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SBI Mutual Fund
3.9
based on 354 Reviews
Video summary
Company Overview
Company Locations
Working at SBI Mutual Fund
Company Summary
A prominent asset management entity, leveraging decades of experience to enhance investments while adhering to global finance standards and practices.
Overall Rating
3.9/5
based on 354 reviews
3% above
industry average
Highly rated for
Job security, Work-life balance
Critically rated for
Promotions, Salary
Work Policy
Work from office
98% employees reported
Monday to Saturday
39% employees reported
Strict timing
62% employees reported
Within city
60% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
26 employees reported
Health insurance
23 employees reported
Office cab/shuttle
15 employees reported
Cafeteria
9 employees reported
View all benefits
About SBI Mutual Fund
Founded in1987 (38 yrs old)
India Employee Count1k-5k
Global Employee Count5k-10k
India HeadquartersMumbai, Maharashtra, India
Office Locations
--
Websitesbimf.com
Primary Industry
Other Industries
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View in video summary
With 36 years of rich experience in fund management, we at SBI Funds Management Ltd. (SBIFML) bring forward our expertise by consistently delivering value to our investors. We have a strong and proud lineage that traces back to the State Bank of India (SBI) - India's largest bank. We are a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies. A shareholder agreement in this regard has been entered on April 13, 2011 between SBI & AMUNDI Asset Management. Accordingly, SBI currently holds 62.21% stake in SBIFML, 36.54% stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding and 1.25% stake is held by others. Initially Amundi India Holding’s stake was held by Societe Generale Asset Management S.A. (“SGAM”), a subsidiary of Societe Generale S.A (“SG”) which was transferred to Amundi in June 2011 with due approval of SEBI pursuant to SEBI (Mutual Funds) Regulations, 1996. AMUNDI Asset Management shall provide strategic support to the Company. SBI & AMUNDI Asset Management shall jointly develop the Company as an asset management company of international repute by adopting global best practices and maintaining international standards.
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SBI Mutual Fund Ratings
based on 354 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
162
4
86
3
60
2
15
1
31
Category Ratings
4.0
Job security
3.8
Work-life balance
3.7
Company culture
3.7
Work satisfaction
3.6
Skill development
3.3
Salary
3.1
Promotions
SBI Mutual Fund is rated 3.9 out of 5 stars on AmbitionBox, based on 354 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at SBI Mutual Fund
based on 337 reviews
4.0
Rated by 62 Women
Rated 3.8 for Work-life balance and 3.8 for Job security
3.9
Rated by 275 Men
Rated 4.1 for Job security and 3.8 for Work-life balance
Work Policy at SBI Mutual Fund
based on 42 reviews in last 6 months
Work from office
98%
Hybrid
2%
SBI Mutual Fund Reviews
Top mentions in SBI Mutual Fund Reviews
+ 5 more
Compare SBI Mutual Fund with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 354 reviews | 3.6/5 based on 1.6k reviews | 3.8/5 based on 1.2k reviews | 3.8/5 based on 2.2k reviews |
Highly Rated for | Job security Work-life balance | No highly rated category | No highly rated category | No highly rated category |
Critically Rated for | Promotions Salary | Promotions Skill development Salary | Promotions Salary | Promotions |
Primary Work Policy | Work from office 98% employees reported | Work from office 86% employees reported | Work from office 78% employees reported | Work from office 86% employees reported |
Rating by Women Employees | 4.0 Good rated by 62 women | 3.6 Good rated by 371 women | 3.9 Good rated by 287 women | 3.6 Good rated by 403 women |
Rating by Men Employees | 3.9 Good rated by 275 men | 3.6 Good rated by 1.2k men | 3.8 Good rated by 831 men | 3.9 Good rated by 1.6k men |
Job security | 4.0 Good | 3.6 Good | 3.6 Good | 3.6 Good |
View more
SBI Mutual Fund Salaries
SBI Mutual Fund salaries have received with an average score of 3.3 out of 5 by 354 employees.
Relationship Manager
(179 salaries)
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₹2 L/yr - ₹8 L/yr
Deputy Manager
(86 salaries)
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₹4.7 L/yr - ₹13.5 L/yr
Sales Executive
(63 salaries)
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₹2 L/yr - ₹4.5 L/yr
Customer Service Executive
(46 salaries)
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₹1.5 L/yr - ₹4.2 L/yr
Chief Manager
(31 salaries)
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₹11 L/yr - ₹32.3 L/yr
Branch Manager
(27 salaries)
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₹4.5 L/yr - ₹11.3 L/yr
Operations Executive
(19 salaries)
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₹2 L/yr - ₹3.1 L/yr
Assistant Vice President
(17 salaries)
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₹29 L/yr - ₹42.9 L/yr
Customer Support Executive
(16 salaries)
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₹1.5 L/yr - ₹3.5 L/yr
Branch Head
(14 salaries)
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₹3.5 L/yr - ₹11 L/yr
SBI Mutual Fund Interview Questions
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SBI Mutual Fund Jobs
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SBI Mutual Fund News
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TBO Tek: Mutual Funds Acquire 4.12% Stake For Rs 537 Crore
- SBI Mutual Fund, ICICI Prudential MF and Nippon India MF purchased a 4.12% stake in TBO Tek Ltd. for Rs 537 crore.
- The mutual funds acquired a total of 44.7 lakh shares of the travel services technology platform through three separate transactions on the BSE.
- Augusta TBO (Singapore) Pte and TBO Korea Holdings sold a 6.7% stake in TBO Tek for Rs 870 crore through open market transactions.
- After the stake sale, Augusta TBO's holding in TBO Tek has come down to 5.41% from 9.71% and TBO Korea Holdings stake to 3.08% from 5.50%.
Bloomberg Quint | 21 Mar, 2025
SBI Mutual Fund Sells 4.7% Stake In National Highways Infra Trust For Rs 815 Crore
- SBI Mutual Fund sold a 4.7% stake in National Highways Infra Trust for Rs 815 crore
- The NHIT, established in 2021 and sponsored by the National Highways Authority of India, supports the National Monetisation Pipeline
- SBI Mutual Fund reduced its stake from 9.34% to 4.69% by selling over 6.10 crore NHIT units
- Larsen & Toubro and Vidyaniti LLP acquired nearly 5.99 crore NHIT units for Rs 799 crore
Bloomberg Quint | 21 Mar, 2025
Kotak Mahindra AMC Joins 'Choti SIP' Bandwagon With Plans Starting At Rs 250
- Kotak Mahindra Asset Management Co. has announced the launch of the 'Choti SIP' facility, making mutual fund investments more accessible to first-time investors.
- The 'Choti SIP' will be available for all eligible schemes of Kotak Mahindra Mutual Fund.
- The rationale behind this initiative is to lower the entry barrier, allowing wider audience to invest in mutual funds.
- Other mutual fund companies like Aditya Birla Sun Life Mutual Fund and SBI Mutual Fund have also recently launched 'Choti SIPs'.
Bloomberg Quint | 20 Mar, 2025
SBI Mutual Fund Acquires Additional Shares In Alkem Laboratories For Rs 300 Crore
- SBI Mutual Fund acquired additional shares in Alkem Laboratories for Rs 300 crore through an open market transaction.
- The shares were purchased at an average price of Rs 4,680 apiece, resulting in a transaction value of Rs 300.32 crore.
- SBI Mutual Fund's holding in Alkem increased from 2.16% to 2.7% after the stake purchase.
- Simultaneously, the Samprada & Nanhamati Singh Family Trust, related to Alkem promoters, sold the same number of shares.
Bloomberg Quint | 22 Feb, 2025
Rs 250 SIP To Help Rural, Semi-Urban Population To Invest Daily, Says SBI Chair CS Setty
- State Bank of India (SBI) Chairperson CS Setty has introduced the 'Chota SIP' or micro systematic investment plan of Rs 250 to help people from rural and semi-urban areas increase their savings potential.
- This daily SIP plan aims to foster financial inclusion and is completely digital, enabling more participation in mutual fund investments by first-time investors and low-income individuals.
- SBI Mutual Fund, in collaboration with SBI, launched the Rs 250 investment plan under the 'JanNivesh SIP' scheme, and the state-run lender will not charge any transaction fee for the scheme.
- The Securities and Exchange Board of India (SEBI) has proposed small-ticket SIPs of Rs 250 to encourage more people to invest, especially those from remote areas, with reduced costs and easier accessibility.
Bloomberg Quint | 18 Feb, 2025
Stocks To Watch: Paytm, LIC, SBI Cards, Zomato, Choice International
- Paytm partners with SBI Mutual Fund to launch JanNivesh Rs 250 systematic investment plan.
- Salila Pande appointed as the Managing Director and CEO of SBI Cards.
- Zomato offers its internal customer support platform, Nugget, to restaurants.
- Choice Equity Broking acquires Arete Capital Services.
Bloomberg Quint | 18 Feb, 2025
Paytm On Track To Deliver Profit In Q1 FY26: Vijay Shekhar Sharma
- Paytm is on track to deliver profit in Q1 FY26 as per the management's guidance.
- The company aims to focus on payments, credit, and wealth management in the next two years.
- Paytm plans to serve 200-250 million people in the country and is recalibrating its strategy around credit distribution.
- The company's net loss narrowed in Q3 FY25, and it is partnering with SBI Mutual Fund to roll out a new SIP plan.
Inc42 | 17 Feb, 2025
SBI Mutual Fund Announces Zero Transaction Cost For Rs 250 SIP Scheme
- SBI Mutual Fund launches Rs 250 JanNivesh SIP scheme with no transaction fee.
- The scheme aims to encourage more participation in mutual fund investments, especially among first-time investors, low-income group individuals, and people from remote areas.
- The regulator, SEBI, has also proposed to reduce the costs of the scheme and provide subsidies for KYC and related expenses.
- Investments under this scheme will primarily be conducted through digital payment modes like UPI or the National Automated Clearing House.
Bloomberg Quint | 17 Feb, 2025
Paytm Partners With SBI Mutual Fund To Launch JanNivesh Rs 250 SIP
- Paytm has partnered with SBI Mutual Fund to launch JanNivesh Rs 250 systematic investment plan, One 97 Communications Ltd. said.
- JanNivesh offers flexible SIP options daily, weekly or monthly for young professionals and first-time investors looking for adaptable investment opportunities.
- The initiative aims to empower merchant partners to make their first investment, helping them build long-term wealth for their business, it said.
- Shares of One 97 Communications closed 1.35% higher at Rs 733.65 apiece on the BSE before the announcement, compared to a 0.08% advance in the benchmark Sensex.
Bloomberg Quint | 17 Feb, 2025
'Incredibly Happy And Here Forever', Says CEO Of Europe’s Largest AMC On India Exposure
- Valérie Baudson, CEO of Europe’s largest asset management company, Amundi, expresses satisfaction with the company’s presence in India and intends to maintain a long-term investment in the country.
- Amundi has a successful two-decade partnership with SBI Mutual Fund, managing ₹10.77 lakh crore in assets.
- With over €2 trillion in assets under management, Amundi serves institutional and retail clients globally through various partners and praises SBI as a win-win partner.
- Baudson recognizes India's resilient economy and solid financial industry, along with its technological advancements, as key factors contributing to its importance in the global market.
Startup Pedia | 13 Feb, 2025
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SBI Mutual Fund FAQs
When was SBI Mutual Fund founded?
SBI Mutual Fund was founded in 1987. The company has been operating for 38 years primarily in the Financial Services sector.
Where is the SBI Mutual Fund headquarters located?
SBI Mutual Fund is headquartered in Mumbai, Maharashtra.
How many employees does SBI Mutual Fund have in India?
SBI Mutual Fund currently has more than 1,000+ employees in India. Sales & Business Development department appears to have the highest employee count in SBI Mutual Fund based on the number of reviews submitted on AmbitionBox.
Does SBI Mutual Fund have good work-life balance?
SBI Mutual Fund has a Work-Life Balance Rating of 3.8 out of 5 based on 300+ employee reviews on AmbitionBox. 70% employees rated SBI Mutual Fund 4 or above, while 30% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read SBI Mutual Fund work-life balance reviews for more details
Is SBI Mutual Fund good for career growth?
Career growth at SBI Mutual Fund is rated as moderate, with a promotions and appraisal rating of 3.1. 30% employees rated SBI Mutual Fund 3 or below, while 70% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading SBI Mutual Fund promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in SBI Mutual Fund?
Working at SBI Mutual Fund comes with several advantages and disadvantages. It is highly rated for job security and work life balance. However, it is poorly rated for promotions / appraisal and salary & benefits, based on 300+ employee reviews on AmbitionBox.
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