SBI Mutual Fund Unlisted Shares FY24 Results: Rocket Growth and a Shocking Twist!

India's largest mutual fund house, SBI Mutual Fund, has achieved a significant milestone!

As of June 3, 2024, SBI Mutual Fund became the first mutual fund house to surpass ₹10 lakh crore in Average Asset Under Management (AAUM). In the last financial year, SBI Mutual Fund's AAUM grew from ₹7.17 lakh crore to ₹9.14 lakh crore, reflecting a 27% growth. From FY19 to FY24, SBI Mutual Fund's AAUM has grown at a Compound Annual Growth Rate (CAGR) of around 26%.

This growth is mainly due to an increase in the SIP (Systematic Investment Plan) book and greater penetration in T30 and B30 locations. (B30 refers to tier 2 and tier 3 cities beyond the top 30 cities (T30), where mutual fund awareness and penetration are low.)

As of March 31, 2024, SBI Mutual Fund's SIP book stood at ₹3,007 crore.

Now, if you want to invest in SBI Mutual Fund's Pre-IPO, call Planify and make your money fly.

About SBI Mutual Fund Pre IPO Shares:

SBI Mutual Fund is India's largest wealth management company. SBI mutual fund owns more than 200 schemes of mutual funds and provides an opportunity for the investor to invest in these schemes. The schemes offered by SBI Mutual Fund include equity funds, debt funds, hybrid funds, and solution-oriented funds, among others. As of FY23, The company manages ~Rs 7lakh crore AUM, where the market shares increased by 0.84% yearly in FY23 from 16.9% to 17.7%. Net inflows for SBIMF comprise ~33.2% of the industry’s new net inflows during the year.

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