SBI Funds Management gears up for massive IPO launch. India's largest mutual fund house is conducting roadshows with top institutional investors ahead of a proposed initial public offering valued at approximately thirteen thousand crore rupees. Senior executives have been meeting with investment teams from the country's leading asset managers to secure commitments for the IPO and anchor book. The fund house, which is a joint venture between State Bank of India and Amundi, plans to launch the issue as early as July pending regulatory approvals. With assets under management exceeding twelve and a half lakh crore rupees, SBI Funds is positioned to become a major player in the public markets. Current unlisted market valuations place the fund house at around one point fifty-five lakh crore rupees, comparable to its largest competitors in the asset management sector.
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