SBI Funds Management posts profit rise in first results since IPO- Moneycontrol.com

•SBI Funds Management posted a consolidated net profit of Rs 880 crore for Q1, up from Rs 849 crore a year earlier.

•The company is a joint venture between State Bank of India and Amundi, Europe's largest asset manager.

•AUM rose 11% yoy to Rs 12.6 lakh crore as at June 30, 2026 retaining its position as the country's largest mutual fund manager with a 15.1% market share.

•The profit rise comes in the company's first results since its IPO.