Important StoriesInfosys trims FY27 revenue growth forecast to 1-2% despite Q2 beating estimatesStatistics Min proposes changes in PLFS to include unpaid work, better capture digital platform workersAdani Power Q2 results: Net profit jumps 134% to ₹6,919 croreParsi organisations oppose Tata Sons listing, ask PM to protect its private statusNo AI, No Future? Why India’s wealth managers must adaptFollow UsFOLLOW US ON WHATSAPPHomeGO BACK TO HOME THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. SBI Funds Management net down 6% on rise in expenses Average AUM rises 10% to ₹13.14 lakh crore; equity assets up 11% y-o-y By BL Mumbai Bureau Updated - October 23, 2026 at 06:40 PM. | Mumbai ×ShareWhatsAppXFacebookLinkedInMessengerRedditMailhttps://www.thehindubusinessline.com/money-and-banking/sbi-funds-management-net-down-6-on-rise-in-expenses/article71616173.eceCopy SBI Funds Management, the country’s largest mutual fund, reported that its net profit was down 6 per cent in the September quarter at ₹701 crore against ₹746 crore logged in the same period last year.

Revenue was up 9 per cent at ₹1,193 crore (₹1,095 crore) while other income plunged 57 per cent to ₹45 crore (₹105 crore).

Overall expenses were up 28 per cent at ₹301 crore (₹242 crore) on higher employee benefit at ₹131 crore (₹108 crore) and other expenses at ₹139 crore (₹113 crore).

The average quarterly asset under management increased 10 per cent to ₹13.14 lakh crore (₹11.99 lakh crore) with 11 per cent rise in equity asset at ₹6.22 lakh crore (₹5.58 lakh crore).

The debt oriented asset was down 10 per cent at ₹1.56 lakh crore (₹1.74 lakh crore) while liquid AUM increased 31 per cent to ₹1.20 lakh crore (₹91,800 crore).

Passive quarterly average AUM was up 11 per cent at ₹4.15 lakh crore (₹3.75 lakh crore).

Inflows through Systematic Investment Plan were up 3 per cent at ₹3,900 crore (₹3,800 crore) while SIP asset jumped 15 per cent to ₹2.07 lakh crore (₹1.81 lakh crore). The SIF asset increased 26 per cent quarter-on-quarter (q-o-q) to ₹4,400 crore with a market share of 16 per cent.

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