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SBI Mutual Fund

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SBI Mutual Fund Manager salaries in Mumbai (Updated 2025)

Annual salary range
4 - 14 years exp.
₹6.3 Lakhs - ₹18 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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23% less than the average Manager Salary in Financial Services Companies for 4 - 14 years of experience

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Salaries in different departments

Finance & Accounting
Manager Salary
5 - 11 years exp. (5 salaries)
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₹7.5 L/yr - ₹18 L/yr

BFSI, Investments & Trading
Manager Salary
5 - 8 years exp. (4 salaries)
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₹6.6 L/yr - ₹18 L/yr

Sales & Business Development
Manager Salary
11 years exp. (AmbitionBox Estimate)
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₹8.5 L/yr - ₹12.2 L/yr

Last Updated: 14 Feb 2025

Companies similar to SBI Mutual Fund for Manager in Mumbai

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SBI Mutual Fund Manager Salary

4 - 14 years exp. (23 salaries)

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₹6.3 L/yr - ₹18 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Kotak Securities Manager Salary

0 - 16 years exp. (244 salaries)

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₹3.9 L/yr - ₹15 L/yr

arrow icon 33% less
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CSC Manager Salary

8 - 16 years exp. (51 salaries)

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₹10 L/yr - ₹25 L/yr

arrow icon 42% more
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Axis Direct Manager Salary

4 - 16 years exp. (48 salaries)

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₹5 L/yr - ₹15.6 L/yr

arrow icon 9% less
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Reliance Capital Manager Salary

0 - 16 years exp. (28 salaries)

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₹7 L/yr - ₹24 L/yr

arrow icon 21% more
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₹6 L/yr - ₹16.4 L/yr

arrow icon 22% less
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Sharekhan Manager Salary

2 - 14 years exp. (20 salaries)

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₹5 L/yr - ₹15.5 L/yr

arrow icon 23% less
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Ocwen Financial Solutions Manager Salary

11 - 18 years exp. (16 salaries)

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₹15.4 L/yr - ₹41 L/yr

arrow icon 117% more
1 job opening
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Morningstar Manager Salary

10 - 18 years exp. (14 salaries)

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₹15.4 L/yr - ₹30 L/yr

arrow icon 98% more
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Macquarie Group Manager Salary

8 - 14 years exp. (10 salaries)

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₹25 L/yr - ₹33.5 L/yr

arrow icon 128% more
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Synchrony Manager Salary

3 - 8 years exp. (7 salaries)

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₹13.5 L/yr - ₹18 L/yr

arrow icon 19% more
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Franklin Templeton Investments Manager Salary

8 - 12 years exp. (5 salaries)

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₹11.8 L/yr - ₹24 L/yr

arrow icon 66% more
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Kroll Manager Salary

7 - 12 years exp. (4 salaries)

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₹7.5 L/yr - ₹21.5 L/yr

arrow icon 1% more
1 job opening
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TIAA Global Business Services Manager Salary

9 - 11 years exp. (3 salaries)

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₹25 L/yr - ₹26.5 L/yr

arrow icon 99% more
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MUFG Bank Manager Salary

9 - 11 years exp. (3 salaries)

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₹13 L/yr - ₹25 L/yr

arrow icon 50% more
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Better.com Manager Salary

7 - 10 years exp. (3 salaries)

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₹10 L/yr - ₹15 L/yr

arrow icon 2% more
Manager salary at SBI Mutual Fund ranges between ₹6.3 Lakhs to ₹18 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 23 latest salaries received from various employees of SBI Mutual Fund.

Latest annual salaries shared by SBI Mutual Fund Manager in Mumbai

1mo ago
₹10.3 Lakhs
14 years exp.
3mo ago
₹7.2 Lakhs
8 years exp.
3mo ago
₹16.8 Lakhs
4 years exp.
4mo ago
₹9.5 Lakhs
13 years exp.
5mo ago
₹18 Lakhs
7 years exp.
8mo ago
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6 years exp.
11mo ago
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11 years exp.
1y ago
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7 years exp.
1y ago
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10 years exp.
1y ago
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11 years exp.

Experience wise SBI Mutual Fund Manager salaries in Mumbai

Last Updated: 14 Feb 2025

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹11.9 L/yr - ₹15.2 L/yr
5 years  (3 salaries)

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₹9.4 L/yr - ₹16 L/yr
6 years (AmbitionBox Estimate)

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₹11.8 L/yr - ₹15 L/yr
7 years  (3 salaries)

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₹6.3 L/yr - ₹18 L/yr
8 years  (5 salaries)

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₹7.2 L/yr - ₹17 L/yr
View all
SBI Mutual Fund Manager Salary and Career Growth

From

To

Manager

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4 - 15 years exp.

Senior Manager

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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
(29 salaries)
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₹6.04 L/yr - ₹13.5 L/yr
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₹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

2.9

Rated by 3 employees for salary & benefits

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.

read more

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...

read more
  • 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

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.

read more
  • Job security - Good
  • +3 more

Dislikes

Low Salary

Contractual

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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.

read more
  • Job security - Good
  • +1 more

Dislikes

Growth opportunities Salary increament Learning

  • Promotions - Bad

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.

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Dislikes

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

read more
  • Salary - Bad
  • +4 more
see more salary related reviews

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SBI Mutual Fund Manager Salary FAQs

What is the salary of Manager at SBI Mutual Fund in Mumbai?
The average salary of a Manager at SBI Mutual Fund in Mumbai typically ranges from ₹6.3 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 4 years to 14 years).

The top 10% of Manager in Mumbai at SBI Mutual Fund earn more than ₹18.0 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 20+ SBI Mutual Fund employees in India.
What is the estimated take home salary of a Manager at SBI Mutual Fund in Mumbai?
The estimated take-home salary of a Manager at SBI Mutual Fund in Mumbai typically ranges from ₹90,623 to ₹93,006 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 14 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 20+ 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 in Mumbai?
To be a Manager at SBI Mutual Fund in Mumbai, 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?
Macquarie Group ₹25.0 Lakhs to ₹33.5 Lakhs per year
Ocwen Financial Solutions ₹15.4 Lakhs to ₹41.0 Lakhs per year
TIAA Global Business Services ₹25.0 Lakhs to ₹26.5 Lakhs per year
Morningstar ₹15.4 Lakhs to ₹30.0 Lakhs per year
Franklin Templeton Investments ₹11.8 Lakhs to ₹24.0 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 Manager in companies similar to SBI Mutual Fund in Mumbai?
The salary of a Manager at companies similar to SBI Mutual Fund in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

MUFG Bank ₹13.0 Lakhs to ₹25.0 Lakhs per year
CSC ₹10.0 Lakhs to ₹25.0 Lakhs per year
Reliance Capital ₹7.0 Lakhs to ₹24.0 Lakhs per year
Synchrony ₹13.5 Lakhs to ₹18.0 Lakhs per year
Better.com ₹10.0 Lakhs to ₹15.0 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 Mumbai?
The salary growth for a Manager at SBI Mutual Fund in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager in Mumbai can expect the following growth trajectory at SBI Mutual Fund:

Experience Average Salary Range
4 years ₹11.9 Lakhs to ₹15.2 Lakhs per year
5 years ₹9.4 Lakhs to ₹16.0 Lakhs per year
6 years ₹11.8 Lakhs to ₹15.0 Lakhs per year
7 years ₹6.3 Lakhs to ₹18.0 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Mutual Fund Manager salary in Mumbai ranges between ₹6.3 Lakhs to ₹18 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 23 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.