Core Viewpoint - SBI and Amundi are jointly initiating an Initial Public Offering (IPO) for SBI Funds Management Limited (SBIFM), expected to list on Indian stock exchanges in 2026, pending regulatory approval and market conditions [2][3]. Company Overview - SBIFM, established in 1992, is primarily owned by SBI (61.9%) and Amundi (36.4%), with a market share exceeding 15.5% in the Indian mutual fund sector and total assets under management of INR 28.31 trillion (€269 billion) [3][19]. - The IPO will offer 10% of SBIFM's capital for sale, with 6.3% sold by SBI and 3.7% by Amundi [3]. Leadership Commentary - Valérie Baudson, CEO of Amundi, highlighted SBIFM's leadership in the Indian asset management industry, attributing its success to SBI's distribution network and Amundi's global expertise. The IPO aims to unlock value created by both companies and strengthen their partnership in a growing market [4]. - SBI Chairman, Shri Challa Sreenivasulu Setty, noted that this IPO marks the third subsidiary of SBI to be listed, following SBI Cards and SBI Life Insurance. He emphasized the timing as opportune due to SBIFM's strong performance and market leadership [4]. Industry Position - Amundi is recognized as a leading European asset manager, ranking among the top 10 global players, managing over €2.3 trillion in assets [5][19]. - SBIFM offers a wide range of investment solutions, including Mutual Funds, Specialized Investment Funds, Portfolio Management Services, Offshore Funds, and Alternative Investment Funds, catering to various investor segments [8][9]. Commitment to Standards - SBIFM was the first in India's mutual fund industry to adopt the CFA Institute Asset Manager Code of Conduct, reflecting its commitment to high ethical standards and professionalism. It is also a signatory to the UN Principles for Responsible Investment, showcasing its dedication to sustainable investing [10].

Core Viewpoint - SBI and Amundi have initiated an IPO for SBI Funds Management Limited, expected to list in 2026, pending regulatory approval and market conditions [2][3]. Company Overview - SBI Funds Management Limited (SBIFM) was incorporated in 1992 and is primarily owned by SBI (61.9%) and Amundi (36.4%), with a market share exceeding 15.5% in mutual funds and total assets under management of INR 28.31 trillion (€269 billion) [3][4]. - At the IPO, 10% of SBIFM's capital will be offered for sale, with 6.3% sold by SBI and 3.7% by Amundi [3]. Leadership and Strategic Comments - Valérie Baudson, CEO of Amundi, highlighted SBIFM's leadership in the Indian asset management industry and the successful growth leveraging SBI's distribution network and Amundi's expertise [4]. - SBI Chairman, Shri Challa Sreenivasulu Setty, noted that this IPO is timely due to SBIFM's strong performance and market leadership, aiming to maximize value for stakeholders and enhance public visibility [4]. Market Position and Offerings - SBIFM is recognized as a leader in the Indian asset management sector, offering a wide range of investment solutions including Mutual Funds, Specialized Investment Funds, Portfolio Management Services, and more [8][9]. - The company caters to a diverse investor base, including retail investors, high-net-worth individuals, non-resident Indians, corporates, and institutional clients [9]. Commitment to Standards - SBIFM was the first in India's mutual fund industry to adopt the CFA Institute Asset Manager Code of Conduct, demonstrating its commitment to high ethical standards [10]. - The company is also a signatory to the United Nations Principles for Responsible Investment, emphasizing its dedication to sustainable investing [10].