SBI Mutual Fund Manager Salaries by 40+ Employees (Updated 2025)

4 - 15 years exp.

₹6.3 Lakhs - ₹18 Lakhs

Salary of majority employees

32% less than the average Manager Salary in Financial Services Companies for 4 - 15 years of experience

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Salaries in different departments

Sales & Business Development Manager Salary 5 - 15 years exp. (10 salaries)	₹8.2 L/yr - ₹10.2 L/yr
BFSI, Investments & Trading Manager Salary 5 - 12 years exp. (8 salaries)	₹6.6 L/yr - ₹18 L/yr
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Finance & Accounting Manager Salary 5 - 11 years exp. (5 salaries)	₹7.5 L/yr - ₹18 L/yr
Customer Success, Service & Operations Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹10.7 L/yr - ₹12 L/yr
Marketing & Communication Manager Salary 6 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹11.2 L/yr

Last Updated: 14 Feb 2025

Companies similar to SBI Mutual Fund for Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Securities Manager Salary 0 - 16 years exp. (482 salaries)	₹3.5 L/yr - ₹14 L/yr 28% less
Macquarie Group Manager Salary 7 - 14 years exp. (377 salaries)	₹13.5 L/yr - ₹38 L/yr 165% more
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CSC Manager Salary 4 - 16 years exp. (169 salaries)	₹10.5 L/yr - ₹28 L/yr 72% more
Synchrony Manager Salary 2 - 9 years exp. (148 salaries)	₹6.8 L/yr - ₹24 L/yr 45% more
Better.com Manager Salary 4 - 10 years exp. (131 salaries)	₹8 L/yr - ₹20 L/yr 23% more
Axis Direct Manager Salary 4 - 16 years exp. (88 salaries)	₹5 L/yr - ₹16 L/yr 4% less
Ocwen Financial Solutions Manager Salary 9 - 20 years exp. (80 salaries)	₹15.1 L/yr - ₹41 L/yr 149% more	1 job opening
Fidelity International Manager Salary 8 - 14 years exp. (75 salaries)	₹16 L/yr - ₹43 L/yr 176% more	3 job openings
Srei Equipment Finance Manager Salary 7 - 17 years exp. (62 salaries)	₹3.7 L/yr - ₹9.5 L/yr 44% less
Apex Group Manager Salary 8 - 13 years exp. (48 salaries)	₹10 L/yr - ₹22 L/yr 48% more	5 job openings

View all

Manager salary at SBI Mutual Fund ranges between ₹6.3 Lakhs to ₹18 Lakhs per year for employees with experience between 4 years to 15 years. Salary estimates are based on 42 latest salaries received from various employees of SBI Mutual Fund.

Experience wise SBI Mutual Fund Manager salaries

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹16.8 L/yr
5 years (5 salaries)	₹7 L/yr - ₹16 L/yr
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6 years (5 salaries)	₹9.5 L/yr - ₹18 L/yr
7 years (3 salaries)	₹6.3 L/yr - ₹18 L/yr
8 years (7 salaries)	₹7.2 L/yr - ₹17 L/yr
9 years (3 salaries)	₹9 L/yr - ₹18 L/yr
10 years (3 salaries)	₹9.7 L/yr - ₹16.5 L/yr
11 years (4 salaries)	₹7.5 L/yr - ₹16.5 L/yr
12 years (4 salaries)	₹7.1 L/yr - ₹19.4 L/yr
13 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹19.3 L/yr
14 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹12 L/yr
15+ years (4 salaries)	₹9 L/yr - ₹12 L/yr

View all

From

Manager

4 - 15 years exp.

Senior Manager

8 - 15 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI Mutual Fund

Deputy Manager Salary

(95 salaries)

₹4.7 L/yr - ₹13.5 L/yr

Management Trainee Salary

(4 salaries)

₹3 L/yr - ₹6.68 L/yr

Financial Analyst Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Senior Consultant Salary

(AmbitionBox Estimate)

₹17.8 L/yr - ₹22.8 L/yr

Assistant Vice President Salary

(17 salaries)

₹29 L/yr - ₹42.9 L/yr

Top skills at SBI Mutual Fund for Manager

Ca Cloud VMware SAN Virtualization

Salary related reviews for SBI Mutual Fund

3.3

Rated by 11 employees for salary & benefits

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.

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

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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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SBI Mutual Fund Manager Salary FAQs

What is the salary of Manager at SBI Mutual Fund ?

The average salary of a Manager at SBI Mutual Fund in India typically ranges from ₹6.3 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 4 years to 15 years).

The top 10% of Manager at SBI Mutual Fund earn more than ₹17.3 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Manager 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 40+ SBI Mutual Fund employees in India.

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

The estimated take-home salary of a Manager at SBI Mutual Fund in India typically ranges from ₹78,910 to ₹80,962 per month. This is based on the average salary range of ₹6.3 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 4 years to 15 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 40+ salaries received from various employees of SBI Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Manager at SBI Mutual Fund ?

To be a Manager at SBI Mutual Fund in india, the key skills required include:

- Ca
- Cloud
- VMware
- SAN
- Virtualization

These skills are highly valued at SBI Mutual Fund and are crucial for successful performance in a Software Engineering role.

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

MassMutual	₹27.2 Lakhs to ₹36.0 Lakhs per year
Ameriprise Financial	₹19.0 Lakhs to ₹47.0 Lakhs per year
Fidelity International	₹16.0 Lakhs to ₹43.0 Lakhs per year
TSYS\|Total System Services	₹22.0 Lakhs to ₹39.0 Lakhs per year
Invesco	₹13.0 Lakhs to ₹39.5 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 Manager in companies similar to SBI Mutual Fund in India?

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

Macquarie Group	₹13.5 Lakhs to ₹38.0 Lakhs per year
Empower Retirement	₹15.5 Lakhs to ₹28.9 Lakhs per year
Ocwen Financial Solutions	₹15.1 Lakhs to ₹41.0 Lakhs per year
Sun Life Financial	₹14.5 Lakhs to ₹32.7 Lakhs per year
XL India Business Services	₹12.0 Lakhs to ₹34.0 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 Manager at SBI Mutual Fund in India?

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

Experience	Average Salary Range
4 years	₹4.6 Lakhs to ₹16.8 Lakhs per year
5 years	₹7.0 Lakhs to ₹16.0 Lakhs per year
6 years	₹9.5 Lakhs to ₹18.0 Lakhs per year
7 years	₹6.3 Lakhs to ₹18.0 Lakhs per year

and so on.

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SBI Mutual Fund Manager Salaries

SBI Mutual Fund Manager salary in India ranges between ₹6.3 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 42 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.