SBI Funds Management earnings calls.

SBI Funds Management delivered a strong Q1 FY27 with operating revenue of Rs 1,149Current reported value: 1,149. No comparable prior figure is available in the source record. crore (+15Current reported value: 15. No comparable prior figure is available in the source record.% YoY) and PAT of Rs 873Current reported value: 873. No comparable prior figure is available in the source record. crore (+37Current reported value: 37. No comparable prior figure is available in the source record.% YoY), driven by robust SIP flows and market share gains. The company navigated TER regulatory changes by passing ~80% of impact to distributors, maintaining margin neutrality. Asset mix optimization—shifting from low-yielding passive to higher-yielding equity and hybrid funds—improved margins by 2bps. The company added 1.7 million new live SIPs in the quarter, taking the total to 16 million, with monthly SIP flows stable at ~Rs 4,000 crore. B30 markets contribute 65% of SIP additions with 19%Current 19%. Reported change: +~400bps YoY est.. market share, while unique investor base expanded 12% to 1.82 crore. The management flagged focus on scaling the alternate business (PMS, AIF, offshore) and leveraging PMS-on-mutual-fund platform opportunities. Key risk remains SIP flow volatility amid market uncertainty and increasing passive fund competition compressing yields.