According to reports from CNBC TV18, SBI Funds Management delivered a more stable quarter compared to ICICI Prudential AMC. The fund house outperformed in key equity metrics, reported a smaller decline in debt AUM, and witnessed a relatively lower sequential drop in SIP inflows compared with ICICI Prudential AMC. ICICI Prudential AMC posted a faster pace of growth during the quarter, supported by stronger expansion in non-equity and debt assets under management (AUM).
As reported by CNBC TV18, SBI Funds Management showed strong performance across key financial metrics. The fund house achieved 38.7% net profit growth compared to ICICI Prudential AMC's 25.5% growth. Revenue yield improved to 0.19 basis points from the previous quarter, while total expenses increased by 4.0% compared to ICICI Prudential AMC's 14.3% increase. SBI Funds Management also reported 8 PAT yield versus ICICI Prudential AMC's 7 PAT yield.
According to CNBC TV18, SBI Funds Management maintained its market position with MF QAAUM market share of -20 basis points compared to ICICI Prudential AMC's -10 basis points. The fund house showed positive growth in equity QAAUM at 2.0% versus ICICI Prudential AMC's 1.7%. However, both companies experienced declines in debt AUM, with SBI Funds Management reporting -6.0% decline and ICICI Prudential AMC -6.6% decline. Unique investors increased by 1.1% for SBI Funds compared to 1.8% for ICICI Prudential AMC.
As per Economic Times, SBI Funds Management reported its first quarterly results since listing, posting steady growth across key metrics. The company's net profit rose 3.3% year-on-year to ₹873 crore from ₹845 crore in the corresponding quarter last year. Revenue from operations increased 15.2% to ₹1,146 crore from ₹995 crore a year earlier. Operating profit came in at ₹907 crore, marking a 17% increase from the year-ago period. On a sequential basis, profit after tax grew 37% during the quarter. The company maintained its position as the country's largest mutual fund manager with mutual fund QAAUM at ₹12.6 trillion, up 11% from a year ago.
According to Economic Times, SBI Funds Management expanded its alternative assets under management significantly. Alternate AUM, including alternative investment funds (AIF), portfolio management services (PMS), advisory and offshore funds, stood at ₹16.5 trillion. AIF QAAUM increased 29% year-on-year to around ₹6,800 crore. The company's investor base also continued to expand during the quarter, with 18.2 million unique investors, 16 million live systematic investment plans (SIPs), and 22.3 million mutual fund investor folios. The number of individual investors from beyond the top 30 (B-30) cities stood at 12.7 million.
