SBI Fund Management's stock price surged 8.8% on the first day of listing on Tuesday. It has become India's second-largest asset management company in terms of market value. Investors are optimistic about the development prospects of the country's $853 billion asset management industry. The stock once climbed to 624.3 rupees, bringing the asset management company's market capitalization to Rs1.26 trillion. The market capitalization of peer companies ICICI Prudential Asset Management and HDFC Asset Management are Rs1.54 trillion and Rs1.13 trillion, respectively. SBI Fund Management is a joint venture between India's largest lender, the State Bank of India, and Europe's largest asset management company, AXA. As of March 2026, its assets under management reached 12.5 trillion rupees, making it the largest asset management company in India.

SBI Fund Management's stock price surged 8.8% on the first day of listing on Tuesday. It has become India's second-largest asset management company in terms of market value. Investors are optimistic about the development prospects of the country's $853 billion asset management industry. The stock once climbed to 624.3 rupees, bringing the asset management company's market capitalization to Rs1.26 trillion. The market capitalization of peer companies ICICI Prudential Asset Management and HDFC Asset Management are Rs1.54 trillion and Rs1.13 trillion, respectively. SBI Fund Management is a joint venture between India's largest lender, the State Bank of India, and Europe's largest asset management company, AXA. As of March 2026, its assets under management reached 12.5 trillion rupees, making it the largest asset management company in India.