SBI Mutual Fund initiates IPO, to sell 10% stake

• SBI Mutual Fund has initiated the process to appoint merchant bankers for its IPO.
• The boards of SBI, Amundi, and SBIFML have approved a 12-month timeline for the IPO.
• SBI and Amundi plan to sell a combined 10% stake in SBIFML through the public offering.
• SBIFML is India's largest asset management company, managing assets of around Rs 12 lakh crore as of September 2025.

Why It Matters: SBI Mutual Fund's IPO offers a major new investment opportunity.