SBI Mutual Fund plans ₹13,000cr IPO: Details here
NewsBytes | March 11, 2026 11:40 PM CST
What does SBI MF do?
SBI MF is a joint venture between State Bank of India and Amundi. It offers mutual funds and investment products to retail and institutional investors.
The company combines SBI's huge reach across India with Amundi's global investing know-how, so you get both local trust and international expertise.
In this IPO, SBI will sell 6.3% of its stake and Amundi will offload 3.7%.
The company has appointed nine merchant bankers to manage the offering, which the fund house was targeting to file by the end of March 2026, though the process may be delayed by 2-3 months due to auditing.
If you're tracking big moves in finance or thinking about investing yourself someday, this is one to watch!
READ NEXT
-
15 shops gutted in fire near temple in Nalgonda
-
Mehbooba Mufti targets Yogi over Jauhar University demotion order
-
Assam flood situation improves as water levels recede
-
ABP LIVE Pet First | 4 Easy Homemade Dog Popsicles To Keep Your Pet Cool, Hydrated And Happy This Summer
-
Pralhad Joshi Takes Charge As Education Minister After Pradhan Resigns
