SBI Mutual Fund first one to cross Rs 10 lakh crore AAUM milestone

SBI Mutual Fund, the largest mutual fund house, has recently achieved another milestone. The fund house became the first mutual fund house in India to cross Rs 10 lakh crore of Average Asset Under Management (AAUM) as on June 3, 2024.

In the last financial year, the AAUM had grown to Rs 9.14 lakh crore from Rs 7.17 lakh crore. The AAUM witnessed a growth of 27%. The fund house AAUM growth has been approximately 26% CAGR from FY19-FY24.

The AAUM growth has been achieved on the back of an increase in the SIP book and penetration in T30 and B30 locations. The SIP book as on March 31, 2024 was Rs 3,007 crore.


The fund house has continued to see keen interest from investors and distribution partners in its existing and new fund offerings of its thematic offerings. SBI Energy Opportunities Fund received Rs 6,800 crore with 1.7 lakh new investors. SBI Automotive Opportunities Fund received Rs 5,710 crore with over 1.11 lakh new investors.

“In a journey spanning over 36 years, there have been many milestones for SBI Mutual Fund as we have evolved over time with a dynamic industry. We are part of a strong lineage of State Bank of India and AMUNDI which places on us a greater responsibility to ensure that we offer solutions that are in our investor’s interests. This achievement is indeed a testament to the trust of our investors, distribution partners and all other stakeholders,” said Shamsher Singh, Managing Director & Chief Executive Officer.

The fund house currently manages 116 mutual fund schemes which includes 44 equity schemes, six hybrid schemes, 57 debt schemes, two commodity based schemes, and seven other schemes (includes index funds and ETFs).

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