Strong bet! SBI Mutual Fund investors already sitting on 3x returns ahead of IPO launch

SBI Mutual Fund's unlisted shares have delivered about 3.8 times returns to early investors over three years, with shares rising from around Rs 900 to nearly Rs 2,800 before a 3:1 bonus issue adjusted the price to about Rs 858. The company has received Sebi approval and is expected to launch its IPO in the first week of July, raising around Rs 10,000 crore through an offer for sale by parent State Bank of India and joint venture partner Amundi. SBI Mutual Fund is India's largest asset management company by AUM, benefiting from sustained SIP inflows and growing retail participation.