SBI Funds Management Ltd. is the largest asset management company (AMC) in India based on assets under management (AUM) and it was established in 1992. The company manages the well-known SBI Mutual Fund. It is a joint venture between State Bank of India and Amundi. The company offers a wide range of investment products such as equity funds, debt funds, hybrid funds, ETFs, and portfolio management services (PMS). It manages a diversified portfolio of 126 mutual fund schemes, covering different categories such as Debt funds, Equity and equity-oriented funds, Arbitrage funds, Exchange Traded Funds, Index funds, Overseas fund-of-funds and Liquid & overnight funds. As of 2025, the company manages around ₹16.32 lakh crore in assets, which represents about 15.5% of India’s total mutual fund AUM.