officer Srinivasan Rama Iyer also secured a stake worth approximately Rs 105 crore. Several other senior executives gained substantial wealth from…

The Economic Times

SBI Funds Management gets 2 fresh buy calls. Why Equirus and Emkay see up to 31% upside

SBI Funds Management received bullish brokerage coverage from Equirus Securities and Emkay Global, with target prices implying up to 31% upside from its IPO price of Rs 574. The stock debuted at a 7% premium on the exchanges, listing at Rs 610 on the BSE and Rs 613.30 on the…

The Economic Times

SBI Funds pays razor-thin banker fees on top India IPO of 2026

Investment banks managing SBI Funds Management's IPO will receive minimal fees. These managers will split fees of ₹46.25 million, a fraction of the deal value. This payout is significantly lower than rival ICICI Prudential Asset Management's offering. Several Wall Street firms declined roles due to the low compensation. SBI Funds…

The Economic Times

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History test! What last 12 billion-dollar IPO listing gains indicate about SBI Funds' Rs 9,813 crore debut

SBI Funds Management is set to debut on the stock market on Tuesday, with an estimated 18% listing gain based on the current grey market premium. While its blockbuster subscription has raised expectations, history shows billion-dollar IPOs have delivered mixed outcomes. Winners like Eternal and ICICI Prudential AMC contrast with…

The Economic Times

SBI Funds Management IPO ends with nearly 42 times subscription as QIBs drive demand on Day 3; GMP hints at 16% premium

SBI Funds Management IPO is experiencing robust investor demand on its final bidding day. The grey market premium indicates a potential listing price of approximately Rs 666 per share. Retail investors have shown steady participation in the ongoing public offering. The company's IPO is a complete Offer for Sale, raising…

The Economic Times

Just 2% return! Will SBI Funds Management break the curse of India's poor billion-dollar IPO record?

India's large IPOs have shown mixed investor returns, with many billion-dollar offerings underperforming. SBI Funds Management's IPO will now test this trend with its strong financials. Analysis shows eight of thirteen large IPOs are trading above their issue prices. However, several major offerings like New India Assurance have seen significant…

The Economic Times

Can SBI Funds Management’s Rs 9,813 crore mega IPO revive a dry stock market? CEO makes bold prediction

SBI Funds Management expects its Rs 9,813 crore IPO to revive investor confidence and boost India's primary market. CEO Debasish Mishra said attractive pricing, strong governance and industry growth prospects could encourage fresh investments and pave the way for more quality listings.

The Economic Times

SBI Funds reduces IPO size to Rs 9,813 crore after pre-offer placement. Will it impact listing gains?

SBI Funds Management has cut its IPO size to Rs 9,813 crore from Rs 11,693 crore after raising Rs 1,655 crore through a pre-IPO placement with 30 anchor investors. The IPO, entirely an offer-for-sale by SBI and Amundi India Holding, will open on July 14. SBI sold 1.42% stake at…

The Economic Times

SBI Funds IPO anchor book draws Capital Group, BlackRock, Goldman, GIC

SBI Funds Management's IPO anchor book saw strong investor interest. Key global and Indian funds participated, subscribing more than twenty times over. The offering is expected to raise approximately $309 million from anchor investors. This marks India's first billion-dollar IPO this year. The public issue opens for subscription on July…

The Economic Times

Up in the air! Can SBI Funds Management IPO investors look past OFS to expect strong listing day gains?

SBI Funds Management's large IPO presents a valuation opportunity for investors. The offer for sale structure may temper immediate listing day gains. Analysts note its scale and brand support long-term investment potential. The company holds a leading market position in asset management. Investors should maintain realistic expectations for initial trading…

The Economic Times

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The Economic Times

SBI to sell 1.42% stake in SBI Funds in pre-IPO deal

State Bank of India is selling a stake in its asset management unit. This pre-IPO placement provides an early valuation benchmark for the company. SBI Funds Management's initial public offering will open for bids on July fourteenth. The asset manager seeks a valuation of up to 1.17 trillion rupees. The…

The Economic Times

SBI’s 15-paise bet: How India's largest bank is turning a tiny cost into mindboggling 382,567% profit

SBI and Amundi India Holding are set to earn combined profits of about Rs 11,658 crore from the Rs 11,693 crore IPO of SBI Funds Management, India's biggest IPO of 2026 so far. The issue, priced at Rs 545-574 per share, is entirely an offer for sale, with no fresh…

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