Archive · 22 Jul 2026

SBI Funds Management shares fall 4% on second trading day

SBI Funds Management shares fall 4% on second trading day

SBI Funds Management, a company that manages a lot of money through different investment schemes, recently had its shares start trading on the stock market.

On the first day, the shares were more expensive than expected, but they didn't end up as high as they started.

The next day, the shares dropped by 4%.

Even though many people wanted to buy the shares when they first became available, the market seems to be adjusting the price.

The company manages a huge amount of money, about Rs 12.5 lakh crore, across many different investment options.

The money from the sale of these shares goes to the State Bank of India, which is the largest bank in the country.

Sources