SBI Funds Management has made the audio recording of its earnings conference call for the quarter ended June 30, 2026, available to investors and stakeholders. The disclosure ensures transparency regarding the company’s financial performance for the period, allowing market participants to review management commentary directly. This move aligns with regulatory mandates for timely and accessible information dissemination.

The earnings call was held on Monday, August 3, 2026, at 7:10 p.m. (IST). Pursuant to Regulation 30 read with Schedule III Part A Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed that the recording is hosted on its official website. The disclosure was issued under reference number FM/CS/2026/345 on August 3, 2026.

Regulatory Compliance and Disclosure Details

The company cited compliance with Regulation 46 of the SEBI Listing Regulations as the basis for making the audio recording publicly accessible. The recording can be accessed at the investor presentation section of the company’s website. Vinaya Datar, Chief Compliance Officer, Company Secretary, and Head Legal, signed the disclosure letter addressed to the National Stock Exchange of India Limited and BSE Limited.

Key Personnel and Trustee Information

The disclosure was authorized by Vinaya Datar, who holds membership number ACS 15527 with the Institute of Company Secretaries of India. The trustee for SBI Mutual Fund is identified as SBI Mutual Fund Trustee Company Private Limited, bearing CIN U65991MH2003PTC138496. The company’s registered office is located at Crescenzo, Plot C-38 & 39, G Block, Bandra Kurla Complex, Bandra (E), Mumbai.

What the Numbers Show

While this specific filing does not disclose financial metrics such as net profit or revenue figures, it confirms the procedural completion of the quarterly earnings communication process. Investors are directed to the company’s website for the detailed financial data discussed during the call. The availability of the recording serves as a primary source for analyzing management’s perspective on the quarter’s performance without relying solely on summarized press releases.

SBI Funds Management Limited reported a standalone net profit of ₹8,728 million for the quarter ended June 30, 2026 (Q1FY27), marking a 3% year-on-year increase from ₹8,450 million in the corresponding period of the previous year. The asset manager’s quarterly average assets under management (QAAUM) reached ₹12.6 trillion, an 11% growth driven by strong inflows in passive funds and systematic investment plans (SIPs). On August 03, 2026, the Board of Directors approved these unaudited financial results alongside strategic initiatives, including a ₹25 crore investment in its wholly owned subsidiary, SBI Funds International (IFSC) Limited, and amendments to its Articles of Association to grant special rights to State Bank of India (SBI) and Amundi India Holding (AIH).

The company’s consolidated revenue from operations grew 15% to ₹11,527 million, while standalone revenue rose 15.2% to ₹11,487 million. This growth was primarily fueled by asset management fees, offsetting a 29% decline in other income to ₹2,363 million. Total expenses increased by 8% to ₹2,419 million, largely due to a 31% rise in fees and commission expenses. Despite higher costs, operating profit expanded by 17% to ₹9,068 million, reflecting improved operational efficiency. The statutory auditors, Kirtane & Pandit LLP, issued a limited review report on the results in compliance with Regulation 33 of the SEBI Listing Regulations.

Financial Performance

Standalone net profit after tax stood at ₹8,728 million compared to ₹8,450 million in Q1FY26. Consolidated net profit was ₹8,803 million. Revenue from operations for the standalone entity was ₹11,487 million, up from ₹9,974 million year-on-year. Other income dropped significantly to ₹2,363 million from ₹3,274 million. Total expenses were ₹2,419 million, with employee benefit expenses remaining stable at ₹1,043 million.

Operational Highlights

SBI Funds Management’s total MF QAAUM stood at ₹12,609 billion, maintaining its position as the industry leader with a 15.1% market share. Passive QAAUM grew 12% year-on-year to ₹4,032 billion, capturing a 27.4% market share in the passive segment. Actively managed equity QAAUM reached ₹5,898 billion. SIP AUM hit ₹2.0 trillion, up 15% year-on-year, with 17 million triggered monthly transactions. The unique customer count rose 12% to 18.2 million, and total live folios increased 14% to 22 million. Digital platforms processed nearly 13 lakh transactions monthly, with 94% of investor transactions routed digitally.

Governance and Strategic Approvals

The Board appointed M/s. N. L. Bhatia & Associates as Secretarial Auditor for five consecutive years, from FY2027 to FY2031, subject to shareholder approval via postal ballot. Shareholders will also vote on the ratification of the Employees' Stock Option Plan 2018 and its extension to subsidiary employees. Additionally, the Board approved amended Articles of Association to grant special rights to SBI and AIH, including board nomination privileges and joint placement rights for matters concerning annual financial plans and debt availing exceeding 10% of net asset value. These changes stem from a Waiver Cum Amendment Agreement dated March 19, 2026. The trading window for designated persons remains closed until August 05, 2026.

What the Numbers Show

While revenue growth remained robust at 15%, the sharp decline in other income indicates that profit growth is increasingly driven by core operational revenues rather than non-operating gains. The operating margin excluding passives improved to 0.39% from 0.37% in the previous quarter, signaling enhanced efficiency in active fund management. The faster growth in passive AUM (12% YoY) compared to active equity AUM (10% YoY) underscores a continued shift towards low-cost investment options among investors, aligning with broader market trends favoring index-based products.