SBI Funds Management Q1 FY27 mutual fund quarterly average assets under management, or QAAUM, stood at ₹12.6 trillion, registering 11% year-on-year growth, according to an earnings call transcript filed with BSE on August 7, 2026. QAAUM was ₹11.4 trillion in the corresponding quarter of the previous year, while the company's overall QAAUM market share stood at 15.1%.

The transcript relates to the earnings conference call held on August 3, 2026, covering the company's financial performance for the quarter ended June 30, 2026. The call was led by Managing Director and CEO Debasish Mishra, alongside other senior executives. It was the company's first earnings call following its listing.

SBI Funds Management said the domestic environment remained supported by steady economic momentum, healthy corporate earnings and constructive equity market conditions, despite intermittent volatility in global interest rates, liquidity and commodities.

Passive and alternate assets expand

The company reported passive QAAUM of ₹4 trillion, up 12% year-on-year. It said the increase reinforced its position in the passive segment as exchange-traded funds and index funds continued to gain acceptance among institutional and retail investors.

Active QAAUM was reported at ₹8.6 trillion, with year-on-year growth of 10% and a three-year compound annual growth rate of 21%, supported by performance and flows. The alternate business also continued to scale, with total non-mutual fund AUM across portfolio management services, advisory, offshore and alternative investment fund assets reaching ₹16.5 trillion.

  • AIF assets stood at ₹6,800 crore, marking 29% year-on-year growth.
  • Offshore funds contributed approximately ₹45,000 crore to overall AUM.
  • Passive QAAUM increased 12% from the year-ago period.

The company did not provide a full profit-and-loss summary in the extracted portion of the transcript.

Industry QAAUM grows around 15%

SBI Funds Management said mutual fund industry QAAUM grew around 15% year-on-year and remained broadly stable sequentially. Equity-oriented assets expanded strongly, with small- and mid-cap segments outperforming during the quarter, while large-cap gains were more moderate.

Monthly systematic investment plan inflows stayed above ₹31,000 crore, indicating resilient retail participation. Debt assets moderated because of institutional redemption patterns and tight short-term liquidity, while passive products continued to expand.

The earnings call transcript is also available on the company's website. SBI Funds Management submitted it under Regulation 30 and Regulation 46 of the SEBI Listing Regulations.