SBI fund management employees are believed to earn crores of Rupees from the IPO of the company. SBI Funds Management IPO bidding started from Jul 14, 2026 and ended on Jul 16, 2026. SBI Funds Management IPO is set final issue price at ₹574 per share. SBI Funds is the largest AMC in India having a market share of 15.3%.
Did you know? The IPO has also turned many SBI Funds employees into crorepatis.
13 employees hold equity stakes worth more than ₹1 crore. Deputy Managing Director Devinder Pal Singh is the biggest beneficiary having shares valued at about ₹121 crore. Srinivasan Rama Iyer, the fund house’s Chief Investment Officer, follows with a stake worth about ₹105 crore.
Singh 21.14 lakh vested shares are valued at about ₹121 crore at the IPO price. He also holds unvested options that could be worth roughly ₹30 crore if exercised in the future. Iyer’s 18.25 lakh vested shares are worth around ₹105 crore, while his remaining unvested options carry an indicative value of about ₹51 crore at the IPO price.
Chief of Strategy, Digital & Technology and Head of Investor Relations Srinivas Jain’s holdings are worth nearly ₹59 crore; Chief Investment Officer – Fixed Income Rajeev Radhakrishnan at around ₹36 crore; Chief Risk Officer Aparna Nirgude at about ₹31 crore; and Chief Compliance Officer, Company Secretary and Head of Legal Vinaya Datar’s vested shares are valued at approximately ₹21 crore.
Senior executives across finance, human resources, technology and fund management, including Chief Financial Officer Inderjeet Ghuliani, Chief Human Resources Officer Rajat Grover, Chief Information Security Officer Sanjay Pugaonkar, and fund managers Mohan Lal and Mahesh Chhabria, each hold vested stock worth more than ₹1 crore at the offer price.
| Employee | Designation | Estimated Value of Vested Shares (at IPO Price) |
|---|---|---|
| Devinder Pal Singh | Deputy Managing Director | ₹121 crore |
| Srinivasan Rama Iyer | Chief Investment Officer (CIO) | ₹105 crore |
| Srinivas Jain | Chief of Strategy, Digital & Technology and Head of Investor Relations | ₹59 crore |
| Rajeev Radhakrishnan | Chief Investment Officer – Fixed Income | ₹36 crore |
| Aparna Nirgude | Chief Risk Officer | ₹31 crore |
| Vinaya Datar | Chief Compliance Officer, Company Secretary & Head of Legal | ₹21 crore |
| Inderjeet Ghuliani | Chief Financial Officer (CFO) | More than ₹1 crore |
| Rajat Grover | Chief Human Resources Officer (CHRO) | More than ₹1 crore |
| Sanjay Pugaonkar | Chief Information Security Officer (CISO) | More than ₹1 crore |
| Mohan Lal | Fund Manager | More than ₹1 crore |
| Mahesh Chhabria | Fund Manager | More than ₹1 crore |
The ESOP scheme, first introduced in 2018 and subsequently amended, granted options at exercise prices ranging from around ₹39 to ₹455 a share. With the IPO priced at ₹574 per share, those options have generated substantial gains for employees.
Click here to download SBI Funds IPO Prospectus PDF
