SBI and Amundi Collaborate to Launch SBI Funds Management Listing
IPO Announcement: SBI and Amundi have initiated the process for an Initial Public Offering (IPO) of SBI Funds Management Limited, expected to list on Indian stock exchanges in 2026, pending regulatory approval and market conditions.
Market Leadership: SBIFM, a joint venture between SBI and Amundi, holds a leading position in the Indian asset management industry with over 15.5% market share in mutual funds and total assets under management of INR 28.31 trillion (€269 billion).
Stakeholder Benefits: The IPO aims to offer 10% of SBIFM's capital, enhancing value for existing stakeholders and broadening market participation, while increasing public visibility of the company.
Amundi's Role: Amundi, a top European asset manager, emphasizes its commitment to responsible investment and plans to leverage its global expertise alongside SBI's distribution network to further grow SBIFM in the Indian market.
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