SBI Funds Management Approves Quarterly Results and Strategic Governance Moves

SBI Funds Management Approves Quarterly Results and Strategic Governance Moves​

SBI Funds Management Limited has announced several key board decisions, including the approval of its un-audited quarterly financial results and critical updates to corporate governance. The company also finalized plans for further investment into its wholly owned subsidiary, SBI Funds International (IFSC) Limited.

The Board of Directors met on August 3, 2026, and approved both the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The standalone results were subjected to a limited review by statutory auditors, while the consolidated results were reviewed by independent chartered accountants.

Financial Highlights (Standalone)​

The company reported Total Income of 13,849.43 million and Net Profit for the Period of 8,728.06 million in its un-audited standalone statement. Key figures from the standalone financials for the quarter ended June 30, 2026 (unaudited) compared to the prior year’s corresponding periods are summarized below:

Governance and Appointments​

The Board approved several significant governance appointments and structural changes:

• Secretarial Auditor Appointment: M/s. N. L. Bhatia & Associates was appointed as the Secretarial Auditor of the Company for a term of five consecutive years, running from financial year 2026-27 to financial year 2030-31.
• Articles of Association (AOA) Amendment: The company adopted amended Articles of Association (AOA). These changes are intended to grant special rights to certain shareholders, following a Waiver Cum Amendment Agreement executed among the Company, State Bank of India, Amundi India Holding, Amundi Asset Management, and Credit Agricole S.A.
• Special Rights Grant: Special rights were granted to State Bank of India (SBI) and Amundi India Holding (AIH), as defined in a Governance Agreement dated March 19, 2026. These rights cover matters including annual financial planning and capital planning, introduction or material modification to long-term compensation plans for key employees, debt availed by the Company exceeding 10% of net asset value, and material changes in accounting or taxation policy.

Investment in IFSC Subsidiary​

The company greenlit further investment in its wholly owned subsidiary, SBI Funds International (IFSC) Limited. The planned investment, which will be executed through a Right Issue of SBI Funds International (IFSC) Limited, is set at up to an amount not exceeding INR equivalent to Rs 25 Crores.

SBI Funds International (IFSC) Limited was incorporated on February 7, 2024, and holds Paid up Capital of Rs 25,00,00,000 as of March 31, 2026. The entity is registered as a Fund Management entity (Retail) with IFSCA and focuses on Portfolio Management Services and Investment Management for funds domiciled in Gift City.

The Board approved the investment to meet sponsor contribution requirements and to allow SBI IFSC to achieve its strategic objectives within the GIFT City platform. No change in shareholding structure will occur, as the Company will continue to hold 100% of the share capital of SBI IFSC Limited.

SBIFUNDS Stock Price Movement​

Shares of SBI Funds Management Limited closed today after slipping by 0.17% to settle at ₹588.05. The stock traded with a volume of 2.62 million shares, having experienced an intraday range between a low of ₹583.20 and a high of ₹592.90.