SBI Funds Management IPO Allotment Live: When, where and how to check SBI Funds Management IPO Allotment? See steps, direct links

SBI Funds Management remains one of the strongest long-term opportunities in India’s fast-growing mutual fund industry, according to Prasenjit Paul, Fund Manager at 129 Wealth and Research Analyst at Paul Asset.

He said the company is the market leader, backed by a strong brand and consistent profitability, and is well positioned to benefit from the long-term financialisation of household savings and rising SIP penetration across smaller cities and towns.

Paul said the IPO is priced at a slight discount to listed peers such as HDFC AMC, Nippon Life India AMC and ICICI Prudential AMC.

However, he does not expect outsized listing gains despite the strong subscription and healthy grey market premium (GMP).

“The IPO is better suited for investors with a two to three-year investment horizon rather than those looking for quick listing profits,” he said.