SBI Mutual Fund
| Market Cap | ₹132,914Cr. | Stock P/E | 64.1 |
| Current Price | ₹2625 | Book Value | ₹133.3 |
| Lot Size | 100 | 52W Low | ₹ |
| 52W High | ₹ | Demat Account | NSDL\CDSL |
| EPS | 40.94 | ISIN | INE640G01020 |
| Debt to Equity | 0 | Valuation | ⭐⭐⭐⭐⭐ |
| Face Value | 1 | No. of Shares | 50.63 |
Description
| Buy Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 2362.5 | 100 | ₹ 236,250 |
| Sell Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 2625 | 100 | ₹ 262,500 |
Company Overview:
Company Overview : SBI Funds Management Ltd is a prominent asset management company based in India. A subsidiary of the State Bank of India, it specializes in offering a diverse range of mutual fund products and investment solutions to cater to the financial goals of a wide investor base. With a focus on transparency, innovation, and customer-centricity, SBI Funds Management has established itself as a trusted player in the asset management industry. The company is known for its robust research capabilities, experienced fund management team, and a comprehensive suite of investment options spanning equity, debt, and hybrid funds. SBI Funds Management Ltd is dedicated to helping investors build and preserve wealth through disciplined and strategic investment approaches.
Announcement and News
RBI Greenlights SBI Mutual Fund Acquisition of 9.99% Stake in Karur Vysya Bank Aug 27, 2024
The RBI’s approval for SBI Mutual Fund to acquire up to a 9.99% stake in Karur Vysya Bank signals a significant shift in India’s banking sector. This decision reflects the regulator’s openness to increased institutional investment in banks, potentially enhancing governance and capital inflow. However, the strict conditions imposed, including ownership caps and timeline requirements, highlight RBI’s cautious approach to maintaining stability and preventing control concentration.
This move could set a precedent for similar arrangements, potentially reshaping the ownership landscape of Indian banks. It underscores the growing influence of mutual funds in the banking sector and the complex role of public sector entities like SBI in these investments. The decision may pave the way for more diversified ownership structures in Indian banks, balancing the benefits of institutional investment with regulatory oversight to ensure financial stability.
Financial Data (IN CR.)
| YEAR | 2024 | 2023 | 2022 |
|---|---|---|---|
| NET SALES | 3273.2 | 2303.3 | 1958 |
| TOTAL INCOME | 3426.1 | 2412.6 | 2000.1 |
| NET PROFIT | 2072.8 | 1339.7 | 1082.4 |
| SHAREHOLDERS FUND | 6747.7 | 4751.4 | 3586.7 |
| TOTAL ASSETS | 7106.9 | 4983.9 | 3797.9 |
| EPS | 40.94 | 26.46 | 21.38 |
Financial Docs
Profit and Loss (IN CR.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Revenue | 1958 | 2303 | 3273 |
| Cost of Material Consumed | 0 | 0 | 0 |
| Gross Margin | 100 | 100 | 100 |
| OPM | 78.24 | 73.86 | 78.4 |
| Other Income | 52 | 109 | 165 |
| Other Expenses | 138 | 276 | 339 |
| Depreciation & Amortization | 33 | 34 | 37 |
| Profit before tax | 1439 | 1782 | 2686 |
| Net Profit Margin | 55.26 | 58.18 | 63.34 |
| EPS in Rs | 21.64 | 26.64 | 40.98 |
| Finance Cost | 4.4 | 5 | 8 |
Balance Sheet (IN Cr.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Share Capital | 50 | 50.3 | 50.58 |
| Reserves | 3536 | 4701 | 6697 |
| Borrowings | 0 | 0 | 0 |
| Other Liabilities | 196 | 217.7 | 339.42 |
| Total Liabilities | 3798 | 4984 | 7107 |
| Fixed Assets | 220 | 227 | 257 |
| CWIP | 0 | 2 | 0 |
| Investments | 3395 | 4609 | 6645 |
| Other Assets | 135 | 90 | 97 |
| Total Assets | 3798 | 4984 | 7107 |
Shareholding Pattern
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| State Bank Of India | 62.59% | 62.59% | 62.21% |
| Amundi India Holding | 36.76% | 36.76% | 36.54% |
| Others | – | – | 1.25% |