Clients
Sbi Funds Management Limited serves 1,993 clients, 1,916 of them high-net-worth individuals. The average client has about $110 million with the firm, and high-net-worth clients hold 0% of its $219.9 billion in assets.
- Pooled investment vehicles2 clients21%
- Pension and profit-sharing plans23 clients17%
- State or municipal government entities3 clients60%
- OtherHigh-net-worth individuals, Banking or thrift institutions, Corporations and other businesses1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 1,916 | $151,072,481 | 0.1% | $79K |
| Banking or thrift institutions | 9 | $2,677,344,023 | 1.2% | $297.5M |
| Pooled investment vehicles | 2 | $46,304,258,585 | 21.1% | $23.15B |
| Pension and profit-sharing plans | 23 | $37,590,432,473 | 17.1% | $1.63B |
| State or municipal government entities | 3 | $133,044,855,529 | 60.5% | $44.35B |
| Corporations and other businesses | 40 | $163,076,608 | 0.1% | $4.08M |
| Total | 1,993 | $219,931,039,699 | 100% | $110.4M |
- Clients
- 1,916
- Regulatory AUM
- $151,072,481
- Share
- 0.1%
- Avg. per client
- $79K
- Clients
- 9
- Regulatory AUM
- $2,677,344,023
- Share
- 1.2%
- Avg. per client
- $297.5M
- Clients
- 2
- Regulatory AUM
- $46,304,258,585
- Share
- 21.1%
- Avg. per client
- $23.15B
- Clients
- 23
- Regulatory AUM
- $37,590,432,473
- Share
- 17.1%
- Avg. per client
- $1.63B
- Clients
- 3
- Regulatory AUM
- $133,044,855,529
- Share
- 60.5%
- Avg. per client
- $44.35B
- Clients
- 40
- Regulatory AUM
- $163,076,608
- Share
- 0.1%
- Avg. per client
- $4.08M
Total
- Clients
- 1,993
- Regulatory AUM
- $219,931,039,699
- Share
- 100%
- Avg. per client
- $110.4M
What it does
Sbi Funds Management Limited provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, fixed fees and performance-based fees.
Sbi Funds Management Limited provided financial planning to 0 clients last fiscal year and advises no private funds.
97.8% of assets ($215.19B across 1,980 accounts) are managed with discretion; $4.74B across 13 accounts are not. 100% of clients are outside the U.S., and 29 clients received advice without assets under management last fiscal year.
What the accounts hold
- Funds3%
- Bonds97%
- Sovereign bonds71%
- Investment grade corporate bonds26%
Custodians
Sbi Funds Management Limited’s client accounts are held mainly at Standard Chartered Bank, with 56% of managed assets, and Sbi-SG Global Securities Services Private Limited, with 14%. Sbi Funds Management Limited does not have custody of client assets.
- Standard Chartered BankStandard Chartered Bank · Mumbai · $122.41B56%
- Sbi-SG Global Securities Services Private LimitedSbi-SG Global Securities Services Private Limited · Mumbai · $31.15B14%
- All other custodians$66.37B30%
Ownership and leadership
State Bank of India owns 50% to 75% of Sbi Funds Management Limited, and Denys De Campigneulles is its CEO.
- Owns 50% to 75% of Sbi Funds Management Limited
State Bank of India
Control person · since January 1989
- Owns 50% to 75% of State Bank of India
Government of India
Control person · since January 1989
- Owns 25% to 50% of Sbi Funds Management Limited
Amundi India Holding
Control person · since May 2011
- Owns 75% or more of Amundi India Holding
Amundi Asset Management
Control person · since May 2011
- Owns 75% or more of Amundi Asset Management
Amundi
Control person · since May 2011
- Owns 50% to 75% of Amundi
Credit Agricole Sa
Control person · since May 2011
Leadership
- Denys De CampigneullesExecutive Director and Deputy Chief Executive Officer
- Ramakrishna BalasubramanianChief Operating Officer
- Vinaya DatarChief Compliance Officer, Company Secretary & Head Legal
- Nand KishoreManaging Director and CEO
- Rajeev RadhakrishnanChief Investment Officer & Head of Reserach - Fixed Income
- Srinivasan Rama IyerChief Investment Officer - Equity
- Devinder SinghJoint CEO
- Srinivas SundarrajChief of Strategy, Digital, Technology and Head Investor Relations
Staff
- 2,463 employees
- 71 in advisory functions
Fees
Sbi Funds Management Limited is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Sbi Funds Management Limited’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Sbi Funds Management Limited has 0 offices, with 1 listed address with no US state reported.
Registration details
- Legal name
- Sbi Funds Management Limited
- Headquarters
- 9th Floor, Crescenzo, C- 38 & 39, G Block,, Bandra-Kurla Complex, Bandra (east), Mumbai, India 400 051
- Phone
- 912261793000
- Website
- www.sbifunds.com
- SEC file
- 801-67514
- Structure
- other (specify) organized in India
- Fiscal year end
- March
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Sbi Funds Management Limited have?
Sbi Funds Management Limited has 1,993 clients and manages $219.9 billion for them, as of June 2026. They include 1,916 high-net-worth individuals, 40 corporations and other businesses and 23 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 June 2026
What services does Sbi Funds Management Limited offer?
Sbi Funds Management Limited provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Sbi Funds Management Limited use?
Sbi Funds Management Limited’s separately managed account assets are held at Standard Chartered Bank (Mumbai), with $122,407,326,415 and Sbi-SG Global Securities Services Private Limited (Mumbai), with $31,154,611,981. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 June 2026
How many financial advisors does Sbi Funds Management Limited have?
Sbi Funds Management Limited has 0 investment adviser representatives registered with state securities authorities, out of 2,463 employees, and 71 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Sbi Funds Management Limited invest in?
At the end of its last fiscal year, Sbi Funds Management Limited’s separately managed accounts held 71% sovereign bonds, 26% investment grade corporate bonds and 3% pooled vehicles (private funds and similar). It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Sbi Funds Management Limited?
Sbi Funds Management Limited is owned through a chain of holding companies by Government of India and Credit Agricole Sa. Its direct owners are State Bank of India (50% to 75%) and Amundi India Holding (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 June 2026
How does Sbi Funds Management Limited get paid?
Sbi Funds Management Limited is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file