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SBI Mutual Fund plans IPO in 2026, chairman C.S. Setty confirms.
IPO Timeline: State Bank of India (SBI) has confirmed that SBI Mutual Fund is being prepared for an initial public offering (IPO), with the intention to complete the listing within the next 12 months, targeting 2026 for the public issue.
Leadership Confirmation: SBI Chairman C.S. Setty stated the IPO plan is a priority and that the company is actively working on the process, including appointing merchant bankers and necessary advisers.
Stake Sale: The IPO will involve a combined sale of approximately 10% stake by the two promoters — SBI and Amundi — in SBI Mutual Fund.
Financing Position: Setty emphasised that SBI does not require fresh capital for the next five years, supported by strong capital ratios and internal accruals, meaning the proceeds from the mutual fund IPO are not needed to fund core credit growth.
Strategic Context: The listing is part of a broader effort to increase the universe of investable companies in India’s markets, catering to growing investor demand for diversified investment options.
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