SBI Funds Management Ltd. IPO

We are the largest asset management company (“AMC”) in India by quarterly average mutual fund assets under management (“QAAUM”), with QAAUM of ?12,509.98 billion and a mutual fund market share of 15.3% as of March 31, 2026, a position we have consistently held since March 2021 (Source: CRISIL Report). Including our Portfolio Management Services (“PMS”) and other advisory mandates (collectively with PMS, “Alternates”), our total QAAUM was ?29,461.05 billion as at March 31, 2026. We are India’s oldest AMC, acting as the investment manager to SBI Mutual Fund, which commenced operations in June 1987 as the first mutual fund entity outside the Unit Trust of India (Source: CRISIL Report). We are also India’s largest passive (exchange traded fund (“ETF”) and index funds) asset manager with passive (ETF and index funds) QAAUM of ?4,055.26 billion representing a market share of 27.9% as at March 31, 2026, a leadership position we have held since March 2021 (Source: CRISIL Report)(Source: CRISIL Report). Our total QAAUM has grown at a compound annual growth rate (“CAGR”) of 14.22% between March 31, 2024, and March 31, 2026, while our mutual fund QAAUM has grown at a CAGR of 16.97% during the same period. Our equity, equity-oriented and equity-hybrids (excluding arbitrage and including overseas fund of funds) QAAUM grew at a CAGR of 21.79% during the same period.

We are a leader in Systematic Investment Plans (“SIPs”) in India by number of live SIP accounts, with 16.21 million live SIPs representing a market share of 11.4% as of March 31, 2026 (Source: CRISIL Report). 65.16% of our SIP count originates from B-30 cities (excluding SIF), demonstrating our deep penetration in tier 2 and tier 3 cities. In February 2025, we launched the Jan Nivesh SIP facility, a SEBI-supported industry initiative allowing daily investments starting at just ?250, democratizing access to mutual fund investing for first-time and small-ticket investors (Source: CRISIL Report). We have integrated the Jan Nivesh SIP facility across our dedicated mutual fund mobile application, InvesTap and our website. We have demonstrated sustained growth in new investor additions reflecting the effectiveness of our retail-focused distribution strategy and the growing acceptance of mutual funds as a savings and wealth creation vehicle amongst Indian households. Our investor acquisition efforts are supported by comprehensive investor education initiatives including in-person awareness programmes, and active social media engagement with over one million followers/subscribers as at March 31, 2026.

We have a pan-India distribution presence supported by an omnichannel approach that integrates physical and digital platforms. Our mutual fund distributors (“MFDs”) consisted of 132,519 institutional and individual MFDs, which includes 122,460 independent financial advisors (“IFAs”), 9,964 national distributors (“NDs”), and 95 banks (including SBI) as of March 31, 2026. We have also embraced digital distribution channels to serve the growing segment of digitally native investors.

We have integrated mutual fund investment capabilities into SBI’s YONO digital banking platform and developed our proprietary InvesTap mobile application, which has 3.97 million registered users and 3.39 million active users (i.e., total number of users who have completed the registration on the InvesTap mobile application) and 57.17% activation rate (i.e., percentage of users who registered after downloading the InvesTap mobile application) as of March 31, 2026. Furthermore, InvesTap has been downloaded 5.8 million times as at March 31, 2026, demonstrating strong market acceptance. Additionally, we have developed specialized B2B applications including “Partner” and “Mitra”, enabling digitally enabled distribution across our network.