The State Bank of India and Amundi jointly initiate a 10% stake sale in SBI Funds Management Limited - the firm behind iconic products like the Capital Protection Oriented Fund series - in what may become the largest-ever AMC listing in India, valued at up to ₹1 trillion. SBI Funds Management Limited (SBIFML), India's largest asset management company by assets under management, has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India, setting the stage for what market observers expect to be one of the most significant financial listings in Indian capital market history. The proposed IPO will see promoters State Bank of India and French asset management giant Amundi collectively divest a 10% stake through an offer for sale. The move caps years of speculation about a public listing for the AMC - a joint venture that manages over ₹11.99 trillion in quarterly...

In a significant move to streamline long-term financial planning for retail investors, the Securities and Exchange Board of India (SEBI) has introduced a new category of mutual funds: Life Cycle Funds . These funds are designed to automatically adjust their risk profile as an investor approaches a specific target year, offering a "set it and forget it" solution for milestones like retirement or a child’s education. Here is everything you need to know about these new schemes and how they will function. What are Life Cycle Funds? Unlike traditional mutual funds that maintain a consistent investment strategy, Life Cycle Funds are defined by a specific maturity date . As the fund approaches this date, the Asset Management Company (AMC) systematically shifts the portfolio from high-risk, high-reward assets (Equity) to safer, more stable assets (Debt). To ensure transparency, SEBI has mandated that the maturity year must be part of the fund's name for example, "Life Cycle ...