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
-
Grandfather Dhuni temple never closes, remains open even during eclipse
-
6 Delicious Ways To Enjoy Your Coffee Cold This Summer
-
IPL 2026: Sunrisers Hyderabad flew in the storm of Priyansh Arya-Shreyas Iyer, Punjab Kings won even after spending 219 runs.
-
Sanju Samson’s first half-century for CSK, did this miracle for the first time with Gaikwad
-
IPL 2026: PBKS chase down 220 vs SRH with Iyer, Arya, Singh heroics
