SBIFUNDS

SBI Funds Management, the country's largest asset management company (AMC), released its June quarter results today after market hours, marking its first quarterly earnings announcement since listing. The company reported a standalone profit after tax (PAT) of ₹873 crore, up 3.3% from ₹845 crore in the corresponding quarter of the previous financial year. The performance was supported by healthy inflows into equity and passive investment strategies, along with continued strength in systematic investment plan (SIP) contributions. Despite weak market sentiment for much of the year, retail investor confidence remained resilient, even as foreign institutional investors (FIIs) continued to pull billions of dollars out of Indian equities.