SBI FUNDS MANAGEMENT LIMITED Unlisted shares
SBI Funds Management Ltd. is one of the pioneering fund houses in Mumbai. SBIFML was formed as a joint venture in 1987 between the State Bank of India, the largest Bank in India, and Amundi—the largest asset management company of Europe. Over the years, it has grown to be amongst the largest asset management companies in India today.
The Powerhouse of Diverse Investment Solutions
SBIFML has a diversified bouquet of mutual fund products catering to the investment needs of retail and institutional investors. Equities funds, debt funds, hybrid funds, and multiple ETFs could be one extensive product line the company has. In all, it manages over 53 schemes with an AUM of about Rs 1.65 trillion across more than 12 million investors.
Market and Company Research Skills
The backbone of the success of SBIFML is a team of professionally experienced analysts who undertake in-depth market and company research. This expert analysis spans sectors such as healthcare, infrastructure, consumer goods, technology, and banking, with their enabling inputs extended to fund managers for appropriate investment decisions.
Reach through an Extensive Distribution Network
SBIFML has a formidable distribution network with a strength of more than 233 points of acceptance. The network includes not only branches of SBI and its subsidiaries but also tie-ups with independent financial advisors on separate digital platforms. This experience has been further enriched by SBIFML through digital integration, having developed facilities like SBI Mutual Fund application, SBI Quick – Missed Call facility, and the SBI e-KYC portal, thereby widening its reach to a large section of people who need investment solutions.
Innovation and Investor Education www.sbifmf.com
Among peers, the numerous awards won by SBIFML are a recognition of its innovative and transparent investment solutions. Very recently, at the 2020 Morningstar Awards, it was once again recognized as the Best Fund House–Overall, Equity, and Debt. Also, SBIFML has always remained on the forefront in terms of investor awareness and education-related activities, making a great contribution toward the growth of the mutual fund industry in India.
The SBIFML and AMUNDI Alliance
Since April 2011, SBI has reportedly maintained a 63% share of SBIFML; the remaining 37% is owned by Amundi Asset Management through its subsidiary, Amundi India Holding. This alliance would provide an impetus to SBIFML to become an internationally reputed asset management company by adopting global best practices and following high international standards.
Wide Spectrum of Services
Mutual Funds
SBIFML manages over 53 open-ended domestic funds running varied investment strategies across all market capitalization, themes and sectors. Aggregating this, the fund house also offers dedicated index funds, ETFs and other bespoke fund strategies .
International Investor Solution
SBIFML had undertaken and advised offshore fund exclusively since 1988 and are the first bank-sponsored asset management company to have huge success as the first ever bank-sponsored offshore fund.
Portfolio Management Services
It provides segregated multi-asset portfolio management services that are tailored for large Provident Funds, treasuries of some of the select Trusts, High Net Worth Individuals, and institutions.
ETF Management
SBIFML is the largest ETF manager in India with a suite of solutions across equity, fixed income, and gold backed by world-class infrastructure in aid of sophisticated fund management.
Alternative Investments
Launched in 2015, the SBIFML AIF division is in for wide expansion at this point when massive growth is expected in India and encourages Indian and foreign investment.
Beacon of Trust and Excellence
SBI Funds Management Ltd. is an epitome of trust and excellence in the Indian financial space and firmly upholds twin-track objectives: ‘innovative financial solutions’ and ‘investor education’. Be it a seasoned or new investor, SBIFML has numerous alternatives at its end to help you enhance your investment portfolio.
SBI Funds Management Limited Balance Sheet (Rs in Lakhs)
Particulars | 31-03-2024 | 31-03-2023 |
Assets |
|
|
Cash & Cash equivalents | 368.44 | 200.7 |
Bank balance other than above | 5471.69 | 2908.1 |
Trade Receivables | 10769.59 | 5655.3 |
Loans | 24.16 | 32.47 |
Investments | 664542.06 | 460912.58 |
Other Financial assets | 803.5 | 843.17 |
Current tax assets | 102 | 2202.39 |
Property, plant and equipment | 25100.12 | 22728.61 |
Intangible assets under development |
| 187.9 |
Other intangible assets | 593.06 | 420.11 |
Other non-financial assets | 2914.3 | 2296.57 |
Total assets | 710688.92 | 498387.9 |
Equity and liabilities |
|
|
Liabilities |
|
|
Total outstanding dues of micro enterprises and small enterprises | 54.29 | 4.83 |
Total outstanding dues of creditors other than micro and small enterprises | 1908.43 | 1510.8 |
Other financial liabilities | 12949.02 | 8873.75 |
Provisions | 13019.8 | 11045.72 |
Deferred tax liabilities | 7429.67 | 1045.04 |
Other non-financial liabilities | 552.97 | 769.28 |
Equity |
|
|
Equity share capital | 5058.23 | 5032.14 |
Other equity | 669716.51 | 470106.34 |
Total equity and liabilities | 710688.92 | 498387.9 |
SBI Funds Management Limited Profit & Loss Statement (Rs in Lakhs)
Particulars | 31-03-2024 | 31-03-2023 |
Revenue from operations |
|
|
Asset management fees | 269055.92 | 216158.59 |
Net gain on fair value changes | 58262.39 | 14169.72 |
Total revenue from operations | 327318.31 | 230328.31 |
Other income | 15289.58 | 10929.1 |
Total income | 342607.89 | 241257.41 |
Expenses |
|
|
Finance cost | 771.06 | 525.46 |
Scheme expenses | 4960.62 | 3012.8 |
Employee benefits expenses | 36838.76 | 32614.17 |
Depreciation and amortization expense | 3699.63 | 3383.65 |
Other expense | 28975.91 | 24634.62 |
Total expense | 75245.98 | 64170.7 |
Profit/ loss before tax | 267361.91 | 177086.71 |
Share of profit/ loss of associates | 1248.47 | 1070.11 |
Current tax | 55074.08 | 43865.99 |
Deferred tax | 6257.95 | 319.41 |
Profit/ loss for the period | 207278.35 | 133971.42 |
Other comprehensive income |
|
|
Remeasurements of the defined benefit plans | -81.05 | -3.38 |
Deferred tax on above | 20.4 | 0.85 |
Foreign currency translation | 3.45 | 28.9 |
Total comprehensive income for the period | 207221.15 | 133997.79 |
Earnings per equity share |
|
|
Basic | 41.1 | 26.62 |
Diluted | 40.9 | 26.5 |
SBI Funds Management Limited Consolidated Cash Flow Statement (Rs in Lakhs)
Particulars | 31-03-2024 | 31-03-2023 |
Cash flow from operating activities |
|
|
Net profit before tax | 26736191 | 177086.71 |
Adjustments for : |
|
|
Depreciation and amortization | 369963 | 3383.65 |
Finance cost | 771.06 | 525.46 |
Employee stock option expenses | 2787.81 | 2897.49 |
Profit/ loss on sale of property, plant, equipment | -13.31 | -9.72 |
Exchange fluctuations | 3.45 | 28.9 |
Fair valuations of investment | -53877.87 | -6018.26 |
Gain on sale/ redemption of investments | -4384.52 | -8151.46 |
Interest income on investments | -14432.48 | -9727.17 |
Distribution income from AIF | -244.22 | -219.96 |
Dividend from mutual fund | -27.09 |
|
Other interest income | -0.87 | -1.37 |
Dividend income | -1.61 | -1.61 |
Operating profit before working capital changes | 201641.89 | 159792.66 |
Decrease/ increase in other bank balance | -2563.59 | -36.11 |
Decrease/ increase in trade receivables | -5114.29 | -835.69 |
Decrease/ increase in other financial assets | 40.37 | 4885.51 |
Decrease/ increase in other non financial assets | -617.73 | -892.17 |
Decrease/ increase in trade payables | 447.09 | -136.82 |
Decrease/ increase in other financial liabilities | 1305.95 | -246.41 |
Decrease/ increase in provisions | 1893.03 | 797.94 |
Decrease/ increase in other non-financial liabilities | -216.31 | 314.69 |
Net cash generated from operations | 196816.41 | 163643.6 |
Income taxes paid net of refund if any | -52973.69 | -43715.78 |
Net cash generated from operating activities | 143842.72 | 119927.82 |
Cash flow from investing activities |
|
|
Purchase of intangible assets | -231.37 | -263.21 |
Purchase of tangible assets | -852.93 | -901.85 |
Purchase of investments | -315328.3 | -424005.49 |
Proceeds from sale of investments | 173843.74 | 321234.3 |
Loan to staff | 8.31 | 20.33 |
Other interest income | 0.87 | 1.37 |
Dividend received on investments | 28 | 1.61 |
Income from AIF | 244.22 | 219.96 |
Interest income on investments | 11798.43 | 6353.75 |
Net cash used in investing activities | -130489.03 | -97339.23 |
Cash flow from financing activities |
|
|
Proceeds from issuance of share capital | 10074.97 | 1360.02 |
Adjustment in relation to shares held by EWT | -67.7 | -4150.6 |
Principal element of lease payments | -2189.26 | -1870.43 |
Interim dividend paid | -771.06 | -525.46 |
Final dividend paid | -20232.9 | -17612.49 |
Net cash used in financing activities | -13185.95 | -22798.96 |
Net increase in cash and cash equivalents | 167.74 | -210.37 |
Cash and cash equivalents at the beginning of the year | 200.7 | 411.07 |
Cash and cash equivalents at the end of the year | 368.44 | 200.7 |
Cash and cash equivalent compromising of: |
|
|
Cash | 0.28 | 0.41 |
Balance with banks in current accounts | 368.16 | 200.29 |
Total | 368.44 | 200.7 |
Here is the analysis of cash flow for year March 2023 and 2022:
Operating Activities:
Net Cash from Operating Activities: For the year ending March 31, 2024, the company generated net cash of ₹143,842.72 compared to ₹119,927.82 in the previous year. This increase primarily resulted from higher operating profit before working capital changes, which rose from ₹159,792.66 to ₹201,641.89. The increase in operating profit was influenced by adjustments like depreciation, finance costs, employee stock option expenses, and gains on the sale/redemption of investments, which collectively contributed positively to cash flow.
Working Capital Changes: Significant changes in working capital components also affected cash flow. Notably, there was a decrease in trade receivables, other financial assets, and provisions, which provided cash inflows. However, increases in other bank balances, trade payables, and other financial liabilities offset some of these gains, resulting in a net positive impact on operating cash flow.
Income Taxes Paid: The net cash impact of income taxes paid increased from ₹43,715.78 to ₹52,973.69, reducing the net cash from operating activities.
Investing Activities:
Net Cash Used in Investing Activities: The company invested significantly less in fiscal 2024 compared to the previous year, with a net cash outflow of ₹130,489.03, improving from ₹97,339.23 in fiscal 2023. This reduction was primarily due to decreased purchases of tangible assets and investments, along with higher proceeds from the sale of investments and increased interest income on investments. These factors contributed to the improved cash position from investing activities.
Financing Activities:
Net Cash Used in Financing Activities: There was a decrease in cash used in financing activities from ₹22,798.96 in fiscal 2023 to ₹13,185.95 in fiscal 2024. This reduction was driven by lower dividend payments (both interim and final) and adjustments related to shares held by Employee Welfare Trust (EWT). Additionally, proceeds from the issuance of share capital increased, which also positively impacted cash flow from financing activities.
Cash and Cash Equivalents:
Net Increase in Cash: The company experienced a net increase in cash and cash equivalents of ₹167.74 during fiscal 2024, compared to a decrease of ₹210.37 in fiscal 2023. This improvement reflects the combined positive impacts of operating and financing activities.
Cash and Cash Equivalents Position: The ending cash and cash equivalents for fiscal 2024 totaled ₹368.44, up from ₹200.70 in fiscal 2023. This increase is attributed to the net cash inflows generated from operating and financing activities during the year.
Dividend History
Particulars | 2024 | 2023 |
Dividend Per Share (Rs) | – | – |
Retained Earnings(In lakhs) | 633684.61 | 446409.43 |
SBI Funds Management Limited Recent Financial Performance:
Dividend per Share: The specific dividend per share figure for March 2024 and 2023 is not provided; Dividend per share represents the portion of a company ‘s earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.
Retained Earnings: Retained earnings for 2024 amounted to Rs. 633684.61 Lakhs, while in 2023, they were Rs. 446409.43 Lakhs. Retained earnings represent the portion of a company ‘s profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.
To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company ‘s financial health and performance.
SBI Funds Management Limited Unlisted Shares: In-Depth Information
Well, investments done on the unlisted stock exchange are a bit profitable mode of investment; however, it is safe when the company performing it is quite solid, so ultimately dealing with SBI Funds Management Limited’s unlisted stocks is worth your hard-earned money.
How do I Buy SBI Funds Management Limited Unlisted Shares?
Buying of SBI Funds Management unlisted shares:
Communicate with a genuine Broker or trading platform that deals in unlisted shares. Ensure the broker is reputed and has a transparent transaction process.
Understanding the open lot size
The available lot size at the minimum for buying SBI Funds Management unlisted shares differs from broker to broker or their policy.
It is always suggested that you should discuss with your broker to have accurate information based on your investment requirement.
Lock-in Period Information
In most cases, unlisted shares are tied to the lock-up period during which, the shares should not be sold. You need to verify how long SBI Funds Management Unlisted shares will be attached to the lock-in period with your broker as it can be different.
Post Lock-in Period Actions
Once lock-in period is over. You are also free to sell your equity interest. The mode of operation will be based on market and any regulations that are currently in effect.
Is Buying Unlisted Shares Legal in India?
Absolutely. In fact, buying unlisted shares is legal in India. What being regulated, though, is the sale under certain guidelines made by SEBI such that the sale is as transparent and as ethical as possible.
India Unlisted Share Price
In an unlisted company, share prices are not published like in listed companies. Therefore, in order to learn the current price of SBI Funds Management unlisted shares, it would be necessary to contact the broker or trading platform that one would also like to use to purchase such shares.
Anticipating the IPO
When might SBI Funds Management Limited next offer a public offer?
The best answer everyone interested can hope for only from his broker who will help him in getting current and potential timelines on the same.
Where do I buy these shares?
The unlisted shares of SBI Funds Management can be acquired through special brokers, which deal in unlisted shares or through platforms that facilitate trading in pre-IPO shares.
How do I sell my Unlisted Shares ?
You will need to get in touch with the same broker or platform through which you purchased them or find another broker who buys and sells off-market shares.
Transfer of Unlisted Shares
No transfer of unlisted shares shall be made unless the transfer is accompanied by the delivery of the related share transfer deed. The said share transfer deed should also be in a dematerialized form. Again this is done by a stockbroker that will work to get it done within the legalese of the SEBI.
Are These Shares in Demat Form?
Yes, SBI Funds Management unlisted shares are available in demat form
Brothers, all of which makes it easier to hold and transfer the shares.
Reflection in Demat Account
Once you complete the transaction, SBI Funds Management unlisted shares will be reflected in your demat account, which usually is a few days after the purchase date. This may vary from broker to broker depending on the processing time taken by the broker. Tax Implications
The tax on gains from unlisted shares includes STCG if the shares are held for less than 24 months at a rate dependent on your income tax slab and LTCG at 20% with indexation if held for more than 24 months.
Price graphs and valuations of unlisted shares are not as easily available as those of listed shares. Investors will have to rely on their brokers more for the recent valuations and relative comparative analysis.
Keeping Updated
For the latest news and happenings about SBI Funds Management unlisted shares, do keep in regular touch with your broker and keep following updates at specialized financial news platforms.
Why Not Unlisted Shares?
Investing in unlisted shares enables an individual to participate in the growth of the company before the company goes public that subsequently, brings in significant returns, more so with an established company like SBI Funds Management.
Conclusion
Investing in SBI Funds Management unlisted shares offers myriad opportunities that will remain unavailable in any other investment option.
However, it comes with its fair share of challenges and considerations. As your broker, I am here to guarantee that your investment journey will be smooth and profitable.
