SBI Funds Management posted a net profit of ₹880 crore for the first quarter, a 4% increase year-on-year, marking its first earnings report since listing.
The company's Quarterly Average Assets Under Management (QAAUM) reached a record ₹12.6 trillion, driven by strong inflows into equity mutual funds.
Management attributed the growth to increased retail participation and a robust performance in the Indian stock market during the April-June period.