SBI Mutual Fund begins IPO process, seeks merchant bankers

• SBI Mutual Fund has initiated the process to appoint merchant bankers for its upcoming Initial Public Offering (IPO).
• The boards of SBI, Amundi, and SBIFML have approved a 12-month timeline for the IPO.
• Promoters SBI and Amundi plan to sell a combined 10% stake in SBIFML through the public offering.
• SBI will offload 6.3007% and Amundi 3.7006% of their stakes in the joint venture.
• SBIFML, the largest asset management company, managed assets of approximately Rs 12 lakh crore as of September 2025.

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