23-Oct-2026 23:12:19
SBI FUNDS MANAGEMENT Q2 FY27 : OPERATING COST PRESSURES EXPECTED TO MODERATE, 4 NEW SIF PRODUCTS PLANNED & PRIVATE EQUITY AND CREDIT EXPANSION IN FOCUS
• MANAGEMENT EXPECTS PARTIAL MODERATION IN ELEVATED OPERATING EXPENSES FROM Q3 FY27 • APPROXIMATELY 50–60% OF Q2 INCREMENTAL COST INCREASE EXPECTED TO RECUR • HIGHER EMPLOYEE EXPENSES LIKELY TO FORM A NEW RECURRING COST BASE • COMPANY'S OWN DATA CENTRE EXPECTED TO GO LIVE WITHIN TWO MONTHS, POTENTIALLY REDUCING CLOUD COSTS • MUTUAL FUND AUM UP 10% YOY TO ₹13.14 LAKH CR, WITH APPROXIMATELY 15% INDUSTRY MARKET SHARE • ACTIVE AUM UP 9% YOY TO ₹8.99 LAKH CR, WHILE PASSIVE AUM GREW 11% TO ₹4.15 LAKH CR • LIQUID FUND AUM UP 31% YOY TO ₹1.20 LAKH CR • MONTHLY SIP INFLOWS UP 15% YOY TO APPROXIMATELY ₹3,900 CR • ALTERNATIVE INVESTMENT AUM UP 27% YOY TO ₹7,437 CR, WITH MANAGEMENT EXPECTING MEANINGFUL LONG-TERM CONTRIBUTION • COMPANY PLANNING APPROXIMATELY 4 ADDITIONAL SIF PRODUCTS TO EXPAND INVESTMENT OFFERINGS • PRIVATE EQUITY & PRIVATE CREDIT EXPANSION PLANNED THROUGH CATEGORY II AND III AIF CAPABILITIES • EQUITY MANAGEMENT YIELD EXPECTED AROUND 62–63 BPS, DEBT AT 34–35 BPS & LIQUID FUNDS AT 11–12 BPS • MANAGEMENT TARGETING GREATER DISTRIBUTION THROUGH NON-SBI BANKS, INDEPENDENT DISTRIBUTORS & DIGITAL CHANNELS • COMPANY EVALUATING MUTUAL FUND-ONLY PMS PRODUCTS, SUBJECT TO REGULATORY IMPLEMENTATION • HIGHER RECURRING STAFF COSTS, TECHNOLOGY SPENDING, MARKET VOLATILITY & ASSET-MIX CHANGES REMAIN KEY PROFITABILITY RISKS
SBI FUNDS MANAGEMENT LTD