The record
Written from the 1 report below. Nothing here is unsourced.
- SBI Funds Management, India's largest mutual fund house, reported a 4% rise in net profit to ₹880 crore for the June quarter, up from ₹849 crore a year ago.
- Revenue from operations grew 15% to ₹1,153 crore, while other income fell 28% to ₹237 crore.
- The average quarterly assets under management rose 11% to ₹12.51 lakh crore, and monthly inflows through SIPs grew 14% year-on-year to ₹4,000 crore, though they dipped 2% sequentially.
- The company's shares closed marginally lower at ₹588 on Monday.
What to watch next
- Sequential dip in SIP inflows — whether it continues next quarter
- Trend in other income, which fell 28% year-on-year
- Growth in average AUM and equity AUM in upcoming quarters
Coverage1
1 report
English national1
All filed from India
Named India · SBI Funds Management
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.