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SBI Mutual Fund Sales Manager salaries in India

Annual salary range
0 - 5 years exp.
₹2.2 Lakhs - ₹3.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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65% less than the average Sales Manager Salary in Financial Services Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Sales Manager Salary
4 - 5 years exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹3.5 L/yr

Sales & Business Development
Sales Manager Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹1.9 L/yr - ₹2.4 L/yr

Marketing & Communication
Sales Manager Salary
Fresher (AmbitionBox Estimate)
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₹2 L/yr - ₹2.4 L/yr

Last Updated: 17 Mar 2023

Companies similar to SBI Mutual Fund for Sales Manager

Company name Avg Annual Salary Open Jobs
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₹4.8 L/yr - ₹11.2 L/yr

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₹2 L/yr - ₹7 L/yr

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Kotak Mahindra Bank Sales Manager Salary

0 - 12 years exp. (746 salaries)

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₹2.2 L/yr - ₹10 L/yr

arrow icon 155% more
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₹12 L/yr - ₹26.3 L/yr

arrow icon 588% more
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UTI Mutual Fund Sales Manager Salary

3 - 11 years exp. (4 salaries)

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₹8 L/yr - ₹11 L/yr

arrow icon 273% more
1 job opening
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L&T Finance Sales Manager Salary

4 - 11 years exp. (82 salaries)

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₹3 L/yr - ₹12.1 L/yr

arrow icon 186% more
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Reliance Capital Sales Manager Salary

0 - 13 years exp. (29 salaries)

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₹1.2 L/yr - ₹7.2 L/yr

arrow icon 39% more
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Axis Direct Sales Manager Salary

0 - 10 years exp. (24 salaries)

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₹1.5 L/yr - ₹6 L/yr

arrow icon 50% more
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Kotak Securities Sales Manager Salary

3 - 12 years exp. (15 salaries)

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₹2.2 L/yr - ₹6 L/yr

arrow icon 83% more
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Sharekhan Sales Manager Salary

1 - 20 years exp. (10 salaries)

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₹3 L/yr - ₹9.5 L/yr

arrow icon 125% more
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Apex Group Sales Manager Salary

8 - 15 years exp. (4 salaries)

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₹5.8 L/yr - ₹8.4 L/yr

arrow icon 189% more
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Morningstar Sales Manager Salary

1 - 6 years exp. (3 salaries)

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₹2.4 L/yr - ₹3.6 L/yr

arrow icon 21% more
Sales Manager salary at SBI Mutual Fund ranges between ₹2.2 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Mutual Fund.

Latest annual salaries shared by SBI Mutual Fund Sales Manager

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5 years exp.
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7 months exp.

Experience wise SBI Mutual Fund Sales Manager salaries

Last Updated: 17 Mar 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹0.9 L/yr - ₹2.2 L/yr
1 year (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.2 L/yr
2 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹4.1 L/yr
3 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹4.5 L/yr
4 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹4.8 L/yr
View all

Similar Designation salaries in SBI Mutual Fund

Store Manager Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr
Area Manager Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
Branch Manager Salary
(27 salaries)
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₹4.45 L/yr - ₹11.3 L/yr
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₹1.15 L/yr - ₹7 L/yr
Sales Officer Salary
(4 salaries)
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₹1.45 L/yr - ₹3 L/yr
Deputy Manager Salary
(90 salaries)
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₹4.7 L/yr - ₹13.5 L/yr
Marketing Manager Salary
(AmbitionBox Estimate)
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₹10.7 L/yr - ₹13.7 L/yr
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₹25 L/yr - ₹32.8 L/yr
Sales Executive Salary
(64 salaries)
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₹2 L/yr - ₹4.5 L/yr
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₹4.5 L/yr - ₹7 L/yr

Salary related reviews for SBI Mutual Fund

4.0

Rated by 3 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

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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

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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

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  • Salary - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 04 Aug 2023

2.0
 for  Salary and Benefits

Likes

• The best thing of this company is job security. Even though they always put you into huge workload but won't fire you in case of under performance. Infact the management always gives time extension to fill the gaps. • With the name of SBI, the product placement is also very easy on all available counters in the market. SBI channel RMs gets a ton of respect on visiting the mapped SBI branches which psychology makes you feel valuable and motivates you to put more effort in to improve your KPIs. Even the Scale-4 Chief manager treates you like his younger brother which is the best thing one can expect in his workspace. • No Sales target for Operations staff. Some AMCs put sales target for opertions staff which hampers the operations related support to sales team. This condition is not here. Operations staff has its own KRA and Sales team has its own, which balances the overall functioning of whole branch. Implementing sales target to operations staff leads to work imbalance, that is what I believe. • Good working infrastructure. • Thinks innovative and always approaches to new technological advancements to improve work efficiency.

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  • Job security - Excellent
  • +2 more

Dislikes

• Carrear growth is the slowest. • Increments and salary they offers is the lowest among all peer AMCs (Top 5). Even after being the no. 1 AMC in total AUM List. • Discrimination and favourism done on the basis of Caste, religion, State in which you are working. • Special treatment for those who are direct or indirect relatives of the people of the top management, regardless their qualification. • Always prefers the cost efficient solution in terms of office premises, stationary quality, staff procurement, hiring trainers etc.. rather than going with the quality option. • Employee reward and recognition program is almost zero. • Knowledge part is below average in this AMC except the monday morning call. You have to help yourself for your knowledge and general awareness part here. • Super managers are cold blooded people. They never recognises the blood and sweat you are pouring to fulfill your duties. In support of that, I want to share my story: I was working as RM at certain place where no branch manager was deployed. So in the absence of branch head I took care of whole branch. During my tenure there, my Grandmother got passed away and it would be my first priority to be the part of her funeral and all rituals. But just after 2 days of that horrible incident I resumed my duties at my base station. Why? Because I knew that the branch is functioning on single man and leaving the station for longer period will result in hampering of overall functioning of the branch. That's the reason I resumed my duties on first priority and the cost of that, I missed my Grandmother's Final Prayer Ceremony. I put my best efforts upto that extent but management never recognised that. Infact, they were behaving in the complaining and taunting mode till the very last day of mine there.

read more
  • Salary - Poor
  • +2 more
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SBI Mutual Fund Sales Manager Salary FAQs

What is the salary of Sales Manager at SBI Mutual Fund ?
The average salary of a Sales Manager at SBI Mutual Fund in India typically ranges from ₹2.2 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Sales Manager at SBI Mutual Fund earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Sales 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 6 SBI Mutual Fund employees in India.
What is the estimated take home salary of a Sales Manager at SBI Mutual Fund in India?
The estimated take-home salary of a Sales Manager at SBI Mutual Fund in India typically ranges from ₹16,984 to ₹18,692 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher 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 6 salaries received from various employees of SBI Mutual Fund. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than SBI Mutual Fund for Sales Manager in India?
Franklin Templeton Investments ₹12.0 Lakhs to ₹26.3 Lakhs per year
UTI Mutual Fund ₹8.0 Lakhs to ₹11.0 Lakhs per year
Apex Group ₹5.8 Lakhs to ₹8.4 Lakhs per year
L&T Finance ₹3.0 Lakhs to ₹12.1 Lakhs per year
Kotak Mahindra Bank ₹2.2 Lakhs to ₹10.0 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 Sales Manager in companies similar to SBI Mutual Fund in India?
The salary of a Sales 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:

ICICI Prudential Mutual Fund ₹4.8 Lakhs to ₹11.2 Lakhs per year
Sharekhan ₹3.0 Lakhs to ₹9.5 Lakhs per year
Kotak Securities ₹2.2 Lakhs to ₹6.0 Lakhs per year
Axis Direct ₹1.5 Lakhs to ₹6.0 Lakhs per year
Nippon Life India Asset Management ₹2.0 Lakhs to ₹7.0 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 Sales Manager at SBI Mutual Fund in India?
The salary growth for a Sales Manager at SBI Mutual Fund depends on factors such as experience, performance, and promotions. On average, a Sales Manager can expect the following growth trajectory at SBI Mutual Fund:

Experience Average Salary Range
Fresher ₹0.9 Lakhs to ₹2.2 Lakhs per year
1 year ₹2.2 Lakhs to ₹2.2 Lakhs per year
2 years ₹2.2 Lakhs to ₹4.1 Lakhs per year
3 years ₹2.4 Lakhs to ₹4.5 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Mutual Fund Sales Manager salary in India ranges between ₹2.2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.