SBI Mutual Fund Assistant Manager Operations Salaries by 4 Employees (Updated 2025)

7 - 11 years exp.

₹7.7 Lakhs - ₹8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

13% more than the average Assistant Manager Operations Salary in Financial Services Companies for 7 - 11 years of experience

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Last Updated: 5 Mar 2025

Companies similar to SBI Mutual Fund for Assistant Manager Operations

Company name	Avg Annual Salary	Open Jobs
Sun Life Financial Assistant Manager Operations Salary 9 - 15 years exp. (16 salaries)	₹9 L/yr - ₹12 L/yr 35% more
Kotak Securities Assistant Manager Operations Salary 1 - 7 years exp. (14 salaries)	₹2.1 L/yr - ₹3.4 L/yr 64% less
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Empower Retirement Assistant Manager Operations Salary 8 - 15 years exp. (14 salaries)	₹7.8 L/yr - ₹14 L/yr 45% more
Franklin Templeton Investments Assistant Manager Operations Salary 7 - 14 years exp. (10 salaries)	₹5.2 L/yr - ₹16.5 L/yr 45% more
Ocwen Financial Solutions Assistant Manager Operations Salary 10 - 14 years exp. (7 salaries)	₹10.8 L/yr - ₹14.5 L/yr 66% more
Srei Equipment Finance Assistant Manager Operations Salary 6 - 15 years exp. (6 salaries)	₹3.5 L/yr - ₹4.9 L/yr 46% less
Axis Direct Assistant Manager Operations Salary 3 - 7 years exp. (5 salaries)	₹3.3 L/yr - ₹5 L/yr 49% less
Macquarie Group Assistant Manager Operations Salary 4 - 8 years exp. (5 salaries)	₹15 L/yr - ₹26 L/yr 152% more
Sharekhan Assistant Manager Operations Salary 4 - 14 years exp. (4 salaries)	₹2.8 L/yr - ₹5.3 L/yr 41% less
Reliance Capital Assistant Manager Operations Salary 7 - 11 years exp. (4 salaries)	₹2.7 L/yr - ₹3.9 L/yr 59% less
Invesco Assistant Manager Operations Salary 1 - 15 years exp. (4 salaries)	₹1.3 L/yr - ₹20 L/yr 4% less
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Better.com Assistant Manager Operations Salary 5 - 6 years exp. (4 salaries)	₹9 L/yr - ₹10 L/yr 21% more
Morningstar Assistant Manager Operations Salary 0 - 10 years exp. (3 salaries)	₹5 L/yr - ₹16 L/yr 49% more
Fidelity International Assistant Manager Operations Salary 7 - 12 years exp. (3 salaries)	₹9.1 L/yr - ₹20 L/yr 85% more
CSC Assistant Manager Operations Salary 5 - 11 years exp. (3 salaries)	₹12 L/yr - ₹13.8 L/yr 64% more
XL India Business Services Assistant Manager Operations Salary 7 - 10 years exp. (3 salaries)	₹8 L/yr - ₹10 L/yr 15% more
Mr Cooper Assistant Manager Operations Salary 11 - 13 years exp. (3 salaries)	₹10.5 L/yr - ₹11.3 L/yr 40% more

Assistant Manager Operations salary at SBI Mutual Fund ranges between ₹7.7 Lakhs to ₹8 Lakhs per year for employees with experience between 7 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Mutual Fund.

Experience wise SBI Mutual Fund Assistant Manager Operations salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹7.7 L/yr
8 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹14 L/yr
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9 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9 L/yr
10 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹8 L/yr
11 years (AmbitionBox Estimate)	₹8 L/yr - ₹8 L/yr

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Salary related reviews for SBI Mutual Fund

Sales Executive in Bhubaneswar

Contractual

BFSI, Investments & Trading Department

4.0

• posted on 09 Aug 2024

3.0

for Salary and Benefits

Likes

The work culture is good,but the salary increament and promotion opportunity is very bad, although the work pressure is also less as compared to the privet sector,and in most cases you don't have to directly sale product to the client,as the bank officials do the work.

Job security - Good

+1 more

Dislikes

Growth opportunities Salary increament Learning

Promotions - Bad

Deputy Manager in Chennai

Full Time

PDM Department

3.0

• posted on 29 Jun 2023

2.0

for Salary and Benefits

Likes

SBI brand is good. Management communication is one way. Salary growth is pathetic. It's a good company for people who join after 10 year exp and with min 20 lakh salary .. they can continue to work for longer time. Not good for new or less exp people because despite of over achieving targets they will give 7-9 % hike. In promotion year too they will give 9% hike .. Very bad salary growth.. frustrating for people with 5 -10 year exp... that's why lot of people switch in this segment...

Skill development - Good

+2 more

Dislikes

Bad salary... they can at least make salary on par with market for loyal employees..

Salary - Poor

+1 more

Customer Service Executive in Museum Road Bangalore

Full Time

Finance & Accounting Department

3.0

• posted on 10 Sep 2022

1.0

for Salary and Benefits

Likes

Only thing I liked was management is not harsh if you login bit late due to traffic or personal reason. Other than this it's a big noooo. I found many good colleagues here I am happy with that atleast.

Dislikes

Onroll offroll differentiation is huge Dissatisfied with offroll management No decent hike or salary Takes long time for career growth

Salary - Bad

+4 more

Assistant Rms Manager in Thiruvananthapuram

Full Time

Sales & Business Development Department

4.0

• posted on 28 Jan 2025

3.0

for Salary and Benefits

Likes

...good company to work. As usual salary increment will be low and promotions also. But here the job security is high and it's ok to work here for long but at the cost of low salary.

Job security - Good

+3 more

Dislikes

Low Salary

Manager in Pune

Full Time

Sales & Business Development Department

4.0

• posted on 08 Dec 2023

3.0

for Salary and Benefits

Likes

Working in SBIMF gives you feeling of proud and brand recognition. Job security and mental peace.

Job security - Good

+3 more

Dislikes

Appraisal, employee recognition, Salary, respect as an old loyal employee not there. People recruits new freshers with higher package than there old loyal employee which demotivates more and hurts as well.

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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SBI Mutual Fund Assistant Manager Operations Salary FAQs

What is the salary of Assistant Manager Operations at SBI Mutual Fund ?

The average salary of a Assistant Manager Operations at SBI Mutual Fund in India typically ranges from ₹7.7 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 7 years to 11 years).

The top 10% of Assistant Manager Operations at SBI Mutual Fund earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Assistant Manager Operations Salaries at SBI Mutual Fund can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 SBI Mutual Fund employees in India.

What is the estimated take home salary of a Assistant Manager Operations at SBI Mutual Fund in India?

The estimated take-home salary of a Assistant Manager Operations at SBI Mutual Fund in India typically ranges from ₹58,000 to ₹59,460 per month. This is based on the average salary range of ₹7.7 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 7 years to 11 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of SBI Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Mutual Fund for Assistant Manager Operations in India?

Macquarie Group	₹15.0 Lakhs to ₹26.0 Lakhs per year
Fidelity International	₹9.1 Lakhs to ₹20.0 Lakhs per year
Ocwen Financial Solutions	₹10.8 Lakhs to ₹14.5 Lakhs per year
CSC	₹12.0 Lakhs to ₹13.8 Lakhs per year
Morningstar	₹5.0 Lakhs to ₹16.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Mutual Fund, depending on the role and experience level.

What is the salary of a Assistant Manager Operations in companies similar to SBI Mutual Fund in India?

The salary of a Assistant Manager Operations at companies similar to SBI Mutual Fund in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Franklin Templeton Investments	₹5.2 Lakhs to ₹16.5 Lakhs per year
Empower Retirement	₹7.8 Lakhs to ₹14.0 Lakhs per year
Mr Cooper	₹10.5 Lakhs to ₹11.3 Lakhs per year
Sun Life Financial	₹9.0 Lakhs to ₹12.0 Lakhs per year
Better.com	₹9.0 Lakhs to ₹10.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Assistant Manager Operations at SBI Mutual Fund in India?

The salary growth for a Assistant Manager Operations at SBI Mutual Fund depends on factors such as experience, performance, and promotions. On average, a Assistant Manager Operations can expect the following growth trajectory at SBI Mutual Fund:

Experience	Average Salary Range
7 years	₹7.7 Lakhs to ₹7.7 Lakhs per year
8 years	₹7.7 Lakhs to ₹14.0 Lakhs per year
9 years	₹7.1 Lakhs to ₹9.0 Lakhs per year
10 years	₹3.2 Lakhs to ₹8.0 Lakhs per year

and so on.

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SBI Mutual Fund Assistant Manager Operations Salaries

SBI Mutual Fund Assistant Manager Operations salary in India ranges between ₹7.7 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.