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SBI Mutual Fund gains at the cost of its parent | The Morning Context

LONGREAD
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Business

SBI Mutual Fund gains at the cost of its parent

India’s largest lender is going out of its way to grow its mutual fund business at the cost of shareholders, raising questions of corporate governance.

Furquan Moharkan

15 September, 2025•9 min

3

15 September, 2025•9 min

3

Getting your Trinity Audio player ready...

SBI Mutual Fund gains at the cost of its parent

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LONGREAD
/
Business

SBI Mutual Fund gains at the cost of its parent

India’s largest lender is going out of its way to grow its mutual fund business at the cost of shareholders, raising questions of corporate governance.

Furquan Moharkan

15 September, 2025•9 min

3

15 September, 2025•9 min

3

Getting your Trinity Audio player ready...

SBI Mutual Fund gains at the cost of its parent

More in Business

Story image

Akasa, Air India Express or SpiceJet: plenty on offer for Adani’s airline play

Prince M. Thomas

Story image

Akasa, Air India Express or SpiceJet: plenty on offer for Adani’s airline play

A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.

Prince M. Thomas

Story image

Suits and countersuits fly between IPO-bound Zetwerk and Ayr Energy

Suits and countersuits fly between IPO-bound Zetwerk and Ayr Energy

Story image

BSE and NSE’s money-with-morals indices struggle to justify their existence

BSE and NSE’s money-with-morals indices struggle to justify their existence

Story image

Ambanis double down but Reliance’s growth engines sputter

The Morning Context team

Ambanis double down but Reliance’s growth engines sputter

The Morning Context team

Story image

Tata Consumer Products struggles with Capital Foods, its most expensive buy

Tata Consumer Products struggles with Capital Foods, its most expensive buy

Story image

Groww just can’t seem to shake off its derivatives dependence

Groww just can’t seem to shake off its derivatives dependence

You may also like

Story image

Madhabi Puri-Buch’s pet project, Choti SIP, fails to take off

The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.

Story image

MFs hold up India’s IPO market, their investors foot the bill

As retail interest in public issuances fades, mutual funds are filling the gap—funding promoter exits and delivering subpar returns to the very investors they represent.

Story image

The Rs 590-crore blame game at IDFC First Bank

Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.

Furquan Moharkan

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