# SBI Funds Management Limited

> 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.

- CRD: 142968
- Filed as: SBI FUNDS MANAGEMENT LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Mumbai, India
- Filing period: October 2026
- Form ADV filing dated: June 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/142968
- AdvisorCensus page: https://advisorcensus.com/firm/sbi-funds-management-limited-mumbai-142968

## Quick answers

**How is SBI Funds Management Limited compensated?**
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.

**Where is SBI Funds Management Limited located?**
SBI Funds Management Limited's principal office is in Mumbai, India, according to its Form ADV.

**Is SBI Funds Management Limited registered with the SEC or a state?**
SBI Funds Management Limited is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 142968.

**How much does SBI Funds Management Limited manage?**
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).

**How have SBI Funds Management Limited's assets and staff changed since 2021?**
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.

**What types of clients does SBI Funds Management Limited serve?**
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).

**Which custodians does SBI Funds Management Limited use?**
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.

**Does SBI Funds Management Limited report any disciplinary disclosures?**
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

**What changed in SBI Funds Management Limited's recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- SBI-SG Global Securities Services Private Limited (affiliated with the firm)
- Standard Chartered Bank

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.

### Regulatory assets under management (Item 5.F)
- Total: $219,931,039,699
- Discretionary: $215,186,078,969
- Non-discretionary: $4,744,960,730

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 1,916 | $151,072,481 |
| Banking or thrift institutions | 9 | $2,677,344,023 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $46,304,258,585 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 23 | $37,590,432,473 |
| State or municipal government entities (including government pension plans) | 3 | $133,044,855,529 |
| Corporations or other businesses not listed above | 40 | $163,076,608 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2007 (19 years)
- Employees: 2,463 total, 71 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- sbifunds.com
- sbimf.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $103,615,253,218 | 1,842 | June 29, 2021 |
| October 2022 | $127,096,512,454 | 41,918 | June 28, 2022 |
| October 2023 | $140,651,686,898 | 1,968 | June 22, 2023 |
| October 2024 | $156,580,121,601 | 2,035 | June 28, 2024 |
| October 2025 | $174,927,599,293 | 2,229 | June 27, 2025 |
| October 2026 | $219,931,039,699 | 2,463 | June 27, 2026 |

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.

## Changes in the filing (last 12 months)

### July 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. SBI Funds Management Limited (CRD 142968): Form ADV filing data as of October 2026.