Ujjivan SFB Ventures into Wealth Management, Aims for 200 Crore Mutual Fund AUM in First Year
Ujjivan Small Finance Bank Ltd has entered the mutual fund distribution business, with a stated aim of achieving Rs 200 crore in Assets Under Management (AUM) within its inaugural year of operations. The bank confirmed that the venture was launched in May 2026, following previous approvals and interactions with industry analysts.The company clarified that the expansion into wealth management does not involve negotiations with any third party. This move follows a sequence of events detailed by the institution:
- February 5, 2026: The authorized Board Committee approved the launch and rollout of the mutual fund distribution business.
- May 2026: The Mutual Fund Distribution business was officially rolled out for the bank’s customers.
- June 17, 2026: Mr. Hitendra Jha, Head-Retail Liabilities, TASC and TPP at Ujjivan SFB, participated in an interview with ET BFSI where the venture details were shared publicly.
- July 7, 2026: The article detailing the bank's entry into the wealth business was published by Economic Times BFSI.
Ujjivan Small Finance Bank provided insights regarding the financial scale of this particular division. Management noted that based on projections, the revenue derived from mutual fund distribution and related products is expected to be between 0.5% and 1% of the projected Rs 200 crore AUM. This activity is estimated to generate a revenue of approximately 1-2 crores for the bank.
The bank further stated that, despite the recent market movement observed in its stock, which saw a rise from Rs 59.69 to Rs 63.30 on July 9, 2026, the news article pertaining to the new venture had no bearing on the bank's current share price. The institution committed to continuing timely disclosure of all material and price-sensitive information in compliance with applicable laws.
UJJIVANSFB Stock Price Movement
As of 9:37 AM in live trading, shares of Ujjivan Small Finance Bank Limited are rallying strongly, rising 2.57% to trade at ₹64.19. The movement is underpinned by significant intraday activity, with nearly 3.84 million shares changing hands as the stock climbs.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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