INDIA MARKET LENS
2 outlets◆ MixedQuarterly Results

Invesco and Motilal Oswal lead AUM growth in Q2 FY27, shows data

State Bank of India is in focus in a quarterly results development for Q2 FY27.

6 Oct 2026 · BS Companies, Business Standard Mkts

Invesco, Motilal Oswal, and HSBC logged over 10% QoQ growth, while SBI MF drove overall industry volumes, adding ₹53,146…

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Period
Q2 FY27

State Bank of India reported ₹53,146 cr for Q2 FY27, with movement of 10% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -1.1% on the day at ₹948.05, and has returned -8.7% over three months. It sits 23% below its 52-week high. The banks sector has moved -4.0% over the same period, so State Bank of India is running 4.7 points behind its peers.

For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.

  • Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
  • The company directly in focus is SBIN.
  • Sector exposure: Banks.
SBINBanks