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SBI Mutual Fund Relationship Manager salaries in India (Updated 2025)

Annual salary range
0 - 9 years exp.
₹2 Lakhs - ₹8 Lakhs
Salary of majority employees
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16% less than the average Relationship Manager Salary in Financial Services Companies for 0 - 9 years of experience

Interested in this particular role? 7 job openings

Salaries in different departments

BFSI, Investments & Trading
Relationship Manager Salary
0 - 9 years exp. (61 salaries)
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₹2 L/yr - ₹7 L/yr

Sales & Business Development
Relationship Manager Salary
0 - 9 years exp. (37 salaries)
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₹2.1 L/yr - ₹7 L/yr

Finance & Accounting
Relationship Manager Salary
0 - 6 years exp. (18 salaries)
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₹2 L/yr - ₹4.8 L/yr

Marketing & Communication
Relationship Manager Salary
0 - 7 years exp. (12 salaries)
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₹2 L/yr - ₹4.3 L/yr

Customer Success, Service & Operations
Relationship Manager Salary
1 - 6 years exp. (11 salaries)
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₹3 L/yr - ₹6.7 L/yr

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Last Updated: 21 Mar 2025

Companies similar to SBI Mutual Fund for Relationship Manager

Company name Avg Annual Salary Open Jobs
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Sharekhan Relationship Manager Salary

0 - 10 years exp. (305 salaries)

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₹1.1 L/yr - ₹6.7 L/yr

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1 job opening
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Kotak Securities Relationship Manager Salary

0 - 8 years exp. (188 salaries)

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₹1.5 L/yr - ₹6.3 L/yr

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Reliance Capital Relationship Manager Salary

0 - 8 years exp. (147 salaries)

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₹2 L/yr - ₹5.5 L/yr

arrow icon 21% less
1 job opening
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Axis Direct Relationship Manager Salary

0 - 9 years exp. (106 salaries)

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₹1.5 L/yr - ₹7 L/yr

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₹2.4 L/yr - ₹7.5 L/yr

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₹4 L/yr - ₹12 L/yr

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₹3.1 L/yr - ₹4.3 L/yr

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₹3.1 L/yr - ₹7.5 L/yr

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MUFG Bank Relationship Manager Salary

10 - 14 years exp. (4 salaries)

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₹50 L/yr - ₹51 L/yr

arrow icon 1083% more
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Invesco Relationship Manager Salary

3 - 4 years exp. (3 salaries)

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₹8.5 L/yr - ₹10 L/yr

arrow icon 122% more
Relationship Manager salary at SBI Mutual Fund ranges between ₹2 Lakhs to ₹8 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 179 latest salaries received from various employees of SBI Mutual Fund.

Latest annual salaries shared by SBI Mutual Fund Relationship Manager

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Experience wise SBI Mutual Fund Relationship Manager salaries

Last Updated: 21 Mar 2025

Experience Avg Annual Salary
Fresher  (12 salaries)

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₹2 L/yr - ₹6 L/yr
1 year  (24 salaries)

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₹2.3 L/yr - ₹5.2 L/yr
2 years  (30 salaries)

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₹2 L/yr - ₹6.5 L/yr
3 years  (26 salaries)

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₹2.2 L/yr - ₹7.4 L/yr
4 years  (28 salaries)

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₹2 L/yr - ₹6.7 L/yr
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Similar Designation salaries in SBI Mutual Fund

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₹2.5 L/yr - ₹5.5 L/yr
Branch Manager Salary
(27 salaries)
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₹4.45 L/yr - ₹11.3 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
Deputy Manager Salary
(95 salaries)
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₹4.7 L/yr - ₹13.5 L/yr
Sales Manager Salary
(6 salaries)
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₹2.15 L/yr - ₹3.5 L/yr
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₹1.15 L/yr - ₹7 L/yr
Area Manager Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
Branch Sales Manager Salary
(AmbitionBox Estimate)
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₹6.9 L/yr - ₹8.9 L/yr
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₹4.5 L/yr - ₹7 L/yr
Sales Engineer Salary
(AmbitionBox Estimate)
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₹4.4 L/yr - ₹5.6 L/yr

Top skills at SBI Mutual Fund for Relationship Manager

Sales NISM Relationship Building Channel Sales Channel Development Taxation Communication Skills channel Relationship Management Presentation Skills New Client Acquisition Sales Process Mutual Funds Equity Debt Market

Salary related reviews for SBI Mutual Fund

3.0

Rated by 38 employees for salary & benefits

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.

read more
  • Job security - Good
  • +1 more

Dislikes

Growth opportunities Salary increament Learning

  • Promotions - Bad

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...

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  • 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.

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  • Job security - Good
  • +3 more

Dislikes

Low Salary

Full Time

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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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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 Relationship Manager Salary FAQs

What is the salary of Relationship Manager at SBI Mutual Fund ?
The average salary of a Relationship Manager at SBI Mutual Fund in India typically ranges from ₹2.0 Lakhs to ₹8.0 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Relationship Manager at SBI Mutual Fund earn more than ₹6.2 Lakhs per year, and the top 1% earn over ₹7.2 Lakhs per year. Relationship 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 100+ SBI Mutual Fund employees in India.
What is the estimated take home salary of a Relationship Manager at SBI Mutual Fund in India?
The estimated take-home salary of a Relationship Manager at SBI Mutual Fund in India typically ranges from ₹31,731 to ₹33,019 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from Fresher to 9 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 100+ 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 Relationship Manager at SBI Mutual Fund ?
To be a Relationship Manager at SBI Mutual Fund in india, the key skills required include:

  • - Sales
  • - NISM
  • - Relationship Building
  • - Channel Sales
  • - Channel Development

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 Relationship Manager in India?
MUFG Bank ₹50.0 Lakhs to ₹51.0 Lakhs per year
Invesco ₹8.5 Lakhs to ₹10.0 Lakhs per year
Ocwen Financial Solutions ₹4.0 Lakhs to ₹12.0 Lakhs per year
Franklin Templeton Investments ₹3.1 Lakhs to ₹7.5 Lakhs per year
Aditya Birla SunLife Asset Management Company ₹2.4 Lakhs to ₹7.5 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 Relationship Manager in companies similar to SBI Mutual Fund in India?
The salary of a Relationship 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:

Sharekhan ₹1.1 Lakhs to ₹6.7 Lakhs per year
Kotak Securities ₹1.5 Lakhs to ₹6.3 Lakhs per year
Srei Equipment Finance ₹3.1 Lakhs to ₹4.3 Lakhs per year
Axis Direct ₹1.5 Lakhs to ₹7.0 Lakhs per year
Reliance Capital ₹2.0 Lakhs to ₹5.5 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 Relationship Manager at SBI Mutual Fund in India?
The salary growth for a Relationship Manager at SBI Mutual Fund depends on factors such as experience, performance, and promotions. On average, a Relationship Manager can expect the following growth trajectory at SBI Mutual Fund:

Experience Average Salary Range
Fresher ₹2.0 Lakhs to ₹6.0 Lakhs per year
1 year ₹2.3 Lakhs to ₹5.2 Lakhs per year
2 years ₹2.0 Lakhs to ₹6.5 Lakhs per year
3 years ₹2.2 Lakhs to ₹7.4 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Mutual Fund Relationship Manager salary in India ranges between ₹2 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 179 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.