Huo Xing Finance reports that, according to market data, on July 21, SBI Funds Management, India’s largest asset management company, listed on the Bombay Stock Exchange, closing up 6.2% at INR 609.75, with a market capitalization of INR 1.24 trillion, approximately USD 12.89 billion, becoming India’s second-largest listed fund management company after ICICI Prudential Asset Management. This IPO raised USD 1.03 billion, making it India’s largest IPO of the year so far, attracting approximately USD 31 billion in subscriptions last week. Anchor investors included BlackRock, along with the sovereign wealth funds of Singapore, Abu Dhabi, and Norway, collectively investing approximately USD 2.785 billion. SBI Funds is a joint venture between India’s largest bank, State Bank of India, and Europe’s largest asset manager, Amundi, with assets under management reaching INR 12.5 trillion as of March 2026.
India's largest asset manager, SBI Funds, surges 6.2% on debut, valued at $12.89 billion.
MarsBitShare
Summary
India’s largest asset manager, SBI Funds Management, surged 6.2% on its debut on July 21, closing at ₹609.75 per share. The company’s market capitalization reached ₹1.24 trillion, or $12.89 billion, making it the second-largest listed fund manager in India. The $1.03 billion IPO attracted $310 billion in subscriptions, with anchor investors including BlackRock and sovereign wealth funds from Singapore, Abu Dhabi, and Norway. SBI Funds, a joint venture between State Bank of India and Amundi, reported AUM of ₹12.5 trillion as of March 2026. On-chain data from the digital asset market shows rising interest in institutional-grade financial products.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.