SBI Mutual Fund's AUM rises 10% to ₹13.1 trn; H1 operating profit up 11%
State Bank of India moved higher in a mutual funds development with September 30 in focus.
· BS Companies, Business Standard Mkts
SBI Funds Management Ltd, the asset manager of SBI Mutual Fund, reported a 10 per cent year-on-year increase in quarterly average assets under management (QAAUM) to Rs 13.1 lakh crore for the quarter ended September 30, 2026, while operating profit for the first half of the financial year rose 11 per cent to Rs 1,797 crore.
Key facts
- Dates in focus
- September 30
The analysis
State Bank of India reported ₹13.1, Rs 13.1 lakh crore and Rs 1,797 crore, with movement of 9%, 10% and 11% 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 +1.6% on the day at ₹971.90, and has returned -5.6% over three months. It sits 21% below its 52-week high. The banks sector has moved -6.5% over the same period, so State Bank of India is running 0.9 points ahead of 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.
Why it matters
- Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
Market context
- In focus: State Bank of India (SBI) (SBIN), in Banks.
- Over three months: State Bank of India (SBI) -5.6% against Banks -6.5% (0.9 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| State Bank of India (SBI)SBIN · Banks | ₹971.90 | +1.6% | -0.5% | -5.6% | -20.8% | 0.9× | — |
Banks
1M -3.0% · 3M -6.5%
State Bank of India (SBI)
Financial Services
1M -9.6% · 3M -14.3%
Prices as of 29 Oct 2026, 15:30 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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