Press Release

SBI Funds Management Limited A joint venture between SBI & AMUNDI (CIN - L65990MH1992PLC065289) Ref. No.: FM/CS/2026/476 Date: October 23, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza Plot No. C/1 Phiroze Jeejeebhoy Towers G Block Bandra – Kurla Complex Dalal Street Bandra East Mumbai – 400 051. Mumbai – 400 001. Scrip Symbol: SBIFUNDS Scrip Code: 544829 Sub: Investor presentation and press release on financial results of the Company for the quarter and half year ended September 30, 2026. Dear Sir / Madam, Pursuant to Regulation 30 read with Schedule III Part A Para A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the SEBI Listing Regulations”), we are enclosing herewith the investor presentation as Annexure I and a copy of press release as Annexure II on the financial results of the Company for the quarter and half year ended September 30, 2026. The same is also available on the Company’s website at https://sbifunds.com/investor-presentation in compliance with Regulation 46 of the SEBI Listing Regulations. You are requested to take note of the above and disseminate on your websites. Thanking you, For SBI Funds Management Limited Vinaya Datar Chief Compliance Officer, Company Secretary and Head Legal Membership No.: ACS 15527 Encl: As Above Regd. Office: 9th Floor, Crescenzo, Plot C-38 & 39, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051. Tel: +91 22 6179 3000 I Fax: +91 22 6742 5688 I Website: https.//sbifunds.com I E-mail: companysecretary@sbimf.com Chart Color 03195 Annexure - I 0175239 145198251 5121235 481157 Investor Presentation 25520989 23912837 Quarterly Results Q2 FY27 Chart Color 0 31 95 Executive Summary 0 175 239 145 198 251 5 121 235 ₹ 13,140 bn ₹ 13,325 bn ₹ 74 bn 4 81 157 Mutual fund PMS and Advisory (1) AIF 255 209 89 239 128 37 MF QAAUM SIP AUM B-30 MAAUM SIF QAAUM Passive QAAUM (2) ₹13,140 bn ₹2,070 bn ₹3,052 bn ₹44 bn ₹4,152 bn QAAUM AUM MAAUM QAAUM QAAUM 15.0% 12.3% 19.0% 16.2% 27.4% Market Share Market Share CAGR (3) Market Share Market Share Note: Numbers in the slide are rounded off; all data as of 30th Sep 2026 2 1. PMS and Advisory includes offshore | 2. Passive includes ETFs and Index | 3. CAGR for the period Sep’21 to Sep’26. | Active MF QAAUM market share is 12.4% as on Sep 30, 2026 | Source AMFI Chart Color 0 31 95 Key Highlights 0 175 239 145 198 251 5 121 235 4 81 157 Financial metrics Distribution reach Customer footprint Product suite 255 209 89 239 128 37 • ₹ 23,361 mn • 136K + • 18.5 mn • 120 (12% YoY) Distribution Partners Unique investors Total MF schemes Operating Income 126K+ IFAs, 10K+ Bank & NDs 5 new schemes launched • 22.7 mn in Q2 FY27 • ₹ 17,972 mn • 297 (3) 23,265 (4) Total MF Investor Folios (11% YoY) Branches SBI Branches Equity-oriented Operating Profit • 16.2 mn schemes Live SIPs • 2,141 Employees • 37 bps (2) • 32 Debt Schemes • 12.9 mn Operating Margin Individual Customers • 43 Pin codes serviced from B-30 ETFs, index fund schemes across India Note: Numbers in the slide are rounded off; all data as of 30th Sep 2026, unless otherwise stated 3 1. For H1 FY27. | 2. MF operating Margin - Ex of passives. | 3. Branches include SBI FM branches & point of acceptance. | 4. As on March 2026. Chart Color 0 31 95 0 175 239 145 198 251 5 121 235 4 81 157 255 209 89 239 128 37 Industry SBI Funds Financial Overview Management Overview Chart Color 0 31 95 Industry overview 0 175 239 145 198 251 Quarterly Average AUM Closing AUM (1C)losing AUM Unique Investors 5 121 235 (in mn) (₹ tn) (₹ tn) 62 63 87.8 83.4 57 83.3 82.4 4 81 157 77.1 75.6 0.4 0.1 0.2 7.9 7.7 7.1 255 209 89 3.6 6.9 3.3 5.6 2.9 3.1 13.7 2.6 12.1 13.0 13.9 Sep-25 Jun-26 Sep-26 239 128 37 14.1 14.3 15.2 14.8 14.7 14.7 12.3 12.6 SIP Flows (₹ bn) 40.5 43.3 46.4 40.6 44.8 45.3 294 318 325 Sep-25 Jun-26 Sep-26 Sep-25 Jun-26 Sep-26 Equity Passive Debt Arbitrage Liquid SIF Equity Passive Debt Arbitrage Liquid SIF Sep-25 Jun-26 Sep-26 Note: Numbers in the slide are rounded off | Source AMFI Chart Color 0 31 95 0 175 239 145 198 251 5 121 235 4 81 157 255 209 89 239 128 37 Industry SBI Funds Financial Overview Management Overview Chart Color 0 31 95 Market-leading franchise, powered by scale and cost efficiency 0 175 239 145 198 251 Largest AMC in terms of MF QAAUM(1) Closing MF AUM(4) 18% CAGR (3) 5 121 235 (in ₹ bn) 16% CAGR (3) (in ₹ bn) 10% YoY 12,510 13,140 6% YoY 11,995 12,632 10,729 11,502 11,970 10,632 9,144 4 81 157 9,070 255 209 89 239 128 37 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Largest passive asset manager by QAAUM(2) Active MF QAAUM (in ₹ bn) 4,055 3,755 4,154 19% CAGR (3) (in ₹ bn) 8,455 8,241 8,986 17% CAGR (3) 3,417 3,182 11% YoY 7,313 9% YoY 5,962 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Note: Numbers in the slide are rounded off. | 1. Including SIF. | 2. Passive includes ETFs & Index Funds. | 3. CAGR for the period Sep’21 to Sep’26. | 4. excluding FOF Domestic | Source AMFI & Internal. Chart Color 0 31 95 Market-leading franchise, powered by scale and cost efficiency 0 175 239 145 198 251 Equity Oriented QAAUM(1) Debt Oriented QAAUM(2) Liquid Oriented QAAUM(3) 5 121 235 11% YoY (in ₹ bn) (in ₹ bn) 10% YoY (in ₹ bn) 31% YoY 6,220 4 81 157 1,202 5,783 1,741 1,713 5,582 1,565 255 209 89 4,948 1,469 959 1,246 239 128 37 3,858 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Notes: Numbers in the slide are rounded off. | 1. Equity oriented includes equity, equity hybrid, Arbitrage & SIF. | 2. Debt oriented includes debt and debt hybrid. | 3. Liquid oriented includes Liquid & Overnight. | Source AMFI. Chart Color 0 31 95 Balanced asset allocation 0 175 239 MF QAAUM Composition MF Asset Class 145 198 251 5 121 235 Sep-25 Sep-26 (in ₹ bn) Sep-25 Sep-26 47.0% 46.5% 4 81 157 6,176 5,582 255 209 89 31.3%31.6% 239 128 37 4,154 3,755 14.5% 11.9% 1,741 9.1% 1,565 7.7% 1,202 0.0% 0.3% - 44 Equity Passives Debt Liquid SIF Equity Passives Debt Liquid SIF Oriented Oriented(1) 1. Equity Oriented includes Equity, Hybrid Equity & Arbitrage Chart Color 0 31 95 Leader in Systematic investment plans 0 175 239 SIP AUM Monthly SIP Flows 145 198 251 5 121 235 (in ₹ bn) 15% YoY (in ₹ bn) 3% YoY 4 81 157 38 2,070 1,806 33 1,729 255 209 89 1,577 1,273 239 128 37 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 23% CAGR 16.2 mn 3.6 mn 65.5% 98% ₹ 2,550 SIP Monthly Transactions (1) Live SIP count Fresh SIPs Added(2) B-30 SIP Contribution SIP registered for > 36 months Average SIP Size 1. CAGR for the period Sep’21 to Sep’26. | 2. During H1 FY27. | Figures represent SIP flows only. STP flows are excluded as we are considering fresh money inflows. | Source AMFI & Internal 10 Chart Color 0 31 95 Scale of customer footprint 0 175 239 145 198 251 Unique Customer Count Total Folios Customer Mix 5 121 235 10% YoY 12% YoY (in Mn) (in Mn) 4 81 157 40% T30 18.5 18.0 22.7 B30 255 209 89 22.0 60% 16.8 20.2 19.0 14.7 239 128 37 14.6 11.0 MAAUM Individual Mix 44% T30 56% B30 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Source AMFI & Internal Chart Color 0 31 95 Robust multi-channel distribution network 0 175 239 145 198 251 5 121 235 Embedded in SBI’s massive h Di Scaled, well-diversified branch and digital distribution ea di v e 4 81 157 network ver dia s t ri br si third-party network si n u e n I t id xte oss o nt 136k+ Distribution Partners ( 6% YoY) 255 209 89 Access to SBI's extensive branch network E cr n er d includes 126k+ IFAs a (2c 3ro ,2s 6s 5u r bb ra an n, T heie sr 2 (2/ )3, rural markets BI’s a t w- p 239 128 37 S r kt y ~10k+ NDs ( 15% YoY) & 96 Banks (Including SBI Bank) Integration with SBI digital banking platform 98% (YONO – 105mn users) (4) India’s postal codes Third-party Fintech platforms reached(1) 16800+ NISM certified bank employees d Comprehensive market reach o prietaryand mu l ti [Showing first 8,000 characters — download PDF for full document]