SBI Mutual Fund Deputy Manager Salaries by 90+ Employees (Updated 2025)

2 - 10 years exp.

₹4.7 Lakhs - ₹13.5 Lakhs

Salary of majority employees

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18% less than the average Deputy Manager Salary in Financial Services Companies for 2 - 10 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 2 - 10 years exp. (28 salaries)	Unlock ₹5.2 L/yr - ₹12.2 L/yr
Sales & Business Development Deputy Manager Salary 2 - 10 years exp. (19 salaries)	Unlock ₹4.7 L/yr - ₹10.9 L/yr
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Finance & Accounting Deputy Manager Salary 4 - 7 years exp. (6 salaries)	Unlock ₹6 L/yr - ₹9.5 L/yr
Marketing & Communication Deputy Manager Salary 4 - 8 years exp. (4 salaries)	Unlock ₹5.7 L/yr - ₹8.4 L/yr
IT & Information Security Deputy Manager Salary 5 - 8 years exp. (3 salaries)	Unlock ₹9.5 L/yr - ₹13.5 L/yr

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Last Updated: 8 Mar 2025

Companies similar to SBI Mutual Fund for Deputy Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Mutual Fund Deputy Manager Salary 1 - 10 years exp. (329 salaries)	Unlock ₹5 L/yr - ₹14.3 L/yr 14% more
Axis Mutual Fund Deputy Manager Salary 0 - 13 years exp. (71 salaries)	Unlock ₹4.4 L/yr - ₹12.5 L/yr 13% more
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Kotak Mahindra Bank Deputy Manager Salary 0 - 13 years exp. (11.3k salaries)	Unlock ₹1.7 L/yr - ₹8.5 L/yr 36% less
Birla Sun Life Mutual Fund Deputy Manager Salary 4 - 8 years exp. (8 salaries)	Unlock ₹4 L/yr - ₹7.5 L/yr 19% less
Franklin Templeton Investments Deputy Manager Salary 8 - 16 years exp. (78 salaries)	Unlock ₹8.3 L/yr - ₹20 L/yr 94% more
L&T Finance Deputy Manager Salary 2 - 13 years exp. (6 salaries)	Unlock ₹7 L/yr - ₹9 L/yr 3% less
Kotak Securities Deputy Manager Salary 0 - 11 years exp. (1.6k salaries)	Unlock ₹2 L/yr - ₹7.5 L/yr 42% less
Axis Direct Deputy Manager Salary 4 - 16 years exp. (130 salaries)	Unlock ₹3.5 L/yr - ₹12 L/yr 4% less
Nippon Life India Asset Management Deputy Manager Salary 6 - 11 years exp. (45 salaries)	Unlock ₹4.5 L/yr - ₹11.7 L/yr 3% less	2 job openings
Sharekhan Deputy Manager Salary 6 - 15 years exp. (44 salaries)	Unlock ₹4.5 L/yr - ₹10 L/yr 7% less
Reliance Capital Deputy Manager Salary 1 - 9 years exp. (18 salaries)	Unlock ₹5.5 L/yr - ₹11 L/yr 10% less
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Apex Group Deputy Manager Salary 5 - 8 years exp. (4 salaries)	Unlock ₹7 L/yr - ₹17 L/yr 40% more
MUFG Bank Deputy Manager Salary 8 - 18 years exp. (4 salaries)	Unlock ₹13 L/yr - ₹20 L/yr 106% more
Invesco Deputy Manager Salary 3 - 4 years exp. (3 salaries)	Unlock ₹7 L/yr - ₹9 L/yr 4% more
Macquarie Group Deputy Manager Salary 7 - 8 years exp. (3 salaries)	Unlock ₹10.5 L/yr - ₹29 L/yr 156% more

Deputy Manager salary at SBI Mutual Fund ranges between ₹4.7 Lakhs to ₹13.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 90 latest salaries received from various employees of SBI Mutual Fund.

Latest annual salaries shared by SBI Mutual Fund Deputy Manager

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8 years exp.

Experience wise SBI Mutual Fund Deputy Manager salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
2 years (4 salaries)	Unlock ₹6.1 L/yr - ₹11.5 L/yr
3 years (11 salaries)	Unlock ₹5.8 L/yr - ₹11.5 L/yr
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4 years (14 salaries)	Unlock ₹5.3 L/yr - ₹10.2 L/yr
5 years (22 salaries)	Unlock ₹5.3 L/yr - ₹10.9 L/yr
6 years (13 salaries)	Unlock ₹4.7 L/yr - ₹10.9 L/yr
7 years (6 salaries)	Unlock ₹5.2 L/yr - ₹14.1 L/yr
8 years (10 salaries)	Unlock ₹6.5 L/yr - ₹13.5 L/yr
9 years (5 salaries)	Unlock ₹6 L/yr - ₹9 L/yr
10 years (5 salaries)	Unlock ₹6 L/yr - ₹12.2 L/yr

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Top skills at SBI Mutual Fund for Deputy Manager

Auditing Interpersonal Skills Regulatory Communication Skills Operations Monitoring Accounting Soft Skills Capital Market Mutual Funds Debt Market Equity MIS Lombardi investment

Salary related reviews for SBI Mutual Fund

3.3

Rated by 21 employees for salary & benefits

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

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.

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

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

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2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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SBI Mutual Fund Deputy Manager Salary FAQs

What is the salary of Deputy Manager at SBI Mutual Fund?

Deputy Manager salary at SBI Mutual Fund in India ranges between ₹4.7 Lakhs to ₹13.5 Lakhs for experience between 2 years to 10 years. According to our estimates it is 18% less than the average Deputy Manager Salary in India. Salary estimates are based on 90 latest salaries received from various employees of SBI Mutual Fund India.

How does the salary of a Deputy Manager at SBI Mutual Fund India compare with the average salary range for this job?

The average salary of a Deputy Manager at SBI Mutual Fund is 18% less than the average salary of a Deputy Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Deputy Manager at SBI Mutual Fund?

Auditing, Interpersonal Skills, Regulatory, Communication Skills and Operations are some of the popular skills required to work as a Deputy Manager at SBI Mutual Fund India.

Which similar companies are paying more than SBI Mutual Fund to a Deputy Manager in India?

Macquarie Group Deputy Manager Salary - ₹10.5 Lakhs to ₹29.0 Lakhs per year
MUFG Bank Deputy Manager Salary - ₹13.0 Lakhs to ₹20.0 Lakhs per year
Franklin Templeton Investments Deputy Manager Salary - ₹8.3 Lakhs to ₹20.0 Lakhs per year
Apex Group Deputy Manager Salary - ₹7.0 Lakhs to ₹17.0 Lakhs per year
ICICI Prudential Mutual Fund Deputy Manager Salary - ₹5.0 Lakhs to ₹14.3 Lakhs per year

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

Axis Mutual Fund Deputy Manager Salary - ₹4.4 Lakhs to ₹12.5 Lakhs per year
Invesco Deputy Manager Salary - ₹7.0 Lakhs to ₹9.0 Lakhs per year
Nippon Life India Asset Management Deputy Manager Salary - ₹4.5 Lakhs to ₹11.7 Lakhs per year
L&T Finance Deputy Manager Salary - ₹7.0 Lakhs to ₹9.0 Lakhs per year
Axis Direct Deputy Manager Salary - ₹3.5 Lakhs to ₹12.0 Lakhs per year

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

The estimated take-home salary of a Deputy Manager at SBI Mutual Fund ranges between ₹58,118 per month to ₹59,582 per month in India. The take-home salary calculation is based on the average SBI Mutual Fund Deputy Manager salary in India which ranges between ₹4.7 Lakhs to ₹13.5 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager at SBI Mutual Fund?

According to AmbitionBox, 78% of the SBI Mutual Fund Deputy Managers reported a notice period of 3 Months, 18% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 79 responses on AmbitionBox in last 2 years.

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SBI Mutual Fund Deputy Manager Salaries

SBI Mutual Fund Deputy Manager salary in India ranges between ₹4.7 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 90 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.