SBI Funds Management plans a ₹11,693 crore offer for sale, reducing promoter stake to 88%. The company manages ₹29.46 lakh crore across various investment funds. Revenue and net profit saw significant annual growth between FY24 and FY26. SBI MF leads in systematic investment plans and portfolio management services. The IPO offers a P/E multiple lower than its industry peers.
Positive Breakout: These 11 stocks cross above 200 DMAs
In the Nifty500 pack, 11 stocks’ closing prices crossed above their 200-day moving averages (DMA) on September 17, 2026, according to StockEdge’s technical scan data.