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Sponsor banks boost MF flows as SBI, HDFC Bank, ICICI Bank add heft

Bank-sponsored fund houses led by SBI, HDFC, and ICICI drove MF inflows in FY25, aided by their vast customer base and distribution networks

mutual funds, SBI MF, HDFC MF, ICICI Prudential MF, Kotak MF, Axis MF, Nippon India MF, sponsor banks, AMFI, MF inflows
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Illustration: Binay Sinha

Abhishek Kumar

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Net flows into regular schemes of large mutual fund (MF) houses went up sharply in 2024-25 (FY25) with net inflows coming through sponsor banks rising up sharply. The largest fund house, SBI MF, received net inflows of ₹38,429 crore in FY25, up from ₹17,857 crore in the previous year. The 115 per cent jump was driven by a nearly threefold increase in inflows through its parent, State Bank of India (SBI).
 
The bank, which is a sponsor of SBI MF, contributed 68 per cent of the total net inflows garnered by the fund house. Inflows through SBI rose from ₹9,253