SBI Mutual Fund Achieves ₹10.99 Lakh Crore AAUM in Q2 FY25

SBI Mutual Fund, India’s largest asset management company (AMC), achieved a significant milestone in the September quarter (Q2 FY 2025), reaching an average asset under management (AAUM) of ₹10.99 lakh crore, as per data from the Association of Mutual Funds in India (AMFI). 

This marks a remarkable leap from ₹9.14 lakh crore at the end of FY 2024, reflecting the fund house’s consistent growth and market dominance. In June 2024, SBI Mutual Fund had already surpassed the ₹10 lakh crore mark, becoming the first AMC in India to achieve this feat.

From FY 2019 to FY 2024, SBI Mutual Fund experienced a compound annual growth rate (CAGR) of approximately 26%, which highlights its robust performance over the years. One of the key drivers of this growth has been the steady rise in the Systematic Investment Plan (SIP) book. As of June 2024, SBI Mutual Fund’s AAUM was 30% higher than that of ICICI Mutual Fund and 45% higher than HDFC Mutual Fund, which had AAUMs of ₹8.41 lakh crore and ₹7.59 lakh crore, respectively.

The surge in SIP investments plays a significant role in the increasing AAUM. Currently, Indian mutual funds have approximately 9.87 crore (98.7 million) SIP accounts, indicating a growing base of investors committed to regular, disciplined investing. 

SBI Mutual Fund’s leadership in both overall AAUM and SIP growth underscores its strong position in India’s asset management landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.