{
  "crd_number": 142968,
  "slug": "sbi-funds-management-limited-mumbai-142968",
  "primary_business_name": "SBI FUNDS MANAGEMENT LIMITED",
  "legal_name": "SBI FUNDS MANAGEMENT LIMITED",
  "dbas": [],
  "city": "Mumbai",
  "state": null,
  "country": "India",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2007-04-09",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-06-27",
  "carried_forward": false,
  "raum_total": 219931039699.0,
  "raum_discretionary": 215186078969.0,
  "raum_non_discretionary": 4744960730.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 2463,
  "advisory_employees": 71,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "banking_thrift": {
      "raum": 2677344023.0,
      "count": 9
    },
    "state_municipal": {
      "raum": 133044855529.0,
      "count": 3,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 37590432473.0,
      "count": 23
    },
    "high_net_worth_individuals": {
      "raum": 151072481.0,
      "count": 1916
    },
    "pooled_investment_vehicles": {
      "raum": 46304258585.0,
      "count": 2
    },
    "corporations_other_businesses": {
      "raum": 163076608.0,
      "count": 40
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://sbifunds.com",
    "https://sbimf.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/142968",
  "city_as_filed": "MUMBAI",
  "url": "https://advisorcensus.com/firm/sbi-funds-management-limited-mumbai-142968",
  "display_name": "SBI Funds Management Limited",
  "summary": "SBI Funds Management Limited is an SEC-registered investment advisory firm in Mumbai, India, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 27, 2026.",
  "citation": "AdvisorCensus. SBI Funds Management Limited (CRD 142968): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is SBI Funds Management Limited compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), SBI Funds Management Limited reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is SBI Funds Management Limited located?",
      "a": "SBI Funds Management Limited's principal office is in Mumbai, India, according to its Form ADV."
    },
    {
      "q": "Is SBI Funds Management Limited registered with the SEC or a state?",
      "a": "SBI Funds Management Limited is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 142968."
    },
    {
      "q": "How much does SBI Funds Management Limited manage?",
      "a": "SBI Funds Management Limited reports $219,931,039,699 in regulatory assets under management in its Form ADV filing dated June 27, 2026 (98% discretionary)."
    },
    {
      "q": "How have SBI Funds Management Limited's assets and staff changed since 2021?",
      "a": "In the Form ADV data for SBI Funds Management Limited: Regulatory assets under management: $103,615,253,218 in the October 2021 data and $219,931,039,699 in the October 2026 data, up 112%. Total employees: 1,842 in October 2021 and 2,463 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does SBI Funds Management Limited serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (1,916); corporations or other businesses not listed above (40); pension and profit sharing plans (but not the plan participants or government pension plans) (23)."
    },
    {
      "q": "Which custodians does SBI Funds Management Limited use?",
      "a": "SBI Funds Management Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists SBI-SG Global Securities Services Private Limited (affiliated with the firm) and Standard Chartered Bank as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does SBI Funds Management Limited report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/142968"
    },
    {
      "q": "What changed in SBI Funds Management Limited's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Employees performing advisory functions went from 68 to 71. Regulatory assets under management went from $174,927,599,293 to $219,931,039,699 (+26%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 103615253218.0,
      "total_employees": 1842,
      "filing_date": "2021-06-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 127096512454.0,
      "total_employees": 41918,
      "filing_date": "2022-06-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 140651686898.0,
      "total_employees": 1968,
      "filing_date": "2023-06-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 156580121601.0,
      "total_employees": 2035,
      "filing_date": "2024-06-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 174927599293.0,
      "total_employees": 2229,
      "filing_date": "2025-06-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 219931039699.0,
      "total_employees": 2463,
      "filing_date": "2026-06-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Employees performing advisory functions went from 68 to 71.",
        "Regulatory assets under management went from $174,927,599,293 to $219,931,039,699 (+26%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "SBI-SG Global Securities Services Private Limited",
      "name_as_filed": "SBI-SG GLOBAL SECURITIES SERVICES PRIVATE LIMITED",
      "affiliated": true
    },
    {
      "name": "Standard Chartered Bank",
      "name_as_filed": "STANDARD CHARTERED BANK",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/sbi-funds-management-limited-mumbai-142968.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1916,
      "fewer_than_5": false,
      "raum": 151072481.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 9,
      "fewer_than_5": false,
      "raum": 2677344023.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 46304258585.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 23,
      "fewer_than_5": false,
      "raum": 37590432473.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 3,
      "fewer_than_5": true,
      "raum": 133044855529.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 40,
      "fewer_than_5": false,
      "raum": 163076608.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/142968",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}