SBI Mutual Fund Nagpur Relationship Manager Salaries by 5 Employees (Updated 2025)

3 - 5 years exp.

₹4.5 Lakhs - ₹6 Lakhs

Avg. annual salary

Monthly In-hand Salary

11% more than the average Relationship Manager Salary in Financial Services Companies for 3 - 5 years of experience

Interested in this particular role? 7 job openings

Salaries in different departments

BFSI, Investments & Trading Relationship Manager Salary 3 - 5 years exp. (3 salaries)	₹4.5 L/yr - ₹6.2 L/yr
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Sales & Business Development Relationship Manager Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹6 L/yr

Last Updated: 8 Mar 2025

Companies similar to SBI Mutual Fund for Relationship Manager in Nagpur

SBI Mutual Fund Relationship Manager Salary

3 - 5 years exp. (5 salaries)

₹4.5 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
Home First Finance Company India Relationship Manager Salary 0 - 3 years exp. (38 salaries)	₹4.5 L/yr - ₹8 L/yr 39% more
PolicyBazaar Relationship Manager Salary 2 - 11 years exp. (24 salaries)	₹3.2 L/yr - ₹5.5 L/yr 7% less	29 job openings
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Shubham Housing Development Finance Relationship Manager Salary 2 - 8 years exp. (22 salaries)	₹2.4 L/yr - ₹4 L/yr 23% less	5 job openings
Anand Rathi: Online Stock Trading & Advisory Relationship Manager Salary 1 - 10 years exp. (17 salaries)	₹2.1 L/yr - ₹6 L/yr 23% less	8 job openings
Petpooja Relationship Manager Salary 1 - 8 years exp. (17 salaries)	₹3.2 L/yr - ₹6 L/yr 9% more	20 job openings

Relationship Manager salary at SBI Mutual Fund ranges between ₹4.5 Lakhs to ₹6 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Mutual Fund.

Experience wise SBI Mutual Fund Relationship Manager salaries in Nagpur

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 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

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

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.

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

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 Relationship Manager Salary FAQs

What is the salary of Relationship Manager at SBI Mutual Fund in Nagpur?

The average salary of a Relationship Manager at SBI Mutual Fund in Nagpur typically ranges from ₹4.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Relationship Manager in Nagpur at SBI Mutual Fund earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 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 5 SBI Mutual Fund employees in India.

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

The estimated take-home salary of a Relationship Manager at SBI Mutual Fund in Nagpur typically ranges from ₹33,749 to ₹35,007 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 3 years to 5 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 5 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 in Nagpur?

To be a Relationship Manager at SBI Mutual Fund in Nagpur, 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?

Home First Finance Company India	₹4.5 Lakhs to ₹8.0 Lakhs per year
Petpooja	₹3.2 Lakhs to ₹6.0 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 Relationship Manager in companies similar to SBI Mutual Fund in Nagpur?

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

PolicyBazaar	₹3.2 Lakhs to ₹5.5 Lakhs per year
Anand Rathi: Online Stock Trading & Advisory	₹2.1 Lakhs to ₹6.0 Lakhs per year
Shubham Housing Development Finance	₹2.4 Lakhs to ₹4.0 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 Relationship Manager at SBI Mutual Fund in Nagpur?

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

Experience	Average Salary Range
3 years	₹3.8 Lakhs to ₹4.9 Lakhs per year
4 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
5 years	₹4.1 Lakhs to ₹5.3 Lakhs per year

and so on.

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SBI Mutual Fund Relationship Manager Salaries in Nagpur

SBI Mutual Fund Relationship Manager salary in Nagpur ranges between ₹4.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.