SBI Mutual Fund Software Engineer Salaries by 4 Employees (Updated 2025)

3 - 7 years exp.

₹7.2 Lakhs - ₹10.2 Lakhs

Low Confidence

Salary of majority employees

At par with the average Software Engineer Salary in Financial Services Companies for 3 - 7 years of experience

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Last Updated: 20 Feb 2024

Companies similar to SBI Mutual Fund for Software Engineer

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Mutual Fund Software Engineer Salary 2 - 3 years exp. (6 salaries)	₹2.8 L/yr - ₹5 L/yr 57% less
Kotak Mahindra Bank Software Engineer Salary 2 - 7 years exp. (36 salaries)	₹10.7 L/yr - ₹20.9 L/yr 48% more
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Franklin Templeton Investments Software Engineer Salary 4 - 13 years exp. (109 salaries)	₹8 L/yr - ₹23 L/yr 110% more
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Synchrony Software Engineer Salary 2 - 7 years exp. (28 salaries)	₹9.2 L/yr - ₹19.6 L/yr 39% more
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Sun Life Financial Software Engineer Salary 0 - 5 years exp. (14 salaries)	₹5 L/yr - ₹13.4 L/yr 1% more
Ameriprise Financial Software Engineer Salary 2 - 6 years exp. (8 salaries)	₹10 L/yr - ₹15.5 L/yr 49% more
Reliance Capital Software Engineer Salary 1 - 4 years exp. (7 salaries)	₹4.2 L/yr - ₹5 L/yr 45% less

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Software Engineer salary at SBI Mutual Fund ranges between ₹7.2 Lakhs to ₹10.2 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Mutual Fund.

Experience wise SBI Mutual Fund Software Engineer salaries

Last Updated: 20 Feb 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹7.2 L/yr
4 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹13.3 L/yr
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5 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr
6 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹16.4 L/yr
7 years (AmbitionBox Estimate)	₹4 L/yr - ₹10.2 L/yr

Similar Designation salaries in SBI Mutual Fund

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹14.7 L/yr - ₹18.7 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Programmer Analyst Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Senior Consultant Salary

(AmbitionBox Estimate)

₹17.8 L/yr - ₹22.8 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹10.9 L/yr

Salary related reviews for SBI Mutual Fund

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.

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

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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SBI Mutual Fund Software Engineer Salary FAQs

What is the salary of Software Engineer at SBI Mutual Fund?

Software Engineer salary at SBI Mutual Fund in India ranges between ₹7.2 Lakhs to ₹10.2 Lakhs for experience between 3 years to 7 years. According to our estimates it is 2% more than the average Software Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI Mutual Fund India.

How does the salary of a Software Engineer at SBI Mutual Fund India compare with the average salary range for this job?

The average salary of a Software Engineer at SBI Mutual Fund is 2% more than the average salary of a Software Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Mutual Fund to a Software Engineer in India?

Better.com Software Engineer Salary - ₹12.0 Lakhs to ₹30.0 Lakhs per year
MUFG Bank Software Engineer Salary - ₹4.2 Lakhs to ₹46.0 Lakhs per year
ANZ Operations & Technology Software Engineer Salary - ₹11.0 Lakhs to ₹32.5 Lakhs per year
Franklin Templeton Investments Software Engineer Salary - ₹8.0 Lakhs to ₹23.0 Lakhs per year
Apex Group Software Engineer Salary - ₹14.7 Lakhs to ₹16.0 Lakhs per year

What is the salary of a Software Engineer in companies similar to SBI Mutual Fund in India?

TIAA Global Business Services Software Engineer Salary - ₹7.5 Lakhs to ₹25.8 Lakhs per year
DSP Mutual Fund Software Engineer Salary - ₹8.1 Lakhs to ₹24.0 Lakhs per year
TSYS|Total System Services Software Engineer Salary - ₹6.1 Lakhs to ₹20.0 Lakhs per year
Ameriprise Financial Software Engineer Salary - ₹10.0 Lakhs to ₹15.5 Lakhs per year
Kotak Mahindra Bank Software Engineer Salary - ₹10.7 Lakhs to ₹20.9 Lakhs per year

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

The estimated take-home salary of a Software Engineer at SBI Mutual Fund ranges between ₹61,426 per month to ₹62,983 per month in India. The take-home salary calculation is based on the average SBI Mutual Fund Software Engineer salary in India which ranges between ₹7.2 Lakhs to ₹10.2 Lakhs per year for employees with experience between 3 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Software Engineer at SBI Mutual Fund?

According to AmbitionBox, 100% of the SBI Mutual Fund Software Engineers reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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SBI Mutual Fund Software Engineer Salaries

SBI Mutual Fund Software Engineer salary in India ranges between ₹7.2 Lakhs to ₹10.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI Mutual Fund latest salaries received from various employees of SBI Mutual Fund.