India's SBI Funds Management ends flat after market debut

Listing has boosted hopes of strong IPO run after weak start to 2026

SBI Funds Management's public offering of shares worth 98.12 billion rupees was heavily oversubscribed last week, receiving bids worth over 4 trillion rupees. © Reuters

MUMBAI -- Shares of SBI Funds Management, India's largest asset manager, closed roughly flat against their opening price on its first day of trading as a listed company on Tuesday, marking a muted ending for a listing that had been expected to help revive one of the world's largest primary markets.