SBI Funds Management appoints Gokhale & Sathe as statutory auditor for FY27
- SBI Funds Management Limited appointed Gokhale & Sathe LLP as statutory auditor for FY27
- Appointment made by Comptroller & Auditor General of India on September 7, 2026
- Auditor acceptance letter received on September 22, 2026
- Firm has over 40 years of experience with strong BFSI audit expertise
*this image is generated using AI for illustrative purposes only.
SBI Funds Management Limited has appointed M/s. Gokhale & Sathe LLP, Chartered Accountants, as its statutory auditor for the financial year 2026-27. The appointment was made by the Comptroller and Auditor General of India (C&AG) via a letter dated September 7, 2026.
The firm conveyed its acceptance of the appointment on September 22, 2026. This development was disclosed to stock exchanges in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Auditor profile and expertise
M/s. Gokhale & Sathe LLP brings over 40 years of experience in professional services. The firm comprises 15 partners and a team of more than 200 professionals delivering assurance, tax, and advisory services.
Key aspects of the new auditor's practice include:
- BFSI specialization: Extensive experience in statutory audits of banks, housing finance companies, NBFCs, and other financial institutions.
- Regulatory compliance: Strong focus on financial reporting, regulatory requirements, and corporate governance.
- Advisory services: End-to-end direct tax and GST services, including litigation support and tax planning.
- Internal controls: Risk-based internal audits and internal financial control reviews to strengthen governance.
Regulatory compliance details
The appointment falls under the mandate for government companies or entities where the C&AG is responsible for auditor selection. The company confirmed that the details required under the SEBI Master Circular dated January 30, 2026, were enclosed with the filing.
| Particulars | Details |
|---|---|
| Auditor Name | M/s. Gokhale & Sathe LLP |
| FRN | 103264W |
| Appointment Date | September 22, 2026 |
| Appointing Authority | Comptroller & Auditor General of India |
| Term | Financial Year 2026-27 |
| Reason for Change | Appointment by C&AG |
The intimation is available on the company's website at sbifunds.com in compliance with Regulation 46 of the SEBI Listing Regulations.
Historical Stock Returns for SBI Funds Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.55% | -6.85% | -4.76% | -8.90% | -8.90% | -8.90% |
How might Gokhale & Sathe's specialized BFSI audit experience influence SBI Funds Management's internal risk management frameworks in the coming fiscal year?
What are the potential implications of this auditor change for SBI Funds Management's compliance posture regarding recent SEBI regulatory updates on mutual fund governance?
Could the appointment of a firm with strong tax advisory capabilities lead to changes in SBI Funds Management's operational cost structures or tax planning strategies?
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