India's SBI Funds Management posts profit rise in first results since IPO

HDFC Asset Management

03/08/2026 14:30

Aug 3 (Reuters) - India's SBI Funds Management SBIA.NS reported a 3.7% rise in first-quarter profit on Monday, helped by robust domestic capital inflows in its first earnings since going public last month.
The company, a joint venture between State Bank of India SBI.NS, the country's largest lender, and Amundi AMUN.PA, Europe's biggest asset manager, posted a net profit of 8.8 billion rupees ($92.30 million) for the quarter ended June 30.

($1 = 95.3375 Indian rupees)

 (Reporting by Nishit Navin; Editing by Sherry Jacob-Phillips and Janane Venkatraman)
 ((Nishit.Navin@thomsonreuters.com;))