SBI Mutual Fund is a bank sponsored fund house. It is a joint venture between the State Bank of India, an Indian multinational, Public Sector banking and financial services company and Amundi, a European asset management company.

SBI Mutual Fund offers mutual fund schemes such as Debt Schemes, Equity Schemes, Hybrid Schemes, Exchange-traded fund, Liquid Schemes and Fixed Maturity Plans. It also offers Portfolio Management and Advisory Services to financial institutions and asset management companies.

Some of the major competitors for SBI Mutual Fund in the mutual fund sector are Birla Sun Life Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, and Reliance Mutual Fund & UTI Mutual Fund.

Key Milestones
1987 - Establishment of SBI Mutual Fund
1991 - Launch of SBI Magnum Equity Fund
1999 - Launch of sector funds, India's first contra fund
2004 - Joint Venture with SGAM
2006 - Became the first bank-sponsored fund to launch an offshore fund – 'SBI Resurgent India Opportunities Fund'
2011 - Stake Transfer from SGAM to AMUNDI
2013 - Acquisition of Daiwa Mutual Fund, part of the Tokyo-based Daiwa Securities Group
2013 - Launch of SBI Fund Guru, an investor education initiative
2015 - Employees' Provident Fund Organisation decided to invest in the equity market for the first time by investing Rs. 5,000 crore in the Nifty and Sensex ETFs (Exchange Traded Fund) of SBI Mutual Fund

Board of Directors
Ms. Arundhati Bhattacharya, Chairman and Associate Director
Mr. Dinesh Kumar Khara, Managing Director & CEO
Mr. Shishir Joshipura, Independent Director
Mr. Vellur Gopalaraghavan Kannan, Independent Director
Mrs. Madhu Dubhashi, Independent Director
Mr. Fathi Jerfel, Associate Director
Mr. Philippe Batchevitch, Alternate Director to Mr. Jerfel
Mr. Jashvant Raval, Independent Director
Mr. Om Prakash Gahrotra, Independent Director
Mr. Thierry Raymond Mequillet, Associate Director